PHOTO: Wellington. FILE
Wellington’s coastal suburb of Seatoun has solidified its reputation as a haven for high-end living, boasting the region’s priciest property sale of the year. The standout sale was a stunning residence at 95 Ludlam Street, which sold in March 2024 for an impressive $4.55 million. This exceptional property highlights the allure of Seatoun’s seaside charm and its growing appeal among luxury property buyers.
A Masterpiece in Seatoun
The home at 95 Ludlam Street is a testament to modern luxury and sophisticated design. Spread across a generous floor plan, it features five spacious bedrooms, ideal for family living or hosting guests. The property’s outdoor amenities truly set it apart, with a pool, a covered alfresco area complete with a fireplace, and a built-in barbecue – perfect for entertaining year-round.
RAY WHITE
RAY WHITE
RAY WHITE
RAY WHITE
Adding to its allure are breathtaking ocean views, a sought-after feature that defines the premium real estate market in Seatoun. Nestled in Wellington’s most expensive suburb, the property offers a private sanctuary while being close to the vibrant capital city.
Above and Beyond Seatoun’s Median
The sale price of $4.55 million far exceeded Seatoun’s median property value, which stood at $1,703,200 in 2024, according to CoreLogic’s Best of the Best report. This remarkable price difference underscores the growing disparity between average homes and premium properties in high-demand locations like Seatoun.
The suburb’s median property value itself reflects Seatoun’s status as Wellington’s most affluent neighborhood. The combination of coastal beauty, proximity to top schools, and a short commute to the city makes it a magnet for those seeking both luxury and convenience.
Seatoun: The Crown Jewel of Wellington Real Estate
Seatoun’s reputation as Wellington’s premium real estate hotspot is well-deserved. With its tranquil beaches, charming village atmosphere, and stunning architecture, it’s no surprise that high-net-worth buyers are drawn to this picturesque enclave.
The suburb continues to attract significant investment, with demand for properties in Seatoun driving prices higher each year. Homes with unique features, like the one at 95 Ludlam Street, further elevate Seatoun’s appeal, commanding premium prices and setting benchmarks for the market.
Wellington’s real estate market in crisis as the city loses 11.6 percent of it’s jobs in a year
The Broader Wellington Property Market
While Seatoun has claimed the spotlight, Wellington’s property market as a whole has shown resilience despite broader economic challenges. According to CoreLogic, other suburbs in the region are also seeing steady demand, though the luxury market remains the standout performer.
Factors such as limited supply, high demand for coastal properties, and a desire for more spacious homes have propelled Seatoun’s growth in particular. The sale of 95 Ludlam Street reflects not just the strength of the local market but also the enduring appeal of lifestyle properties in New Zealand’s capital.
Looking Ahead
As we move into 2025, Seatoun is expected to remain a focal point for Wellington’s luxury real estate market. High-end properties like 95 Ludlam Street set a precedent for future sales, and potential buyers will continue to vie for a piece of Seatoun’s unique coastal charm.
With Wellington’s property market evolving, Seatoun’s status as the crown jewel of the region remains undisputed. The sale of 95 Ludlam Street is a clear indicator that demand for premium properties in Seatoun is here to stay, cementing its reputation as the pinnacle of luxury living in Wellington.