Ireland’s Most Expensive Homes: Ballynatray Sets a New Record
Table of Contents
- 1. Ireland’s Most Expensive Homes: Ballynatray Sets a New Record
- 2. Cork’s Luxury Property Market Booms, Driven by High-Profile Sales
- 3. Sales Surge in Cork City
- 4. Cork’s Luxurious Property Market Exceeds €1 Million Mark in 2024
- 5. Douglas Leads the Way with Over Ten €1 Million Sales
- 6. New Developments Drive Luxury sales
- 7. Record-Breaking Sale in Rochestown
- 8. Cork’s property Market Sees Surge in Sales Over €1 Million
- 9. Cork’s Luxury Property Market sees a Surge in High-End Sales
- 10. Cork City Highlights:
- 11. Beyond the City: West Cork’s Coastal Charms
- 12. Coastal Cork Sees Million-Plus Home Sales Soar in 2024
- 13. Kinsale Continues its Reign
- 14. West Cork’s Coastal Charm Commands High Prices
- 15. Small but Mighty: Fisherman’s Cottage Makes a Splash
Table of Contents
- 1. Ireland’s Most Expensive Homes: Ballynatray Sets a New Record
- 2. Cork’s Luxury Property Market Booms, Driven by High-Profile Sales
- 3. Sales Surge in Cork City
- 4. Cork’s Luxurious Property Market Exceeds €1 Million Mark in 2024
- 5. Douglas Leads the Way with Over Ten €1 Million Sales
- 6. New Developments Drive Luxury sales
- 7. Record-Breaking Sale in Rochestown
- 8. Cork’s property Market Sees Surge in Sales Over €1 Million
- 9. Cork’s Luxury Property Market sees a Surge in High-End Sales
- 10. Cork City Highlights:
- 11. Beyond the City: West Cork’s Coastal Charms
- 12. Coastal Cork Sees Million-Plus Home Sales Soar in 2024
- 13. Kinsale Continues its Reign
- 14. West Cork’s Coastal Charm Commands High Prices
- 15. Small but Mighty: Fisherman’s Cottage Makes a Splash
Cork’s Luxury Property Market Booms, Driven by High-Profile Sales
Cork’s high-end property market witnessed a surge in activity in 2024, fueled by a number of high-profile sales and increasing demand from affluent buyers. The year saw a significant increase in the number of properties exceeding the €1 million mark, indicating a robust market for luxury homes in the region. One notable buyer who made headlines was American billionaire James Berwind, who splashed out on three substantial properties in the Kinsale area.Last year, Berwind reportedly paid €4.5 million for the Georgian estate Sprayfield and followed that up with a €5.5 million purchase of a contemporary home on a commanding site. Adding to his Kinsale portfolio, Berwind then acquired a dormer bungalow called Valley House for €4.99 million, surpassing the average selling price of many Cork city homes. Berwind’s spending spree wasn’t the only factor contributing to Cork’s luxury market momentum.
Sales Surge in Cork City
Local estate agent Ann O’Mahony, head of Sherry FitzGerald’s Cork office, observed a notable increase in sales between €1 million and €1.4 million during the year, demonstrating a healthy demand in the upper price bracket. O’Mahony’s firm contributed substantially to these figures, selling six properties exceeding €1 million.One standout sale was Riverside, a Georgian gem on Castle Road, Blackrock, which fetched €2.1 million, surpassing its guide price of €1.65 million. Nationwide, over 1,200 residential properties sold for more than €1 million in 2024, with over 200 exceeding €2 million. More than 60 properties changed hands for over €3 million, led by the sale of Ballynatray, a property in County Waterford, which sold for a staggering €11 million.Cork’s Luxurious Property Market Exceeds €1 Million Mark in 2024
Cork’s property market witnessed a surge in high-end sales during 2024,with numerous homes exceeding the €1 million threshold. This surge highlights the robust demand for luxury residences in and around the city. Leading real estate agencies, including Savills and Sherry FitzGerald, played a significant role in facilitating these high-value transactions. Savills alone secured sales exceeding €1 million for 19 properties, with a notable concentration in the Douglas area. Douglas Leads the Way with Over Ten €1 Million Sales
Douglas emerged as a hotspot for luxury living, boasting over ten sales exceeding €1 million. This impressive figure included newly built homes like Inish on the Well Road, which fetched €1.2 million, and 9 Hettyfield gardens, sold for €1.079 million, both handled by Savills.
Ecklinville Orchard Road
Savills also orchestrated the sale of a majority of the new builds within the prestigious Orchard Road progress in Ecklinville, with prices ranging from €1.28 million to €1.5 million. Currently, the showhouse at No. 3 is on offer for €1.45 million.
New Developments Drive Luxury sales
The surge in new build sales above the €1 million mark indicates a growing trend among homebuyers seeking modern, high-quality residences.This trend extends beyond Douglas to areas like Kinsale and the Model Farm Road. For instance, the Vailima development on Model Farm Road witnessed new builds surpassing the €1 million mark, highlighting the desirability of these contemporary homes. Similarly, at Merton Lodge, adjacent to Vailima, Sherry FitzGerald listed the largest of 18 new homes with a price tag of €1.3 million, showcasing the continued strong demand for new luxury constructions.Record-Breaking Sale in Rochestown
In a landmark deal, Savills achieved the highest recorded sale in Cork city during 2024, securing €3 million for Kennitt House in Rochestown.This exceptional property, dating back to the early 1900s, was acquired by a family with specific requirements.
Kennitt House in Cork’s Rochestown made €3m via Savills
Spanning an impressive 6,100 square feet and offering exceptional privacy, Kennitt House originally sought €3.2 million when it first whent on the market in 2020.
Cork’s property Market Sees Surge in Sales Over €1 Million
Cork’s luxury property market is experiencing a surge in sales exceeding €1 million, with several notable transactions pushing the boundaries of price records. The Property Price Register reveals over 20 sales in Cork exceeding €2 million, with the majority concentrated in desirable coastal and countryside locations. Among the top contenders is Kennitt House in Rochestown, which sold for €3 million, Riverside on Castle Road in Blackrock at €2.1 million, and Sans Souci, a contemporary build on Douglas Road, fetching a reported €2.2 million through estate agent Patricia Stokes.
“Trish Stokes had a remarkable summer,listing three standout cork city homes,offering discerning buyers a rare selection.
Stokes also brokered the sale of sunnyside on Blackrock Road for around its €1.75 million asking price. further down the road, No. 56 Lindville changed hands for €1.4 million, likely an off-market transaction or asset transfer.
Blackrock continued its strong showing with a luxury apartment in the former Ursuline Convent, No. 16 Blackrock House,selling for €1.35 million above its guide price through Lisney Sotheby’s International Real Estate. This sale is highly likely one of the most expensive apartment sales in Cork to date.
The current record holder for the most expensive apartment in Cork is believed to be the penthouse unit in the Elysian tower next to City Hall, which sold for approximately €2 million in 2008, prior to the introduction of Price Register transparency.
This year saw the first resale of an Elysian apartment, with Apartment 108 fetching around €825,000, marking a significant milestone for the development.
Cork’s Luxury Property Market sees a Surge in High-End Sales
The 2024 cork property market has witnessed a flurry of activity in the luxury segment, with numerous high-value homes changing hands. From the affluent suburbs of Cork city to the charming coastal towns of West Cork, buyers have snapped up enviable properties, pushing prices to record highs.Cork City Highlights:
Notable city sales include the sale of Eglantine, a detached bungalow on Crab Lane, which fetched €1 million.A trio of Park villas on Victoria Road achieved €1.3 million.
Beyond the City: West Cork’s Coastal Charms
West Cork emerged as a hotbed for luxury sales, rivaled only by the staggering €35 million+ sale of Ballynatray in East Cork/West waterford. This sale sparked a debate over its official location,with the register listing it as Cork/Youghal while Waterford claims rightful ownership. Kinsale boasted a dozen sales exceeding €1 million, including “Valley House” in Sandycove, which sold for €4.99 million to billionaire James Berwind, adding to his growing property portfolio in the area. The 2023 sale of “Seaspray” at Scilly’s Seaspray, another Berwind acquisition, also surfaced on the 2024 Register for €5.5 million,handled by Inhaus.
Coastal Cork Sees Million-Plus Home Sales Soar in 2024
The luxury property market in coastal Cork is experiencing a surge in million-euro-plus sales, with Kinsale and West Cork leading the charge. From modern waterfront mansions to charming cottages,buyers are drawn to the region’s stunning scenery and relaxed lifestyle.Kinsale Continues its Reign
Kinsale continues its dominance as a property hotspot, with multiple homes surpassing the €1 million mark in 2024. A contemporary residence, Over Yonder at Ardbrack, sold for an impressive €2.9 million. meanwhile, Harvel House at Oysterhaven fetched an unconfirmed €1.6 million, and Engel & Volkers secured €2.4 million for a sprawling bungalow with direct water access. “The Kinsale Pull effect” is spreading beyond the town itself, impacting areas like Nohoval and Clonakilty. Engel & Volkers also recorded a €1.35 million sale for a terraced home at 6 Fr MacSweeney Terrace, where Kinsale’s Scilly meets Ardbrack. further afield, Ard Alainn in Kilbrittain sold for €1.3 million, while Hodnett Forde secured €966,000 for Padley, a modern home boasting spectacular gardens.West Cork’s Coastal Charm Commands High Prices
West Cork is proving equally popular with discerning buyers, especially those seeking picturesque coastal homes. Two properties on Fountaintown’s Coast Road, Confusion and ring of Luminous Water, both exceeded the €1 million mark. Atlas House, near Ballinscarthy, defied the trend for waterside views, attracting US buyers who paid €1.55 million for the 4,200 sq ft property. Tir na nOg, a modern four-bedroom home overlooking Glandore Harbour, fetched €2.25 million in an off-market deal, secured by joint agents Chas P mccarthy and Hodnett Forde.
Small but Mighty: Fisherman’s Cottage Makes a Splash
Perhaps the biggest surprise of the year was the sale of Fisherman’s Cottage at Simon’s Cove near Clonakilty. The pair of old stone cottages, totaling 1,900 sq ft on two acres with beach access, initially listed for €1.5 million. “Tiny West Cork paradise comes at a big, big price: try €1.5m for size,” the listing read. The property sparked a fierce bidding war, ultimately selling to a buyer from the US after competing against a UK party and another US buyer.”At the price, it did seem like no Irish would apply: in fact, any expectation it might even be worth €1 million was met with disbelief,” Glengarriff also saw two properties exceed the €1 million mark: Monks Glen at Gerald and The Courtyard, both listed for €1.195 million by Sherry FitzGerald Country/Sherry fitzgerald O’Neill. Competition for desirable properties is intensifying, leading to some friction between long-time residents and newcomers. A Prime Property Instantly Captures Hearts One such sought-after home recently generated intense interest, attracting a flurry of eager buyers. According to Sherry FitzGerald O’Neill, “It got endless interest, people just fell in love with it. The laws of attraction applied.” The property was ultimately purchased by an American family planning to relocate permanently.This purchase exemplifies the trend of buyers being drawn to the allure of this particular area.This article provides a detailed overview of the luxury property market in Cork, Ireland, focusing on sales exceeding €1 million in 2024.
Here are some key takeaways:
**Cork City:**
* Despite some high-profile sales, overall luxury market activity in Cork city was slower compared too west Cork.
* notable sales included a detached bungalow on Crab Lane (€1 million) and a trio of villas on Victoria Road (€1.3 million).
* The sale of Feltrim, a three-acre estate on Blackrock Road, is anticipated to be a meaningful event, with a reported price of €6 million.
**West Cork:**
* West Cork emerged as a major hub for luxury sales, driven by its stunning coastal scenery and relaxed lifestyle.
* Kinsale continued its reign as a property hotspot, with numerous homes selling for over €1 million.
* notable examples include “Valley House” (€4.99 million) and “Seaspray” (€5.5 million), both purchased by billionaire James Berwind.
* Other areas like Nohoval, Clonakilty, and Kilbrittain also saw strong sales activity.
* West Cork’s coastal charm attracted buyers from both Ireland and abroad, with high prices being achieved for properties offering panoramic views and access to the water.
**General Trends:**
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The article highlights the growing popularity of coastal living and the willingness of buyers to pay premium prices for desirable locations.
* Both Cork City and West Cork continue to attract wealthy buyers, both domestic and international.
* kinsale’s popularity is influencing nearby areas, driving up property values beyond the town limits.
The article provides valuable insights into the dynamics of the luxury property market in Cork, showcasing the areas experiencing the most growth and the types of properties attracting high-net-worth individuals.
This article discusses the thriving luxury property market in coastal Cork, Ireland, particularly in Kinsale and West Cork.
**Highlights:**
* **million-Euro sales Surge:** There’s been a noticeable increase in homes priced above €1 million selling in coastal Cork.
* **Kinsale Leads the way:** Kinsale remains a prime location, with multiple sales exceeding €1 million and some surpassing €2 million. Examples include “Over Yonder,” “Harvel House”, and a bungalow with water access. Kinsale’s popularity is also extending to nearby areas like Nohoval and Clonakilty.
* **West Cork’s Charm:** West Cork is also attracting high-end buyers, especially those seeking coastal properties.
* fountaintown’s Coast Road saw two sales over €1 million.
* Atlas House near Ballinscarthy, a large property without direct water views, sold to US buyers for €1.55 million.
* “Tir na nOg” overlooking Glandore Harbour sold for €2.25 million in an off-market deal.
* **Surprising Sale:** A pair of old stone cottages known as “Fisherman’s Cottage” at Simon’s Cove near Clonakilty sold for close to €1.8 million. Despite its small size (1,900 sq ft), the beachfront location and stunning views fueled a bidding war.
**Overall:**
The article highlights the robust demand for high-end properties in coastal Cork, driven by its stunning scenery, relaxed lifestyle, and the allure of seaside living.Both Kinsale and West Cork are experiencing this surge in million-euro-plus sales.
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