A SPECTACULAR Wodonga home could reclaim the mantle for the highest price paid for a residential property in the city on Saturday.
The luxury four bedrooom home complete with two kitchens, gymnasium, theatre and indoor and outdoor pools in Caernarvon Court sold for $1.5 million in 2010, which eclipsed the previous record of $1.06 million paid in 2007.
But another high quality Wodonga home in McGaffins Road was sold in early 2017 for a new benchmark of $1.74 million.
Agents Stean Nicholls will auction 6 Caernarvon Court at 2.30pm.
"It's one of the highest points for a residential property in the entire Albury-Wodonga area," agent Jack Stean said.
"You've got almost 360 degree views.
"In today's building costs, the cost to replace what is already here would be very significant.
"It has been very well built and very well designed.
"Just by walking through the property you can tell there has been a very high attention to detail."
There is also a downstairs self-contained apartment with large bedroom, bathroom and kitchen plus cinema, wine cellar and three-car garage.
Mr Stean said there had been 40 inspections of the property set on three acres in the lead-up to the auction.
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Another home in Caernarvon Court sold two years ago for $725,000.
The Caernarvon Court home, which could sell for around $2 million, was built in 2002 by Wodonga builders Contemp Homes after being designed by Gary Gray.
Four years after it was originally built it was put on the market for $2.5 million, but didn't sell.
A similar standard property in the same area of Wodonga is also for sale presently and might also nudge the $2 million mark.
The two level Donnington Court home featuring at least five bedrooms is being sold via expressions of interest by agents Chapman, Gould & May.
The median house price in Wodonga is presently $334,500.
The record for an Albury property is more than $2 million for a home in Fellowes Crescent, which was sold in 2011.
It bettered the previous mark achieved for a property in Wyse Street which sold for $1.9 million in 2006.