An Auckland beachfront house with ocean views and a council valuation of $3.1m has just gone up for a mortgagee sale.
The five-bedroom home on Tamaki Drive overlooks St Heliers Beach and comes with three bathrooms, two-living areas and "expansive north-facing" decks.
"Imagine waking up to the golden sand [and] sparkling water," says the home's marketing material.
The home is set to be auctioned on November 14.
It is understood to have been owned by a Kiwi who passed away in Thailand in April. The man's brother, however, did not wish to comment, and nor did Barfoot and Thompson agent Philip Davis.
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The home's sale comes as a prime slice of real estate in the city's most exclusive suburb also hit the market earlier this month in a $10 million mortgagee sale.
The two properties on Herne Bay's Argyle St adjoin New Zealand's most expensive road - the mansion-lined waterfront hideaway of Cremorne St - and were being offered in a combined sale.
They included a sprawling 1920s character bungalow, with six bedrooms, harbour views and a 2017 rating valuation of $5.1m, and a two-level 1960s block of nine flats with a RV of $4.4m.
Property experts say it's rare for such expensive property to come up for mortgagee sale.
Mortgagee sales take place when a bank or lender sells the house of a person, who was unable to meet the cost of paying their home loan.