The recently renovated five-bedroom, five-bathroom residence at 41 Pearl Bay Ave with water access set a new street record, according to CoreLogic RP Data, when it was snapped up after a little over a month on the market.

The five-bedroom home at 41 Pearl Bay Ave, Mosman, set a new street record. Source: Supplied

The home buffers an expanse of waterfront reserve. Source: Supplied

Exposed sandstone walls feature throughout. Source: Supplied

Standout features of the decadent property include 22m of street frontage, gated entry, four car garage with turntable, library, bespoke joinery and marble tiling, French oak floorboards, home theatre, 2500 bottle climate controlled cellar, gym, spa and north facing pool.

CREMORNE LEADS NSW AFTER SURGE IN PROPERTY DEMAND

Three parties were negotiated to achieve the sale, while throughout the campaign, 40 parties inspected the home.

Glass doors peel back to reveal stunning water views in this bedroom. Source: Supplied

The library adjoins a formal living space that opens out onto one of several terraces. Source: Supplied

Bespoke marble tiles are used in the bathrooms. Source: Supplied

“This is fourth $10 million-plus sale in Mosman for the year. Overall, the lower north shore’s middle to upper end markets are continuing to move in 2015,” selling agent Tim Foote, principal of Belle Property Mosman said.

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“The biggest change we’ve seen this year in the prestige bracket is an increase in local buyers seeking to upgrade, as well as continuing expat activity and Chinese buyers showing even more interest because of the currency’s decline.”

There is a 2500 bottle climate controlled cellar with iron grapevines designed and built by a Royal Danish certified blacksmith. Source: Supplied

The home comes with a large gym. Source: Supplied

A water feature separating various levels of the home. Source: Supplied

Mr Foote has recently hired a second buyers’ agent who speaks fluent Mandarin to assist him with inquiries from China.

“We have a tailored China marketing strategy that we employ with all prestige properties to drive overseas inquiry; and we had several Chinese inquiries on this home,” he said.

The home has been recently renovated to include an array of luxurious features. Source: Supplied

It was snapped up for $10.65 million. Source: Supplied

The previous highest sale on the street was $6.9 million, set in 2008.

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