A 136 sq. meter, five-room residence with a 16 sq. meter balcony within the Sea Aviv venture within the newly deliberate Shirat Hayam seafront neighborhood in Netanya has been bought for NIS 8.05 million.
Shirat Hayam might be a brand new, small and unique neighborhood overlooking the ocean. The neighborhood is to the west of the Hashlulit Park and north of the Iris Nature Reserve. In August 2023, the Israel Land Authority (ILA) marketed six tons for 749 housing items in 16-19 ground towers. However then one thing attention-grabbing occurred, Whereas ILA assessors had valued the land at NIS 1.23 billion earlier than VAT, bids solely reached NIS 790 million – solely 66% of the ILA’s estimated worth. The rationale was that the tender was issued on the low-point in 2023 after the Financial institution of Israel had hiked rates of interest, and residential costs and the variety of offers had been falling.
Final 12 months, the development modified and residential costs rose, however this 12 months they’ve fallen once more, and the query that arises is how the businesses worth the flats within the neighborhood, which provides a uncommon sea view. A detailed examination exhibits that solely Aviv-Melisron has begun advertising its venture within the neighborhood at a mean worth per residence of round NIS 53,000 per sq. meter.
Costs in Shirat Hayam ought to be in contrast with properties in Netanya’s luxurious neighborhood of Ir Yamim to the south of the Iris Nature Reserve, and costs in Internet-600, which is a few kilometer to the north. House costs in Ir Yamim have reached about NIS 48,000 per sq. meter, and in Internet-600 a small variety of offers have been accomplished at NIS 38,000 per sq. meter.
For additional comparability, tons of of meters north of the Aviv-Melisron venture, one other coastal venture is being marketed, which isn’t included in Shirat Hayam, and offers have been closed at NIS 45,000 per sq. meter.
Sea Aviv by Aviv-Melisron, in Shirat Hayam is within the southwestern a part of the advanced, in order that the view from it can stay open to each the ocean to the west and the Irisim neighborhood to the south, making it a venture in a premium location within the advanced.
Upon completion, the venture will embrace two towers of 15 and 16 flooring, together with 125 3-6 room flats, enormous backyard flats and penthouses with non-public swimming pools, all inside straightforward strolling distance of the ocean.
To the west of the venture, on the cliff, a resort might be constructed that might be constructed to the peak of the cliff and subsequently won’t obscure the view from the flats.
The deal represents a worth of NIS 56,000 per sq. meter, which is about 5% increased than the typical worth of flats within the venture. The hole ought to be attributed to the ground – the thirteenth ground out of 15 flooring – and the open view.
One of many penthouse flats within the venture was bought final week for NIS 15.9 million, and general it appears that evidently the value of this residence and the value of different flats within the venture, and between the costs of flats within the venture and costs of flats in different luxurious seafront neighborhoods in Netanya, are affordable.
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Realtors Tomer and Ido Sinai from Sinai Properties Group, who acted within the deal stated, “The consumers – a pair of their 60s from New York – are planning to make use of the residence as a trip dwelling. The worth is certainly the market worth. The land reserves on Israel’s shoreline are operating out they usually purchased in a successful location, not removed from Herzliya and Tel Aviv, the place costs are double.”
Aviv Melisron CEO Tzachi Didi stated, “The Sea Aviv venture in Shirat Hayam is a luxurious venture in a novel location, first line to the ocean, within the coronary heart of a brand new neighborhood that has been rigorously deliberate, and is anticipated to develop into the Netanya Riviera. It is a basic Aviv-Melisron improvement venture, which guarantees consumers an opulent residing expertise and prime quality of life. We’re proud to be the primary to go available on the market within the neighborhood, which is anticipated to develop into some of the sought-after within the metropolis.”
Printed by Globes, Israel enterprise information – en.globes.co.il – on November 3, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
