Coffin Bay holiday home tipped to smash suburb’s price record

A luxury Coffin Bay holiday home, that rents for $1200 a night, looks set to smash property records amid expectations it will sell for more than $3m.

The Lobster Pot, at 10 Pelican Court, has a private jetty and an enviable beachfront location with uninterrupted views across the bay.

The property is one of the highest-priced holiday rentals in the Coffin Bay area and has attracted significant buyer interest for its earning potential, said selling agent Georgie Kemp, of Kemp Real Estate.

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The Coffin Bay property at 10 Pelican Court is an impressive holiday home.

It has its own jetty.

The property is one of the highest-priced holiday rentals in the Coffin Bay area, renting for $1200 per night.

It has an epic view of the ocean.

“It’s one of those iconic Coffin Bay homes that everyone knows,’’ Ms Kemp said.

“It’s got its own jetty, which not many properties have, so there’s a lot of inquiries from people with boats that want to come over for fishing trips.

“And the home has been renovated from top to bottom, with no expense spared.

“It was originally a shack but it’s been fully guttered and renovated to the extent that you don’t see any of the old shack now.

“It’s a property that’s got everything – the location, the jetty and the rental returns.’’

Holiday rental booking platform Rent by Owner currently lists The Lobster Pot for rent from $1201 a night.

Ms Kemp said the vendor had made a tidy income from the property over the years, while still retaining it for their own use when desired.

She said the property would make an enviable primary residence with a stunning three-bedroom home that has an open-plan lounge and dining area, floor-to-ceiling glazed windows and doors that framed the ocean views.

A spacious undercover entertainment area offered a built-in BBQ and a wood-burning heater and there was also a separate sauna room.

A detached self-contained flat, with a stylish bedroom, kitchenette and bathroom, still allowed the ability for rental income, Ms Kemp said.

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It’s contemporary throughout and open to make the most of the coastal air.

It’s lavish at every turn.

It has four bedrooms and three bathrooms.

The property is for sale without a price guide.

She said Coffin Bay was growing in popularity among holidaymakers, who now preferred it to busier tourist towns.

“Obviously during school holidays, Easter time, Christmas time and over the summer, Coffin Bay is always a popular destination but even now, when it’s colder, the caravan park is still flat out,’’ Ms Kemp said.

“We’ve seen a bit of a shift (increase in visitor activity) – places (closer to Adelaide) like Victor Harbor are quite busy now so people are heading to Coffin Bay instead.

“It’s still a small town but it’s a buzzing little place with lots of great little cafes and shops.’’

Ms Kemp said the property’s vendor was seeking offers upwards of $3m, which would set a new house record for Coffin Bay.

The current record is $1.715m, set in 2022 with the sale of another waterfront home, which also had a private jetty.

– by Lauren Ahwan

The post Coffin Bay holiday home tipped to smash suburb’s price record appeared first on realestate.com.au.