New chapter set for Kings Beach landmark

A landmark corner site overlooking Kings Beach, owned by one family for more than a generation, is set to change hands when it goes under the hammer.

Natascha Drexel-Munro and Carola Drexel will say goodbye to their beloved family home at Kings Beach when the prime site goes to auction. Picture: Patrick Woods

A landmark corner site overlooking Kings Beach, owned by one family for more than a generation, is set to change hands when it goes under the hammer.

The site, 36 Esplanade Headland, comes with three commercial buildings and an apartment above and will go to the market for the first time in 36 years.

It was in 1983 when owner Carola Drexel purchased the block for $658,000, according to CoreLogic, and the surrounding park became the family playground.

Both Carola and her daughter Natascha Drexel-Munro are agents of Ray White Caloundra who are sharing the sale of their beloved property.

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It goes to auction on December 3.

Natascha Drexel-Munro and Carola Drexel outside the property at 36 Esplanade Headland. Picture: Patrick Woods

Ms Drexel said the potential for the site was unique given it comes with a 21m building height - compared to 15m of its neighbours.

As she prepared to say her final farewell to the property, she said it was bittersweet but she was looking forward to the site's next chapter.

"We see the site for an array of options. We just hope whoever gets hold of it loves it as much as we do," Ms Drexel said.

"I see it as a landmark. It is a landmark. Whatever is built needs to be something that people will go to and remember.

A prime corner site at Kings Beach has come onto the market for the first time in nearly 40 years. Picture Patrick Woods

"They could pull it down, rebuilt it, amalgamate it, there's loads of options.

"Keeping some of its old charm would be amazing but we are realists. They can do as they wish and really use their imagination."

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The ground floor commercial buildings include a pizzeria, real estate agency and convenience store - all of which have been "reinvented" over time.

While she's moved out of home, Ms Drexel-Munro said her childhood had been special.

A prime corner site at Kings Beach has come onto the market for the first time in nearly 40 years. Picture: Patrick Woods

"It's the people we have met and the relationships we have formed. You watch generations of people come here," she said.

"Families with children who grow into adults and keep coming decades later.

"Their first port of call was always Kings Beach."

The family predict a packed room come auction day.

"There's been a lot of interest, both locals and national and international," Mrs Drexel said.

"People who have come holiday here and know the site.

"We see it as a once in a lifetime opportunity."

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