A 136 sq. meter, five-room residence with a 16 sq. meter balcony within the Sea Aviv mission within the newly deliberate Shirat Hayam seafront neighborhood in Netanya has been offered for NIS 8.05 million.
Shirat Hayam will likely 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 heaps 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 explanation 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 have been falling.
Final yr, the development modified and residential costs rose, however this yr they’ve fallen once more, and the query that arises is how the businesses value the residences within the neighborhood, which gives a uncommon sea view. A detailed examination exhibits that solely Aviv-Melisron has begun advertising its mission within the neighborhood at a median value per residence of round NIS 53,000 per sq. meter.
Costs in Shirat Hayam must be in contrast with properties in Netanya’s luxurious neighborhood of Ir Yamim to the south of the Iris Nature Reserve, and costs in Web-600, which is a couple of kilometer to the north. Dwelling costs in Ir Yamim have reached about NIS 48,000 per sq. meter, and in Web-600 a small variety of offers have been accomplished at NIS 38,000 per sq. meter.
For additional comparability, a whole lot of meters north of the Aviv-Melisron mission, one other coastal mission 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 is going to stay open to each the ocean to the west and the Irisim neighborhood to the south, making it a mission in a premium location within the advanced.
Upon completion, the mission will embody two towers of 15 and 16 flooring, together with 125 3-6 room residences, large backyard residences and penthouses with non-public swimming pools, all inside simple strolling distance of the ocean.
To the west of the mission, on the cliff, a lodge will likely be constructed that will likely be constructed to the peak of the cliff and subsequently is not going to obscure the view from the residences.
The deal represents a value of NIS 56,000 per sq. meter, which is about 5% greater than the common value of residences within the mission. The hole must be attributed to the ground – the thirteenth ground out of 15 flooring – and the open view.
One of many penthouse residences within the mission was offered final week for NIS 15.9 million, and general it appears that evidently the worth of this residence and the worth of different residences within the mission, and between the costs of residences within the mission and costs of residences in different luxurious seafront neighborhoods in Netanya, are cheap.
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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 value. The land reserves on Israel’s shoreline are working 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 mission in Shirat Hayam is a luxurious mission in a novel location, first line to the ocean, within the coronary heart of a brand new neighborhood that has been fastidiously deliberate, and is anticipated to turn into the Netanya Riviera. It is a basic Aviv-Melisron growth mission, which guarantees consumers an opulent residing expertise and top quality of life. We’re proud to be the primary to go available on the market within the neighborhood, which is anticipated to turn into some of the sought-after within the metropolis.”
Revealed by Globes, Israel enterprise information – en.globes.co.il – on November 3, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
