A Sydney buyer has snapped up a rural/lifestyle property near Gerringong for more than $5 million under the hammer.
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'Excelsa', located at 199 Alne Bank Lane, Rose Valley sold for $5,665,000 at auction on Wednesday night.
The selling agents were Ray White Gerringong's Neil Campbell and Roirda Harper.
There were five registered bidders on the night; the successful buyer was from Sydney.
Sitting on 6.27ha, with a northerly aspect, the property is located in one of South Coast's most tightly held addresses in Rose Valley.
Each of the two expansive levels of the home open onto a series of verandahs, gardens and water features, encompassing the ocean and rural views.
Meanwhile, earlier this year, 'Heartwood Farm', located at 128 Alne Bank Lane, Rose Valley sold for $6,050,000 at auction.
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The story: Excelsa, located at 199 Alne Bank Lane, Rose Valley sells for $5,665,000 first appeared on the Illawarra Mercury.
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Brendan Crabb
I'm a member of ACM's national property team, covering the Illawarra and South Coast. Based in Albion Park, NSW, I write about exciting, interesting or just downright quirky properties that have been listed for sale, major sales, market trends, auctions and more. One of my favourite aspects of being a journalist is I believe everyone has a story to tell. What's yours?
I'm a member of ACM's national property team, covering the Illawarra and South Coast. Based in Albion Park, NSW, I write about exciting, interesting or just downright quirky properties that have been listed for sale, major sales, market trends, auctions and more. One of my favourite aspects of being a journalist is I believe everyone has a story to tell. What's yours?
