A Gold Coast prize home winner has won again thanks to the state’s Covid property boom, cashing in her prize for almost $1 million more than what it was valued for.
The owner, who wants to remain unnamed, sold her Broadbeach Waters mansion last week for $2.4 million through Ray White Burleigh Group.
Yourtown priced it at $1.6 million when the draw was held in 2020 – that’s an increase of $800,000 on her original prize.
What a prize: The house at 1A Winterhaven Key, Broadbeach Waters.
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“It was like I’d won the home twice,” she said.
“I was over the moon, obviously, when my ticket was drawn a couple of years ago but when I got the offer, I was ecstatic.
“It means I can retire early.”
Originally from Perth, and with the WA border closed, the owner had to wait almost a year to move into the prize home but immediately fell in love with the place, enjoying the Gold Coast lifestyle for the past year.
Inside the Broadbeach Waters prize home.
She’s now, however, moving back to Perth to be closer to her children.
“To win a $1.6 million home in the first place is great but to sell it for $2.4 million is an absolute dream,” said Ray White Burleigh Group co-principal Tiger Malan.
“She bought the ticket for $15, so that’s not a bad return on some loose change – which ultimately went to charity.”
The property at 1A Winterhaven Key has four bedrooms, three bathrooms, a rooftop terrace and plunge pool.
It was scheduled to go to auction but sold beforehand through agents Troy Fitzgerald and Geoff Copping.
Entertain in style.
“You could say the owner got lucky twice with the market booming so much in the time since she won it,” Mr Malan said.
“It’s a spectacular property, so we had a lot of interest.
“I know for a fact at least some of those who looked through it had bought a ticket in that same draw, so clearly they liked the home.”
According to realestate.com.au, the median house price in Broadbeach Waters jumped from $1.29 million in 2020 to $1.55 million at the start of 2022.
“It’s been said before but people are desperate to live on the Gold Coast so it’s that demand that’s driving prices,” Mr Malan said.
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