Raine & Horne is managing the sale at auction of 11 Grosvenor Road, Terrigal, the much-loved holiday home of former real estate great – Mr Max Raine.

Mr Kristian Bingham, Sales Manager of Raine & Horne Gosford and East Gosford, is managing the sale of this exceptional, renovated freestanding, five-bedroom property, offering sweeping ocean views and a prime location. The property is priced with a guide of $3.9 million+.

Mr Angus Raine, Executive Chairman, Raine & Horne said, “When we were younger, my sisters and I loved sharing family time at Mum and Dad’s Terrigal beach house. But with grown-up families of our own now, this property is surplus to our needs, and we have decided to close this chapter of our family’s history.”

11 Grosvenor Road, Terrigal features sweeping ocean views, a heated swimming pool, bordered by landscaped gardens and a versatile floor plan that could easily be reconfigured to a dual occupancy dwelling, ideal for holiday letting or multi-generational living.

“Not surprisingly, we have already received numerous enquiries from buyers looking for a blue-chip, holiday retreat in Terrigal given its potential to house multi-generations.

“We have also had considerable interest from local home buyers and those from out of the area looking for an idyllic holiday escape,” Mr Bingham said.

“Part of the appeal of this rare two-storey property lies in its unique flexibility, as it can be divided into two separate, self-contained residences.

“There is also the scope to create a sixth bedroom on the ground floor by converting the large laundry and using some of the extensive storage space for washing purposes.”

The home benefits from solar power, split system air-conditioning and a wood-fired combustion fireplace with sandstone surround and marble hearth to deliver year-round comfort. The house is set on a 550 square metre corner block and includes a double lock up garage with internal access and two off-street car spaces.

Another major feature of this property is its location. “This freestanding property has an extensive view of the ocean but is located just far enough away from the hustle and bustle of Terrigal, and of course, it is an easy 1.5 hour drive along the M1 to Sydney,” Mr Bingham said.

“Max, who I met several times, had a brilliant eye for exceptional properties, and he certainly didn’t miss the mark with this one. 11 Grosvenor Road really is a truly remarkable property – and I am sure the new owners will enjoy it just as much as the Raine family have,” added Mr Bingham.

“It’s an honour to represent the Raine family in the sale as they have been a pre-eminent real estate family in Australia for over 140 years.”

11 Grosvenor Road, Terrigal is listed for sale at auction on 7 December, with price expectations in the order of $3.9 - $4.1 million. For further information about this rare, freestanding Terrigal property, contact Raine & Horne East Gosford on 02 4323 4433.