Byron Bay real estate agent Graham Dunn enjoys the view from the Wategos property that sold for $6.5 million yesterday.
Byron Bay real estate agent Graham Dunn enjoys the view from the Wategos property that sold for $6.5 million yesterday.

$6.5 MILLION RECORD SALE AT WATEGOS BEACH

By RACHEL AFFLICK

ANOTHER real estate record was smashed in Byron Bay yesterday with the sale of a non-beachfront home for $6.5 million.

The three-bedroom home at Brownell Drive in Wategos Beach was purchased as a weekender by a Melbourne buyer.

The previous record for a non-beachfront home in Byron Bay was $4 million.

The price tag is also the second highest for a house at Wategos.

The sale was made by Byron Bay-based real estate agent Graham Dunn, who was yesterday planning to celebrate with 'a couple of quiet beers'.

Mr Dunn said he was not surprised by the $6.5m result, and in the future non-beachfront prices in the area would only continue to climb.

"What we're finding is there are only 84 houses in Wategos so we have a very limited supply," he said. "If you think it's dear this year, come back next year and it'll be dearer."

The vendors, who did not want to be named, paid $650,000 for it 12 years ago. The tastefully renovated and decorated 25-year-old timber home has three bedrooms, three bathrooms and is 100m from the beach.

It was once owned by a member of the legendary band Dire Straits. Its big drawcard is its stunning views of the coastline and beyond.

Mr Dunn said three offers had been made. The house had been on the market for four months.

One potential buyer was from London, which Mr Dunn said proved Wategos was now an international destintion.

The record price for a house at Byron Bay is $16 million.

Vaucluse resident Danny Goldberg shocked real estate watchers in June 2006 with his bold purchase of the luxury Wategos House at the iconic beach.

According to agents at the time, the scarcity of similar properties had to be taken into account when considering the stratospheric $16m price tag.

While there were a huge number of comparable waterfront properties in Sydney, there were only about a dozen in Byron Bay and they were owned by% millionaires who were reluctant to give up their properties.

Wategos House is a six-bedroom colonial-style house set on 1500sqm off Marine Parade, just beneath the lighthouse.



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