Nathan and Rachel Walton moved to Mermaid Beach one year ago. Picture: Glenn Hampson
Nathan and Rachel Walton’s beachside dream was 15 years in the making.
But just over one year since securing their “perfect home” at exclusive Mermaid Beach on the Gold Coast, the couple is shifting back to NSW with their three children.
The teenagers didn’t adjust well to the interstate move, and the family’s happiness is top priority, the Waltons say.
Their multimillion-dollar contemporary home in one of Queensland’s richest beachside markets in going under the hammer on February 2, 15 months after they bought it.
They added a magnesium pool
The five-bedroom, three-bathroom home on Cronulla Ave is marketed by Ray White Burleigh Group agents, Daniel Donovan and Conner Malan.
Designed by BDA Architects, the double-storey house was newly built to luxury standard, while the Waltons have added a magnesium pool flanked by landscaped tropical gardens.
Mr Walton, a 49-year-old retail franchisee and keen surfer, said he craved the coastal lifestyle and the freedom of having the ocean at his doorstep.
“We just love it to death, we really do,” he said.
“The coastal vibe and the community — everyone is happy here and we wanted our kids to have that lifestyle, too.”
It was newly built when the Waltons moved in
Their enthusiasm, however, wasn’t shared by their children, Imogen, 19, Taj, 16, and Steele, 13, who were entrenched in their home community of Newcastle, 170km north of Sydney.
Imogen moved back in late 2023 to pursue a work opportunity.
“We were looking forward to moving up here for the last 15 years,” Ms Walton, 49, said.
“But it is not an easy move when you have older teenagers who have started to get their lives established. So we are putting family first and giving up on our Queensland dream for now.
“You only get one shot at being a parent; our kids are everything to us and we thought it was too important to look after them fully while they are still under our care.
“In a few years when the kids are ready to move on Nathan and I can reassess,” she said.
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PropTrack data shows the median value of houses in Mermaid Beach has dropped 20 per cent over the past 12 months to $2.63m.
But the central Gold Coast suburb, known for its ‘Multi-millionaire’s Row’ of ritzy mansions along the oceanfront, remains among the state’s most expensive beachside markets, just behind Surfers Paradise (median $2.92m).
Agent Mr Donovan said buyers were drawn to Mermaid Beach for the lifestyle it offered.
“People are moving to Mermaid Beach for lifestyle reasons, so just imagine — surfing in the morning, back home for breakfast on the patio, and a dip in the pool afterwards.”
Mermaid Beach is one of the state’s most exclusive beachside markets
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