Located on one of the most sought-after streets in Palm Beach is a colourful family home which has been designed with fun front of mind. 

This five-bedroom, four-bathroom home is positioned on Iluka Road with beach access and stunning water views which is hard to come by in the area according to selling agent Bj Edwards, LJ Hooker – Palm Beach. 

“It’s [Iluka Road] the single longest stretch of level waterfront in Sydney and it’s always been the number one blue ribbon address on the Northern Beaches," he said.  

The Iluka Road home is adorned in mid-century Palm Springs decor and finishes. Picture: Realestate.com.au

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“That level waterfront is so hard to find and they've [houses on Iluka] seen dramatic appreciation because of this vantage point.” 

The owners have used a mid-century Palm Springs aesthetic to bring this 1960s Palm Beach home to life, which has tied in nicely with the home’s original mid-century style architecture.  

There are two bars, with the fully-equipped upstairs bar boasting its own keg. Picture: Realestate.com.au

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Vibrant colour palettes and elaborate wallpapers create a sense of fun throughout the entire property. 

Little kids and big kids alike will love the slide. Picture: Realestate.com.au

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Entertaining is at the core of this home with two fully equipped bars. The upstairs bar has its own keg and lounge room which flows out to a large patio area with surround sound Sonos. 

When it’s time for a dip in the ocean, a slide connects the upstairs to the ground level – perfect for little kids and big kids alike.  

This groovy living space is just one of the eye-catching entertaining zones. Picture: Realestate.com.au

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The downstairs bar offers a cosier setting with a fireplace, TV, and original timber panelling.  

The five bedrooms each boast their own unique wallpaper.

The home's waterside location is ideal for entertaining. Picture: Realestate.com.au

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The master bedroom located upstairs is decked in an elaborate floral design adorning the walls, along with a luxurious pink ensuite. 

The pink theme continues to the kitchen which is ideal for those who love to cook with two ovens and a butler’s pantry for added storage.

The main bedroom is pretty in pink. Picture: Realestate.com.au

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The breakfast nook is positioned next to the kitchen with a serene water view. 

Palm Beach is popular among holidaymakers, located just over an hour’s drive from Sydney CBD.

Each bedroom is designed with vibrant colours and patterns. Picture: Realestate.com.au

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This could give the new owners the chance to earn revenue from the home as a short-term rental, especially over the warmer months of the year.  

“The most active buyer we've had has been an investor looking for a rental return,” said Mr Edwards. 

The Palm Beach home sits on a 613sqm site near the water. Picture: Realestate.com.au

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“You can imagine, a house that's so unique and charismatic like this attracts quite a large yield from all sorts of people looking for a weekend away in Palm Beach.”