97 Petersen Street, Wynnum

Is this bayside mansion with ocean views from almost every room, including the master ensuite, a record breaker?

Place Manly real estate agent Marc Sorrentino thinks it will be.

The 775sq m home, sitting on a 4,037sq m block at 97 Petersen St, Wynnum, has hit the market for the first time since it was built almost 25 years ago.

Listed without a price, the property has no street frontage and the only thing sitting between its rear boundary and Moreton Bay is parkland.

Mr Sorrentino said the property would smash the Wynnum sales record of $2.5 million.

The master ensuite looks out over parkland and Moreton Bay. Picture: supplied.

“It’s a no-brainer, this is definitely going to set a new record for the area,” he said.

“It is real estate gold. Not only is the house sitting on a huge block of land with panoramic bay views and built to commercial standards, it is also a very big, beautiful home.”

Mr Sorrentino said in the 17 years he had been selling property in the Wynnum Manly area, this was the first property he had listed on a 4,000sq m plus block.

“Properties like this rarely come on to the market,” he said.

“The block is nearly ten times the size of what is normally sold in the area and the home is more than double the size of a normal four-bedroom, two bathroom house.”

Owners John and Janice Quinn snapped up the property in 1992 for $400,000 when it was an overgrown block with a fibro house.

The living areas flow out to the verandas. Picture: supplied

“At that time, $400,000 was a lot of money. When we bought it everyone said we were paying too much,” Mr Quinn said.

“I think the combination of not being able to see the bay because the block was overgrown, plus the fact it was an old purple fibro house meant there was nothing compelling about it unless you saw the vision (of what it could be).”

The couple and their two children lived in the three-bedroom shack for a couple of years while working with an architect to design their dream home.

Mr Quinn said the resulting 775sq m house took 18 months to build and made the most of the ocean views.

“The house was built across the block so just about every room has views of the bay and it had to have large entertaining areas because we like to entertain a lot,” he said.

There is plenty of outdoor entertaining space at 97 Petersen St, Wynnum. Picture: supplied.

Spread across two levels, the home was built to a commercial standard with poured concrete slabs and core-filled concrete blocks.

There are four bedrooms with walk-in wardrobes and ensuites to each, open-plan living spaces opening to the veranda, a wine cellar and a cabana overlooking to the inground swimming pool.

The Quinns recently revamped the property, completely renovating the bathrooms and kitchen and repainting the house.

Mr Sorrentino said the property has already drawn interest from potential buyers.

“A lot of inquires have been from overseas Asian buyers,” he said.

“It surprised me but maybe it shouldn’t because Asian buyers tend to like big homes on big blocks.”

WYNNUM’S TOP SALES

25 Waterloo Esplande

Sale price: $2.5 million

Sale date: September 7, 2016

The property at 25 Waterloo Esplanade, Wynnum. Picture: supplied.

12 Alverna Close

Sale price: $2.44 million

Sale date: February 26, 2014

The property at 12 Alverna Close, Wynnum. Picture: supplied.

6 Alverna Close

Sale price: $2.35 million

Sale date: November 29, 2017

The property at 6 Alverna Close Wynnum. Picture: supplied.