This beach shack at 24 Pine Ave, Surfers Paradise sold for $1.35 million.
A GOLD Coast woman has beat a stack of developers in the race for a humble beach shack in Surfers Paradise.
The property at Budds Beach, a small pocket in the Glitter Strip, sold in an emotionally charged auction for a mammoth $1.35 million on Thursday.
The shack is on a prime piece of land at Budds Beach, Surfers Paradise.
Harcourts Coastal agent Katrina Keegan, who marketed the property alongside Penelope Nicholls, said the buyer was actually the first person who inspected the property during the marketing campaign.
She said she planned to retain the property at this stage.
“To be part of Budds Beach history and see it passed on to someone who loves it is beautiful,” Ms Keegan said.
“It will be one of the most memorable auctions I’ve done.”
he shack was one of the first houses built in Budds Beach, Surfers Paradise.
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Bidding started at $950,000 and eight bids later the property was sold.
“The buyer, who is local, actually knew the sellers and had run into them several months earlier and asked if they were selling,” Ms Keegan said.
“The sellers said yes and she said ‘I wish you all the best’.
“Fast forward and she ended up buying it.
“She beat a stack of developers for it.
“She loves the history of the house and what it’s about.”
24 Pine Ave, Surfers Paradise.
It was the first time 24 Pine Ave had hit the market in 70 years.
The sellers were siblings Frank Hall, Marylou Doody, and Veronica Tobin.
Their parents – the late Tom and Jewel Hall – built the shack in the 1952.
“The block of land was a wedding present for my parents from my grandfather,” Ms Doody, who lives in south Brisbane, said.
“My grandfather and father actually built the house.
“There was nothing else there when it was built, it was all swamp”
One of the bedrooms.
Mr Hall said he was unsure what his parents paid for the block, but said it would have been in pounds and probably “only three figures”.
He said his fondest memories as a child in the area were fishing and swimming in the river.
The family has watched over the years as the area transformed from having three-storey walk-ups to rows of high-rises along what is now known as the Glitter Strip.
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