High-Value Property in Manly Attracts Interest for Land, Not Home

A five-bedroom waterfront home in Manly has become one of the most viewed listings in New South Wales, as interest grows from buyers aiming to replace the existing residence.



High Interest in Waterfront Manly Property

Located on Addison Road, the $16 million Manly property has attracted significant attention, ranking among the most viewed homes in New South Wales over the past financial year. Despite its Mediterranean-style design and rare private sea pool, most potential buyers are reportedly focused on the land value and intend to demolish the existing house.

Manly waterfront property
Photo Credit: Clarke & Humel

Land Value Outweighs Architecture

Positioned on a 683-square-metre site in the Eastern Hill cul-de-sac, the home sits at the end of a private driveway, offering seclusion and direct access to Little Manly Cove. The three-level residence includes five bedrooms, three bathrooms, a double garage, and multiple terraces cascading towards the harbour. It also features a rooftop entertaining area and harbour-facing balconies.

Designed to reflect Mediterranean cliffside villas, the structure has high ceilings, arched doorways, and a white rendered façade with classical columns. Internal finishes include tiled flooring, a granite kitchen with fixed bar stools, and a marble-cobbled lower terrace that steps down to the leased sea pool and a private harbour ramp.

Manly property market
Photo Credit: Clarke & Humel

Demolition Plans Supported by DA Approval

The listing includes DA approval (Mod2022/0734) for a new luxury residence with five bedrooms and four bathrooms. The proposed design includes multiple living areas, a media room, wet bar, butler’s pantry, cellar, and a rooftop terrace. Selling agent Michael Clarke said buyers are targeting the site for redevelopment, consistent with recent local sales where land value outweighed existing structures.

Manly real estate
Photo Credit: Clarke & Humel

Changing Buyer Preferences in Manly

Demand for premium properties in Manly has reportedly grown since the pandemic, with buyers placing greater emphasis on lifestyle, beach proximity, and harbour views. Market trends suggest a shift in buyer preference away from areas like Mosman toward coastal suburbs such as Manly.

Manly luxury home
Photo Credit: Clarke & Humel

Future of Addison Road Home Remains Uncertain



While the current residence remains fully functional and architecturally distinct, the likely outcome for 30a Addison Road is demolition. The site is expected to be among the suburb’s top sales, with the land itself serving as the main draw for prospective buyers.

Published 13-June-2025

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