Ticket prices were $5 and Mr Burry purchased about $200 worth, which went to charity. He beat out other ticket holders who had spent more than $1000.
"I'd actually forgotten I'd entered," he said. "I heard about the draw on the radio and thought I'd buy a couple of tickets because it was going to a good cause."
RSL Art Union general manager Tracy Bishop said the draw was one the group's most successful lotteries.
The beach house has an array of luxury fittings. Photo / News Corp
"Tickets sold out early," she said. "I think the home captured a lot of people's imagination. It's a beautiful home that ticks all the boxes for Sydneysiders and not many properties sell in the area, so it's a difficult location to get into."
Mr Burry said his family had been considering moving to Gosford to help stretch their money further, but will probably stay in the area for good now.
"We know this part of Freshwater well. We used to go to a nearby park to eat fish and chips and soak in the view. It's strange to think we'll be waking up to the same view every morning."
The house is nearby a park the Burry family used to visit frequently. Photo / News Corp
The raffle proved to be particularly popular with peninsula residents living nearby with the majority of ticket holders from Dee Why, Freshwater, Allambie Heights, Manly and Balgowlah.
"More Australians than ever before are turning to prize home lotteries to have a chance at entering the housing market," Ms Bishop said.