The ‘dream’ mansion is now derelict and covered in graffiti. Photo: Stone Real Estate Illawarra.
A derelict mansion on the banks of the Minnamurra River could fetch up to $6.6 million despite being run-down and covered almost entirely with graffiti.
With a floor area of around 5000 sqm, the partially completed home previously sold for $1.32 million in March 2015 when the agent Ray White Kiama described the property as “ready for the new owners to add their own individual finishes”.
Since the sale, the palatial two-story home has been the subject of vandals who have covered almost every centimetre of the building with graffiti, including the indoor pool area, arched balconies and massive internal staircase and entry foyer.
The roof has gaping holes in it and the massive indoor pool is green and slimy. What was once someone’s dream mansion was, sadly, never completed and left abandoned to face the elements and vandals for eight years.
Sitting on just under 100 acres of land with enviable river and escarpment views, the iconic home features six unfinished bedrooms and multiple grand living areas and, despite its dilapidated condition, could prove a rewarding project for a super keen and cashed-up renovator.
Alternatively, the property could be snapped up and redeveloped into a 33-room eco resort which has DA approval.
Helena Crumpton from Stone Real Estate Illawarra has listed 71 Fig Hill Lane Dunmore for sale with a price guide of $6 to $6.6 million.
The Stone Real Estate listing describes the property as a “rare opportunity for an eco resort or incredible home”.
“Located just under a two-hour drive from Sydney is this wonderful possibility to build a first class DA approved eco resort set in a picturesque location close to beaches, Shell Cove Marina, golf course and gorgeous coastal towns,” the listing says.
The property borders the Minnamurra River and is perched on a hilltop with 360-degree views over the green rolling hills of Jamberoo, the Illawarra escarpment, Mystics Beach, Kiama Golf Club and the township of Kiama.
Offering extensive frontage to the river, and capturing views to the ocean and mountains, this one-of-a-kind property offers a world of possibilities with options for either completing the unfinished home, or implementing DA approved plans for a landmark 33-room eco resort.
The resort proposal includes a restaurant, luxurious lounge area, resort pool, bar, gym, rooftop terrace and includes 20 hilltop lodges.
The listing says the incomplete mansion of “grand space and luxury” has “loads of potential to create a dream lifestyle”.
The mansion is in a prime location on the Minnamurra River. Photo: Stone Real Estate Illawarra.
For more information about 71 Fig Hill Lane Dunmore contact Helena Crumpton at Stone Real Estate Illawarra on 0415 119 019.
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