"There are so many happy memories, experiences and fun that the whole family has had over so many years. We hope the next owner(s) enjoy the great lifestyle and spaces that this very special property offers," she said.
"If we were good we would be allowed to ride up the long dirt driveway holding onto the sideboards of Grandpa's Model T Ford."
The property had a $5.36m council valuation.
The house sits just two doors down from the former Beach Rd property of award-winning weightlifters Tony and Jenni Ebert.
This photo from 2018 showing the Eberts' former vacant block up for sale just up the road from this week's $5m Beach Rd sale. Photo / Supplied
The Ebert's former clifftop home burnt down in 2015 and was eventually sold as a vacant block three years later.
Tony Ebert won gold at the Commonwealth Games in Christchurch in 1974 in the men's middleweight division. Four years earlier, at Edinburgh, he won silver. He also competed at the 1972 Summer Olympics in Munich.