‘I’m off to Spain!’ $1m price drop on Hyams Beach whaler’s cottage

57 Cyrus St, Hyams Beach has seen its price drop from $2.35m-$2.45m to $1.45m. This cute Hyams Beach whaler’s cottage with ocean views has been on the market for 60 days. It’s now had a sudden $1m price drop. Interior designer Victoria Lillrud originally had a guide of $2.35m-$2.45m with Ray White’s Julie Gauci but then last week the guide for the one-bedder at 57 Cyrus St dropped to $1.45m for an August 18 auction. “The vendor just wants it sold, she’s off to Spain,” says Gauci. This writer attended last Saturday’s open on the south coast and it was hard not to be impressed by the quality of the fit-out, which cost more than $350k, let alone the view across Jervis Bay to Point Perpendicular from the entertainment terrace. MORE: Green light for Nicole Kidman cinema project The cottage retains its original circa 1926 facade. But it’s been completely transformed inside. It’s close by the world-famous beach. Not surprisingly, someone offered $1.4m to snap it up straight after the open home. The next day, they upped it to the $1.45m guide. Then yesterday, a couple from the Southern Highlands dropped in and immediately offered $1.5m. Gauci says Lillrud’s weighing up her options, accepti...