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24 Pye Place, Hot Water Beach, Thames-Coromandel

Price by Negotiation

809m²

Iconic waterfront landmark

Nestled within a lush sanctuary of palm trees and tropical gardens, this architecturally designed four-bedroom, three-bathroom residence is the embodiment of coastal living. Step inside and you will be greeted by a captivating central atrium. At its heart stands a graceful frangipani tree, a living testament to the Pacific-inspired ambience that envelops every inch of this remarkable property. The atrium guides you to an inviting staircase, beckoning you to ascend to the upper level. Here, the open-plan living areas seamlessly merge with expansive decks, offering you a front-row seat to the awe-inspiring vistas of Hot Water Beach. The Pacific style carries through to the generously sized master suite, where you will find not only breathtaking views but also privacy and abundant space. Continuing the same theme, two additional bedrooms and a study complete this level, ensuring comfort and functionality. Venture to the lower level, and you will discover a self-contained one-bedroom studio offering a prime opportunity to achieve a premium rental return. This thoughtfully designed space features a comfortable lounge, a convenient kitchenette, and decks that lead to a tropical garden and spa area.

To the rear of the property, an inviting gallery space awaits your creative vision. Whether you envisage additional bedrooms and living areas or aspire to continue the gallery tradition, the possibilities are boundless. Secure not only a unique coastal home but also an opportunity to own an iconic business. Whether your dream is to run a gallery by the beach or to have a versatile property for personal and rental use, this is your chance to make it a reality. Secure the land and buildings alone or opt for the whole package and include the business. Additionally, an option is available to purchase the business remotely. This iconic oasis is waiting for you to transform it into your own legacy.

Please note - boundary lines are indicative only

Additional details

Type

House

Property ID

2201156

Listed on

12/10/2023

Updated

02/10/2024

Data

Property insights

OneRoof estimateRating valuationEstimate over timeProperty history

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Property data

Broadband available

Floor area

254m²

Land area

809m²

Type of title

Freehold

About the area

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Bedrooms

All

Time (yrs)

5 yrs

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Flooring

Total estimated cost is flooring

$14,646.45

This estimate is fully inclusive of carpet, underlay, accessories and installation but excludes travel and floor preparation, if required.

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Hot Water Beach, Thames-Coromandel

Hot Water Beach is a suburb which lies within the Territorial Authority of Coromandel, one of 39 residential suburbs which form the wider region. Hot Water Beach is the 29th largest suburb of Coromandel in terms of the total number of residential housing stock. Hot Water Beach provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1950 - 1959. The majority of the residential housing stock in the locality was constructed between 1970 - 1979. Residential housing stock in Hot Water Beach is made up of approximately 61% residential housing and 39% lifestyle properties.

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