Gold Coast top sales of the week
The Gold Coast has notched up two suburb topping-sales and some cracking beachfront results heading into the last official week of the spring selling season.
Headlining the top sales, a sprawling near-new Mermaid Waters property known as the White House sold for $7.3m — breaking the record for the most expensive residential sale in the popular suburb by $2m.
At Bilinga, a three-level Hamptons-style home changed hands for $7.75m in an off-market deal — also a record for the southern coastal enclave.
Then at Burleigh Heads, 8 bidders competed for the keys to a glamorous full-floor apartment. It went for $4.75m, an uplift of $800,000 from the last time it sold just one year ago.
The White House at Mermaid Waters.
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Surfers Paradise was another hotspot for buyers wanting to stake their claim on the sand by summer, with a full-floor renovated sub-penthouse in the Madison Point building on Main Beach Parade snapped up in seven days for $4.85m.
Those four top sales totalled $24.65m combined.
A crowd of about 100 people gathered for the auction of 43 Markeri St, Mermaid Waters, with 14 bidders in line for the coastal showstopper.
It sold to a local buyer following a 15-minute marathon of 61 bids.
Burleigh Heads always pulls the crowds
The interstate vendor profited $800,000 in one year
The 2020-built home on a 1222 sqm block offered wide canal frontage and features including a pontoon, infinity-edge pool, hot and cold plunge pools, home gym, cinema, entertaining zones, and guest retreat.
It was marketed by Kollosche agents Taylor Kleinberg and Jamie Harrison.
At Bilinga, Ed Cherry, of Harcourts Coastal, negotiated the sale of a five-bedroom, four-bathroom home at 232 Pacific Pde, Bilinga.
The luxury two-year-old build featured stylish Hamptons-inspired interiors and wide al fresco areas capturing ocean views across the road.
The Bilinga property sold off market
And at the holiday hotspot of Burleigh Heads, a Queensland-based buyer took the keys to a full-floor apartment in the residents-only Element building, at 33/106 The Esplanade.
Harcourts Coastal Prestige agent Tolemy Stevens marketed the three-bedroom, three-bathroom beach pad for auction, with strongest interest from interstate buyers.
Rob Forde fielded offers from eight registered bidders. The opening bid was $3.5m.
Property records show the 10th floor home last sold for $3.95m in November 2022.
“It shows the strength of the beachfront market in Burleigh Heads and the Gold Coast where the demand for luxury apartments is outweighing supply,” Mr Stevens said.
“It was great to seeing a local Queensland buyer finally getting ahead of the fierce competition from interstate bidders at the auction.
“I have multiple buyers with cash burning in their pockets all looking for the same thing, but stock levels are concerningly low and I don’t have anything more to sell them.”
Sub-penthouse in the Madison building, Main Beach Parade Surfers Paradise
It was snapped up in 7 days
Mr Stevens predicted further price hikes while listings remained below seasonal averages across southeast Queensland.
The Surfers Paradise sub-penthouse, one of 15 residences in the building and featuring a marina berth, was sold by Russell and Bob Rollington, of Surfers Paradise First National.
“Beachfront stock is extremely tight at present and sellers are taking advantage of this,” Russell Rollington said.
“We have buyers looking for absolute beachfront or beachside residences priced from $750,000 up to $15m on our books and limited supply.”
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