Hamilton Island Round House listed at $4.5 million

Hamilton Island Round House listed at $4.5 million
Hamilton Island Round House listed at $4.5 million

A $1500 a night holiday home on Hamilton Island has been listed for sale at more than $4.5 million.

The Round House, designed by architect Peter Conley and built in the late 1980s is a four bedroom home, all with en-suites, a media room, a curved staircase and a salt water solar heated infinity pool that wraps itself around the exterior.

At 31 Melaleuca Drive the 4112 square metre luxury getaway can sleep 14 people.

It includes a one-bedroom cottage with a private driveway at the bottom of the property.

The property has been recently renovated at a cost of $1 million and is now wheelchair friendly with access ramps and an elevator.

It perches on the eastern side of One Tree Hill and has 180 degree ocean views over Catseye Beach and the Hamilton Island Resort.

The design of the house offers 12 hours of tropical sunshine all around the house.

It is being sold by Wayne Singleton of Hamilton Island Real Estate.

The vendor of the house is reportedly the O’Brien family, based in Melbourne.

Sales on the island have reportedly been slow with more than 100 homes on the market.

Agent Mark Beale of Ray White Whitsunday told The Australian Financial Review there are three to four sales in a month on the island meaning the market is well oversupplied.

Prices have been reduced on the island but the rents are still strong.

“We’ve sold houses for $700,000 that generate $40,000 a year in rental income, they pay for themselves,” Beale said.

“Occupancy rates have been anywhere from 50% to 100% better on the island than on the mainland.”

Ownership of land in the area operates under a 99-year leasehold system. 

Winemaker Robert Oatley paid $200 million for the island in 2003. 

Alistair Walsh

Alistair Walsh

Deutsche Welle online reporter

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