715 Sandy Bay Road, Sandy Bay. Picture: SUPPLIED

POSITIONED on a large elevated allotment that is set back from the road, this modern home offers a wonderful vantage point from which to look out upon the ever-changing River Derwent.

This large, comprehensively renovated and rebuilt house offers first-class family living and resort-style entertaining areas.

Across two levels of superb family living, the house features four bedrooms, two bathrooms and a free-flowing living, dining and kitchen zone with large windows overlooking the water views.

The beautifully appointed kitchen features granite benchtops and quality European appliances, including a 90cm Smeg oven.

There is a large tiled main deck area with expansive views stretching from the city through to Bruny Island.

Wide water views.

To the rear of the home there is a second private deck area that steps down to a tiled in-ground swimming pool with low-maintenance, landscaped surrounds.

This house is a showcase of high-quality fixtures.

There is an alarm system, bespoke joinery, laminated tinted windows, reticulated watering system, polished timber floors and reverse-cycle heating and cooling.

The property has is a second living room on the ground floor, plus a large laundry and excellent storage.

A crisp, sleek place to cook.

An additional bonus is the small, externally accessible flat with a high-quality bathroom.

It might be ideal for a teenager, extended family or as a home business.

There is also a workshop, oversized double garage and open parking for up to six vehicles.

Sandy Bay’s 715 Sandy Bay Road has been listed as a price on application sale with St Andrews Estate Agents.

Take a dip.

The value of Sandy Bay houses has grown by 13.3 per cent, according to CoreLogic figures for the 12 months to August.

There were 148 house sales and 117 units sales in that period of time.

While Sandy Bay is one of Tasmania’s most expensive suburbs, houses and units don’t last long once they hit the market.

Over the 12-month period, houses averaged 19 days and units just 12 days before being sold.