Under the hammer: Auction success on the Currumbin beachfront

Currumbin is in the spotlight this week with two beachfront properties selling under the hammer for a combined $17 million.

A former prize home in Currumbin that was only won four weeks ago sold for $9.2 million in the first of two showstopper auctions.

14B Darwalla Avenue, Currumbin.

Five bidders battled it out for the keys of the luxury property at 14B Darwalla Ave.

Ray White Qld chief auctioneer Gavin Croft took a $7m opening bid before a Gold Coast buyer ended up triumphant after a “fast and furious” auction.

“There is strong depth from local buyers looking to secure this style of beachfront asset,” Mr Croft said.

The house spans three levels and is one of just 10 beachfront homes in the coveted southern Gold Coast suburb.

It comes after the neighbouring property — 14A Darwalla Ave — which was also a prize home won in October, 2022, sold for $7.2 million in August.

696 Pacific Pde, Currumbin.

Just up the road and a property described as a ‘landmark address’ was offered to the market for the first time in 40 years.

The beachfront pad at 696 Pacific Pde had been in the same family since 1980 — they paid $113,000 for the 850sq m block.

It sold for $8.05m under the hammer to a Gold Coast buyer.

Nine bidders lined up with bidding also starting at $7 million.

The Melbourne-based vendors spent many vacations at the property when it wasn’t rented out as a holiday rental.

The property includes a duplex with a huge lawn opening to 16m of beach frontage.

Ray White Tugun principal John Parkes marketed both properties and said there were big crowds at both auctions.

“We had a mix of buyers across the board but it was predominantly locals leading the way in Currumbin in that prestige market,” Mr Parkes said.

“It’s a tight knit community that’s really driven by locals.”

The highest sale in Currumbin is $11.3 million in 2021 for a luxury house at 16 Darwalla Ave.

It was not on the market but sold after an approach to the owner.

Article source: www.realestate.com.au

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