National Brokers Network

The First Underwater Home was Sold in Sydney

Underwater homes have been making waves for some time, with Dubai introducing during the Dubai International Boat Show in 2015 the so-called Floating Seahorse villas. These villas are like anchored boats that float around. These three-story houses have a whole floor under the sea — submerged completely — that have two 269 square-feet windows, providing the best seats in viewing marine life in the area.

“This is an original idea, to have a boat villa with a submerged floor where you can experience the feeling of stepping down into the master bedroom, be in contact directly with the walls, and see the reef, the marine life all around you — you’re surrounded by it,” said the project’s architect, Gianfranco Rasile.

And for Australia, the first underwater house, which is located in Sydney, has been sold as announced by Property giant Ray White. Sydney is known to be the pioneer in underwater development in the country, said Ray White Sydney Blue CEO Jason Andrew.

Mr Andrew said underwater houses were “very attractive to those who have struggled to find a foothold in landlocked Sydney”.

“It opens up more space literally just next to the CBD and now everyone can have ocean views, and bring waterfront property to new heights, or depths,” he added.

He also said that they are working hand and hand with local developers to combat record high land prices.

“We are currently looking to other states, calling on councils in Brisbane and Melbourne to clean up their waterways and create new developments for buyers looking to get a foot on the property ladder,” Mr Andrew said.

“Everyone knows property prices have skyrocketed in recent years, especially in Sydney, but now that the Sydney waterways are cleaner than ever before it has paved the way for developers looking to invest in the underwater market,” he added.

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