The three-bedroom, three-bathroom home is located at 98 Stafford Street, Gerroa, on the NSW south coast.

Overlooking Seven Mile Beach, 'Kiamanzi' (which is Zulu for 'house on water') has a price guide of $3.9 million to $4.1 million.

Surf star Fitzgibbons and singer/television personality Sebastian both own homes on the same side of Stafford Street, a highly sought-after part of the South Coast.

"But this listing is a little bit closer to the steps at the south end," selling agent, Belle Property Berry principal Gary Dale said.

The home, offering panoramic views, sits on a 588sqm block.

The property is owned by Clive and Kerry Rabie.

Now retired, Mr Rabie was the group CEO of accounting software maker Reckon.

Mr Dale said the sellers, who built the property a decade ago, had used the home as a holiday house.

Mr Dale said they had extensively utilised the property, but were now selling to be closer to their children, who live overseas.

"They're going to spend half their time in London and half their time in Sydney now," he said.

Mr Dale said the property offered a "seamless" connection between indoor and outdoor living, which captures afternoon sea breezes, stunning sunsets over the mountains and showcases amazing beach views.

"Sophisticated and elegant, it is custom-designed with an emphasis on a modern, timeless and open-plan design," he said.

"The beauty of this luxurious beach house is matched only by its breathtaking location.

"Walk out onto the lawn, down natural rock steps and into action - whether relaxing strolls along the beach or surfing virtually in your own backyard at one of the best and consistent left-hand point breaks on the coast."

Constructed of rendered full-brick, the property also features secure watercraft storage located on the ground level; a high-end kitchen; custom Travertine floors; and a separate family/media room.

Inspections by appointment only.

Illawarra Mercury