Sky-high price for Tugun new-build sold under the hammer

Vantage at 15 Singh St, Tugun has sold
A TUGUN home with a designer al fresco area inspired by a top city hotel has sold under the hammer for $3.21 million, setting a new record for a non-beachside property in the southern Gold Coast suburb.
The newly built home at 15 Singh St drew a large crowd for the early morning auction, with five registered bidders taking the price to the highest ever paid for a single residential lot on the western side of the highway.
Harcourts auctioneer Rob Forde fielded the opening bid of $2m, with a total of 54 bids notched up for the five-bedroom, three-bathroom luxury home named ‘Vantage’ for its elevated position capturing ocean views.
Marketing agent Ed Cherry, of Harcourts Coastal, said the buyers were a local family who would relocate from the nearby hotspot of Burleigh Heads.
Contemporary styling
The upstairs lounge with ocean views
“The sale sets a new benchmark for Tugun,” Mr Cherry said.
“For these buyers, the appeal was not only the benefit of moving into an incredibly high-quality architectural new build, but also because Tugun has been deemed as an up-and-coming cosmopolitan beachside precinct like Burleigh, with comparable amenities like the boutique shops, restaurants and cafe scene, but with less populated beaches,” Mr Cherry said.
Vantage was the first personal project of its calibre for owner-builders Adam and Natasha Harrison, of H&H Construction, and designed by Reece Keil Architects.
The home on a 508sq m lot combined striking angles with textures including brick, polished concrete, timber and natural stone, while the glamorous interiors and poolside lounge area were inspired by chic city hotels like the Calile, in Brisbane’s Fortitude Valley.
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It’s an entertainer’s dream, with the open-plan kitchen and living areas on the lower level leading out to the al fresco zone.
The pool is surrounded by crazy pavers, built-in day loungers, low-maintenance lawns, and a custom-rendered outdoor kitchen and barbecue area complete with ethanol fireplace.
There’s private entry beside the guest bedroom downstairs, then a glass-sided oak staircase leads upstairs to a light-filled second living area and another three bedrooms — two have balconies with hanging gardens — plus a a home office or fifth bedroom.
The home has five bedrooms
The master bedroom is tucked away in a corner like a private sanctuary, with a freestanding bath in the open ensuite, floor-to-ceiling windows, and a walk-in robe.
Mr Cherry said Tugun remained an under-valued market, presenting oppoortunity for buyers with a long view to invest in pockets set for future gentrification.
“I think it is an exciting time to be a buyer as there are definitely some sales being released below market value,” he said.
“However, highly desirable homes and location will always maintain momentum.”
PropTrack data shows house prices in Tugun were up 26.3 per cent over the last 12 months to a median of $1.2m.

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