A luxury family home in Queensland is being referred to as the Gold Coast’s “best before and after” and is expected to sell in days.
The bold claim is made by Ray White Burleigh Group agent Travis Miller, who holds the listing for the four-bedroom, two-bathroom abode at 12 Bowline Road, Mermaid Waters.
Miller tells Nine negotiations are underway after the home passed in at auction on October 14 for $2.1 million. He expects a sale to go through in days.
The vendors purchased the deceased estate on the site for $1.15 million in March, knocking it down to build a designer house from scratch.
The existing home was a hoarder’s house, with the previous owner having spent 45 years collecting furniture, mounds of rubbish and belongings before he passed away.
Called Casa Al Mare, the new abode takes on a coastal feel with its crisp whitewashed walls, curved archways, floorboards, sheer drapes, timber cabinetry and gold accents.
There are not one but three entertaining zones, including a poolside terrace with outdoor kitchen and barbecue.
The exterior is sleek and modern with a lush garden and a high fence for privacy.
“I’m calling it – this is the Gold Coast’s best before and after,” Miller previously said in a statement.
“It was obviously in quite a condition when the vendors bought it as a deceased estate and they had multiple options at the time, but they decided to start from scratch and the finished product speaks for itself.”
Miller was the same agent who sold the deceased estate to the current owners. Domain’s property history reveals it sold as land value only for $1.15 million in March.
While there are no photos available of the hoarded rubbish and belongings, the listing for the deceased estate shows a retro kitchen with peeling lime green wallpaper, vinyl floors, dated carpet and what appears to be mould on the ceilings of the bedrooms.
The new designer abode went to auction without a price guide. Queensland law prohibits agents from setting price guides for homes going to auction.
Domain’s House Price Report for the June 2023 quarter reveals the median house price for Mermaid Waters is $1,475,000. This marks an 8.3 per cent increase year-on-year.
Miller sees great potential in the suburb, adding in a statement that “it’s still peaking and should be a $2 million suburb within a few years”.
The home that’s in negotiations is just moments from the beach, cafes and schools.
Article source: www.nine.com.au