The 5-bedroom, 4-bathroom home at 44-52 Blue Ocean Drive is set on a spectacular 8.5 acres.

It is set in an exclusive seaside neighbourhood with a prized hilltop setting that offers panoramic views up and down the coastline, including the famous Byron Lighthouse.

Nick Bordin, Managing Director of Elders Lennox Head, has put the property on the market with a guide price of $20 million.

If the property sells for that level, it will break the record for the suburb, which was set when 8 Byron Bay Road was sold in December 2021 for $14.1 million.

Mr Bordin described the property as one of the most exclusive on the east coast of Australia, and comes with building plans and development consents for eight parcels of land, making it very expensive.

He explained that the plots could be subdivided and sold individually if the buyer wished.

Mr Bordin said the plots, which range in size from 690 square metres to 1,200 square metres, would also offer potential owners the potential to build eight luxury homes. Several of the plots enjoy stunning sea views and they will all be highly sought after.

The custom-designed home itself embodies a restrained elegance befitting the location, and the extensive custom touches are the icing on the cake.

It has an open-plan living and dining area that opens effortlessly onto an ocean-facing terrace.

The floor plan is very versatile and there is no wasted space, says Mr Bordin.

Spacious bedrooms, media rooms and separate studios mean a large family can easily spread out and enjoy the home in comfort, while a separate office provides an excellent remote working environment for professional couples.

Outside, lush level lawns, entertaining areas and a 12 metre x 4 metre heated pool are the perfect opportunity to enjoy a relaxed coastal lifestyle.

First class amenities such as electronic blinds, ducted reverse cycle air-conditioning and a 14kW solar power system are readily available.

This incredible property is within walking distance of Lennox Village and the beach, close to the airport and the iconic surf zone.

Mr Bordin says he has already received strong interest from local, interstate and international buyers.

The closing date for expressions of interest for properties 44-52 Blue Seas Parade is Thursday 24 August.