A vacant block overlooking the beach at Redhead will be one of the most expensive single residential lots ever sold in Newcastle if it fetches its asking price.
The elevated 645-square metre block in Ebsworth Street is on the market for "offers over $3 million".
A search of property records shows two vacant lots in Parkway Avenue, Bar Beach, and Hillcrest Road, Merewether, sold for $5.5 million and $4 million respectively in March last year.
But few, if any, vacant urban blocks have sold for more than $3 million in Newcastle outside the Merewether-Bar Beach strip.
Robinson Property agent Natalie Francis said $3 million would "definitely" set a new record for Redhead.
The sloping block has views south over Redhead beach and is about 100 metres from the surf club.
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