Gold Coast real estate: Tugun property sells for $10.05 million at auction

620 Pacific Pde, Tugun sold under the hammer for $10.05 million.
A beachfront stunner in a quiet suburb on the southern Gold Coast sold under the hammer for $10.05m on Wednesday, smashing the suburb record by almost $1m.
Five bidders lined up for the keys to 620 Pacific Pde, Tugun with auctioneer Justin Nickerson, of Apollo Auctions, taking a $5m opening bid.
Soak up that view!
Ocean views form every room.
“Bidding went up to $9.6m and paused for negotiations with the highest bidder before it was eventually sold at $10.5m,” Mr Nickerson said.
“It sold to a local buyer who was looking at property for a while.
“The house is right on a northeast corner with 20m of beach frontage, it’s a great spot.”
Make a splash in the pool.
There’s plenty of space to relax and unwind.
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The sellers built the tri-level house in 2009, after buying the block for $2.948m in 2008, property records reveal.
The modern five-bedroom home is packed with features with entertaining and relaxation zones on each level as well as a rumpus room, cinema, wet bar, teppanyaki hotplate, rooftop terrace, solar-heated pool and sun deck.
The third level includes a wet bar.
The sellers built the house in 2009.
Marketing agent Troy Dowker, of Kollosche Broadbeach, said the property offered a “dream coastal lifestyle”.
“This tri-level beach house shimmers directly opposite Tugun’s sand and surf, embracing sweeping vistas from Coolangatta to Surfers Paradise,” the listing states.
“Set on a rare northeast-facing corner block, it commands an impressive 20m ocean-view frontage, promising effortless living and an endless summer lifestyle.”
Another area to relax.
The sale sets a new benchmark for Tugun — the previous highest sale was 662 Pacific Pde which sold for $9.1m in June, 2022, property records reveal.
Another property at 670 Pacific Pde also sold for $9.1m, but in March, 2023.

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