Mermaid Avenue, Maroubra movements

Mermaid Avenue, Maroubra movements
Mermaid Avenue, Maroubra movements

Builder Phil Emanuele and wife Nicky have been breaking residential records in the South Coogee area for a decade of so, and now they hope 14a Mermaid Avenue, Maroubra will likewise set a new record.

They reckon the home sets a high benchmark for design and living, so their pricing through Clint Ballard at Ballard Property is $6.5 million plus. 

Set on its 450 sqm block, there is around 800 sqm internal space at the house with innovative rock coat render that doesn’t require painting. Even the external timber is called Parklex from Spain, a treated veneer that never needs any maintenance. Plenty of copper external features too. 

The couple won the Asia Pacific Property award for their last design at 8 Bloomfield Street, South Coogee which was briefly owned by Paul Roos, the former Swans Coach.

Just this week Maroubra benefited from China’s Golden Week with an oceanfront home on Mermaid Avenue fetching $10.5 million, selling to buyers from Shanghai. The oceanfront property was sold accountant Anthony George to buyers had flown into Sydney during the eight-day Chinese holiday period.

The oceanfront home on Mermaid Avenue did have initial hopes of $15 million earlier this year.

The oceanfront property, covering 6156 square metres, was sold accountant Anthony George to buyers had flown into Sydney during the eight-day Chinese holiday period

The seven bedrom home came with four-car garage, tennis court and pool on Mermaid Avenue.

It last traded in 1999 for $3.02 million when sold by lawyer John Gerathy.

The sale tops the suburb’s previous high of $8 million sit in 2007 for the oceanfront house on Waterside Street owned by Leslie Mosca, director of plastics and resin manufacturer Hpfox when sold by the Yu family.

This article fist appeared in the Sunday Telegraph.

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Property News Property market

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