MONA VALE BEACH HOUSE WITH RARE DIRECT BEACH ACCESS HITS THE MARKET
This four bedroom coastal classic has been remade for modern living, delivering 270 degree ocean views and rare direct beach access.
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A beautifully renovated New South Wales home in a never-to-be-built-out location by the beach is on the market.
The property at 61 Hillcrest Avenue, Mona Vale, in New South Wales, has a price guide of $7.5+ million and is being marketed by Ray White Northern Beaches agents Emma Blake and Sasha de Bilde.
The property is set to go to auction on October 26.
Ms Blake said the “historic home” with direct beach access was set at the end of a cul-de-sac in one of Mona Vale’s most prestigious streets.
“The property is in a never-to-be-built-out position and there are large open plan living spaces looking out to Mona Vale Beach and beyond,” she said.
“The elevated position offers uninterrupted 270-degree views across Mona Vale Beach, the ocean horizon, and surrounding headlands – with expansive open-plan living spaces designed to embrace the coastal lifestyle.”
The home was once owned by local surf entrepreneur Shane Stedman, founder of Shane Surfboards and credited with popularising the Ugg boot in Australia.
Over the years, the property became something of a local icon – hosting several well-known guests, including Richard Branson.
In 2021, the home was purchased by Justin Riddett and his family, who were living in Singapore at the time.
Together with design firm Whitney & Co and Northern Beaches Constructions, the owners undertook a major renovation that transformed the home into a contemporary beachside haven while preserving its original character.
The four-bedroom, two-bathroom home features a high-quality build with thoughtful architectural enhancements, blending timeless coastal charm with modern functionality.
The renovation was led by Julie Fisk of Whitney & Co and Elliot Ryan of Northern Beaches Constructions, in close collaboration with the owners.
“From the outset, we wanted to honour the spirit of the home while elevating it to a new standard,” Mr Riddett said.
“The result is something truly special – a place where our family has thrived and connected deeply with the beach and community.”
While the family is ready to downsize, Mr Riddett said the lifestyle will be hard to leave behind.
“Most days the kids and I go to the beach after school – there’s no road to cross,” he said.
“For us, this house was about the kids, and I think it would best suit another family who can enjoy its location just like we have.”
The property’s location is unmatched – one of the few homes in the entire Northern Beaches with direct beach access and panoramic views, he said.
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Mosaic Property Group has made its long-anticipated move into South Brisbane, acquiring a $30 million north-facing riverfront site at 91 Montague Road for what will become its largest project to date, with Stage 1 expected to carry an end value of around $500 million.
The 4,282-square-metre parcel, purchased from the Schiavello Group through Knight Frank’s Christian Sandstrom, commands 35 metres of uninterrupted Brisbane River frontage and sits in the city’s cultural heart, with access to West End and the CBD.
The site adjoins a precinct earmarked for new parkland, housing, and cultural infrastructure, putting the development at the centre of Brisbane’s next wave of riverside regeneration.
Mosaic has begun concept planning with Bureau Proberts for a luxury, owner-occupier-focused tower consistent with its flagship projects across South-East Queensland.
Founder and Managing Director Brook Monahan said the acquisition represented a pivotal step in the company’s growth and its evolution as a leader in the luxury residential market.
“This is one of the most extraordinary opportunities we have ever secured — a once-in-a-generation riverfront site that gives us the platform to deliver something truly transformative for Brisbane,” Monahan said.
He added that Mosaic’s vertically integrated model and disciplined site-selection strategy had been key to maintaining momentum despite industry headwinds.
“Escalating costs, tighter finance, planning complexity and labour shortages are causing many projects to stall or be shelved. Mosaic’s vertically integrated model and disciplined approach — targeting only the most exceptional locations where people genuinely want to live — has enabled us to continue bringing projects to life.”
Founded in 2004 and rebranded in 2012, Mosaic has completed more than 70 projects worth over $2 billion and has another $2 billion pipeline secured. This year alone, the group has delivered five luxury developments totalling $580 million and currently has six active construction sites worth $1.35 billion.
Monahan said Mosaic’s philosophy remained customer-first. “We had to learn to crawl before we could walk — steadily building capability, growing our people, refining our model, investing heavily in our business, and deepening our understanding of what customers truly value.”
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