Savills's listing reads: "The property represents a once-in-a-lifetime opportunity to take on and finish the specification and fit out of one of the UK’s most spectacularly situated coastal homes.
"The bespoke design has been brought to life through impressive engineering, with the building being anchored to the bedrock, blending whitewashed elevations with steel and glass, culminating with a lighthouse feature at one end giving almost 360-degree views of the coastline.
"The position combines privacy with a diverse range of breath-taking views, all set in around 3 acres, which includes a large area of foreshore, a private tidal beach area and coves."
The property is set in three acres of land and is equipped with an infinity pool and a hot tub as well as a spacious driveway.
Nic Chbat, director of Match Property estate agents in North Devon, who previously assisted with finding a buyer last year said at the time the sale stalled after the timeframe for the sale "expired".
He added the previous buyer was “still wanting to buy the property,” and the sale was still expected to proceed.
The new listing though would suggest the purchase was never made with the sale now being handled by London-based estate agents Savills.
A spokeswoman for both Savills and the receivers Bellevue Mortlakes said: "The sale represents a once-in-a-lifetime opportunity to purchase one of the UK’s most spectacularly situated coastal homes and for the buyer to put the finishing touches to the property’s interior to their own specification.
“The current sale price (offers in excess of £5.25m) represents fair value noting the prevailing economic and heterogeneous nature of this opportunity.
"The property has panoramic sea views and is set in grounds of over three acres, including foreshore and a tidal beach, with accommodation extending to over 6,260 sq ft.
“The detached guest lodge/holiday let accommodation extends to about 1,270 sq ft and is included in the sale price.
“Subject to registration with the agents, the receiver has provided an extensive suite of information and supporting documentation relating to the building's history, construction and title, which are available via an online data room."