A luxurious Palm Spring-style waterfront home at Lake Macquarie's Bolton Point has smashed the suburb's residential sale record.

The sale price, which is undisclosed, is believed to have reached a little over the $3 million asking price.
A luxurious Palm Spring-style waterfront home at Lake Macquarie's Bolton Point has smashed the suburb's residential sale record.

The sale price, which is undisclosed, is believed to have reached a little over the $3 million asking price.