The South Coast continues to be in great demand, with former prime minister Paul Keating buying a weekender getaway in Gerringong.
According to Pricefinder, it sold for $2,763,000.
The three-bedroom, three-bathroom house was on the market for just seven days, and had a price guide of $2,100,000 to $2,300,000.
The property was built and owned by the late butcher Bruce Elvy and his widow Lynette, who bought it as a vacant block in 1988 for $40,000.
Mr Keating, who was PM from 1991 to 1996, is based in Sydney's inner city.
The selling agents were Stone Real Estate's Helena and Greg Crumpton.
"He's bought it just as a weekender or holiday house, like a lot of Sydney buyers do," Mr Crumpton said.
"It's a nice home close to the waterfront."
According to the marketing, the home features a light-filled open plan living spilling to an alfresco area in the tree tops.
It also offers views of green hills, rainforest and the coastline.
Last year, an in-demand, Insta-worthy luxury holiday retreat at Gerringong sold for more than $4 million.
The property, called 'Soul of Gerringong', is located at 143 Belinda Street.
It sold to a Sydney buyer for above the $4 million asking price.
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