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The Goolwa South property at 107 Barrage Rd has been owned by the same family for more than seven decades. Picture: realestate.com.au

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A waterfront shack on a tightly-held strip in one of SA’s most popular coastal holiday hot spots has hit the market for the first time in 71 years.

The Goolwa South property at 107 Barrage Rd has been owned by the same family since 1951.

Now the five siblings who inherited it from their father, one of the original owners, have decided to sell it in a move househunters are proving to be grateful for.

Selling agent Nathan Fry, of Ray White Goolwa-Victor Harbor, said it was attracting plenty of interest.

It’s in a prime position on a tightly-held strip. Picture: realestate.com.au

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It has stood the test of time. Picture: realestate.com.au, circa 1957.

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“It’s generally the Adelaide market and the locals who have showed interest so far,” he said.

“It has sparked a lot of interest from locals because they known that site – a local person has already made an offer.”

Facing Hindmarsh Island, the 681sq m block has panoramic views from the Goolwa Regatta Yacht Club and Goolwa Wharf to the Goolwa Barrage and sand dunes.

“It’s a fantastic sport on the river there – although there has been a sale just recently on Barrage Rd, we don’t get too many coming on to the market at any one time,” Mr Fry said.

“I just don’t think you’ll find a better spot than this one.”

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Mr Fry said while the shack was liveable, it would likely be demolished to make way for a more modern residence.

“Although it’s usable, we’re just focusing on the position and the site,” he said.

Vivian Stockwell, one of owners, had fond memories of family holidays at the property, which her father purchased with her uncle and great uncle then built the shack.

“Dad transported some ready made frames and it was only two large rooms,” she said.

“We used the wood stove in the shed until the kitchen, bathroom and another small bedroom were added.”

It has provided a stunning view of the water for decades. Picture: realestate.com.au, circa 1957.

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She said the then “sleepy little town” of Goolwa had a small fishing fleet and her father would count seagulls over the vessel’s sails to determine whether it was worth heading down to the wharf to buy his favourite food – “the freshest of butterfish”.

“The most exciting thing for me was the trains, or maybe the Port Elliot drive-in,” she said.

“Back then we had an uninterrupted view of the railway station and tracks.

“And then there were the speedboat races right out in front of us, and they were fast and noisy and we enjoyed those for a few years.

“Such lovely memories.”

While still a little bit reluctant to sell, Ms Stockwell said it was the right time for her and her siblings.

The property is in a suburban neighbourhood zone so it could be subdivided and redeveloped, with council consent, or a new house could be built there.

Expressions of interest for the property close on January 31.