Record house price set for Surf Coast

A NEW record price has been set for a residential property on the Surf Coast with the sale of 4 Ocean Boulevard in Jan Juc.

Selling agent Great Ocean Properties has not disclosed the exact price nor the buyer, but director Marty Maher confirmed that the price “substantially surpassed” the previous mark of $7.25 million paid for a property in Lorne in early 2020.

Advertised as “Jan Juc’s best view”, 4 Ocean Boulevard overlooks the “Steps” surf break and offers stunning ocean views all the way to Port Philip Heads and Cape Schanck.

The four-bedroom residence plus two-bedroom guest house is set on a substantial 3,925sqm allotment on the ocean side of Ocean Boulevard.

Quoted with a range of $5,250,000-$5,750,000 and a deadline for offers by August 30, the five-week campaign resulted in significant interest in the property despite the elevated price.

“The Surf Coast property market has obviously been very buoyant and we wanted to capitalise on this despite the threat of COVID lockdowns,” Mr Maher said.

“The current lockdown did interrupt the last part of the campaign but by then we felt we had enough interest in the property to have a meaningful result.”

He said negotiations with four parties stretched over two days, with the final result being well above expectations.

“We are excited for the purchasers to have secured such a great property and obviously our vendors are delighted with the result.

“We had a clear strategy from the start and all parties involved were happy with the transparent negotiation process we implemented. This certainly helped maximise the result.”

The previous record sale in Jan Juc was $6 million for a property in Broadbeach Avenue, sold off-market last year.