This rare 15 metres of water in Adelaide costs more than a Melbourne house

The buyer of this unusual block had better have sea legs.

A rare 15.1-metre marina berth in a cosmopolitan waterfront suburb in Adelaide is on the market for $1.1 million.

For $70,000 more than the median price of a Melbourne house, and $300,000 less than Sydney’s median, a buyer will score the perfect place in inner-city Glenelg to park their craft.

The sum is also double the median price for a Glenelg unit, which command $525,000 (an increase over 12 months of 1.9 per cent), according to the latest Domain data.

306/4 Holdfast Promenade, Glenelg, South Australia

$1,100,000.00

306/4 Holdfast Promenade, Glenelg SA 5045

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The berth is part of the Holdfast Shores Marina, part of a popular city beach and entertainment area only a few clicks from the CBD.

Described in the Domain listing as “tightly held and prestigious”, the marina has 59 freehold berths, with waterside restaurants, vibrant nightlife and shoreline play areas making it drawcard with tourists and locals.

The berth has running water, electricity and “fuel facilities”, with-24 hour access.

The agent looking after the listing is Alexi Broikos of Refined Real Estate.

Boaties with a smaller budget could look at another berth available in the same marina complex, also listed on Domain, at 325/4 Holdfast Promenade.

For $375,000, the 13-metre long, 5.75-metre wide berth also has 24-hour access.

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