River Home's $3.995m sale sets price record

River Homes, a $27 million boutique collection of eight luxury freehold residences, has set a new price record for the Hamilton Reach waterfront community on the city’s booming Northshore.One of the final four River Homes released earlier this year by Frasers Property Australia has sold for $3.995 million.The price has set a new benchmark for Hamilton Reach with the success of the River Homes, the community’s most exclusive offering, proving there is strong demand for absolute riverfront residences with freehold title in Brisbane’s inner suburbs.The three-level River Home that has just sold is among eight currently under construction since the first release of four was brought to the market in late 2017.Five River Homes have now sold with the remaining homes priced from $3.35 million.Cameron Leggatt, General Manager Residential Queensland for Frasers Property Australia, says this latest sale highlights the scarce nature of freehold properties along Brisbane’s riverfront.“We’ve been very pleased with the market response to the River Homes since they were first released to the market,” Mr Leggatt said.“Our preliminary research indicated that freehold properties along the river are very tightly held, so we purposely created an exclusive product that we believed would meet the needs of a discerning market.“Our buyers have recognised the rarity of the homes, the absolute premium quality of their design and inclusions and they’re keen to be part of the Hamilton Reach community.”Each of the River Homes has been designed by Rothelowman to capture sprawling water vistas from the spacious interiors to the stunning outdoor areas, complete with plunge pool.The three-level River Homes feature an 88sqm grand master suite with ensuite, balcony, walk-in dressing room, private study and retreat.The sense of space is enhanced by stunning nine-metre-high ceilings in the main living spaces and a private internal lift. The two-level residences also boast grand living spaces with 5.9 metre-high ceilings.All River Homes feature four bedrooms and four ensuites plus a powder room.Each home has a spacious kitchen with butler’s pantry, Miele appliances, Zip tap with sparkling water function, integrated Liebherr fridges including a 195-bottle wine cabinet.The Hamilton Reach sales and display centre is open every day from 10am until 4pm at 310 MacArthur Avenue, Hamilton.