Demand for luxury homes on the Gold Coast have seen number of million-dollar-plus sales double
A weatherboard home atop Burleigh Ridge has sold under the hammer for a glittering price tag amid a high-end sales spree that’s seen 265 high-end contracts settled in the past month alone. Here’s who bought and sold the big ones.
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A COVETED hilltop piece of Burleigh Heads, held by the same owner for three decades, has sold under the hammer for a glittering $4.6 million price tag, setting a new record for the street.
The three-bedroom, three-bathroom home at 99 George St West sits on 1016 sqm across two titles, with breathtaking views across the beach and up to the hazy Gold Coast skyline.
After a six-week campaign, 18 bidders registered for the auction on Sunday, with 100 people turning out to watch.
Selling agent Eoghan Murphy, of prestige agency Kollosche, said the auction process took an hour amid negotiations from three eager contenders.
“We got it to $3.6 million and then went to private negotiations, behind closed doors,” he said.
“Then we opened it back to the market at $4.6 million and there were no further bids.”
The buyers were Gold Coast locals, who plan to live on the property, Mr Murphy said.
“There’s only a handful of properties in the street, there’s nothing else like it on the Gold Coast,” he said.
“We rode the wave of a long, tiring campaign of six weeks but in the end we got a good price for the buyer and the seller.”
The sale of the weatherboard home, atop Burleigh Ridge next to the suburb’s reservoir, easily passes the street’s previous record sale, which property records list as $2.575 million, paid for number 93 in March 2011.
It was sold by Maxine Wade, who bought it for $360,000 in 1989.
EARLIER:
THE Gold Coast’s sizzling housing market is pushing sales of million-dollar-plus properties to stratospheric levels, with 265 high-end contracts settled in the past month alone.
Big ticket sales have included a Surfers Paradise superhome, which settled for $11 million on Monday, a $6.3 million apartment for a well-known Gold Coast Titans identity and a $4 million Admiralty Dr stunner, offloaded last week by one of the city’s richest people.
The number of done deals is more than double the same period last year, when 120 properties settled at $1 million or over.
The data, gleaned from Queensland Government sales records, includes commercial and residential properties settled in the Gold Coast Local Government Area.
Topping the residential list so far in 2021 is the $11 million settlement of 30 Seafarer Ct, Paradise Waters, which was listed back in June by long-time owners William and Leonie Manton.
Mr Manton, a former coffee grower, who spent 20 years in the remote highlands of Papua New Guinea, bought the property in 1984 with his wife and built a new home there in 2008.
“I used to sail past it,” he said in June.
“And I know a good piece of real estate when I see it.”
The six-bedroom, six-bathroom home is sprawled across four levels and has a cinema, rooftop entertaining terrace, seven-car basement, lift and formal and informal living and dining zones.
The buyer is high-profile Gold Coast lawyer John Ramsden, managing partner of Ramsden Lawyers, who took possession on Monday.
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Another well-respected businessman, Gold Coast Titans patron Darryl Kelly has nabbed a spectacular slice of Main Beach with wife Joanne.
The Kellys have splashed $6.3 million on the sub-penthouse in the boutique beachfront apartment block Sea.
The couple settled on the three-bedroom, four-bathroom full-floor apartment last Monday.
Down the road at Isle of Capri, developers Lauren and Andrew Hicks have sold their five-bedroom house at 38 Amalfi Drive for $4.65 million.
The two-storey residence occupies the most eastern point on sought-after Amalfi Drive, affording 180 degree views of main river and the city skyline beyond.
It settled last Friday to buyer Jeanene Boorne.
Meanwhile back in Paradise Waters, one of Australia’s richest people, ADCO Constructions chair Judith Brinsmead, has sold 80 Admiralty Drive.
Property records show the four-bedroom, four-bathroom home was listed for $4.95 million from March 2016 to May 2019, then relisted in September last year for $4.35 million.
It settled for $3.99 million last Thursday to Lyn and Peter Zheng.
Sales $2 million or more settled so far in 2021:
7605 Fairway Bvd, Hope Island: Settled January 15 for $2 million
18 Yacht St, Southport: settled January 20 for $2 million
27 Wedgebill Pde, Burleigh Waters: settled January 25 for $2.05 million
31 William St, Mermaid Beach: settled January 18 for $2.075 million
5702 Observation Cres, Hope Island: settled January 12 for $2.11 million
1 Meredith Dr, Broadbeach Waters: settled January 18 for $2.2 million
7 Sunset Pl, Jacobs Well: settled January 15 for $2.225 million
1122 Beechwood Dr: settled January 21 for $2.25 million
8059 Riverside Dr, Hope Island: settled January 29 for $2.289 million
32 The Promenade, Surfers Paradise: settled January 7 for $2.29 million
8091 Riverside Dr, Hope Island: settled January 15 for $2.3 million
62 Blair Athol Cres, Bundall: settled January 22 for $2.3 million
8 King Charles Dr, Paradise Point: settled January 15 for $2.425 million
An apartment in 60 Marine Pde, Coolangatta: settled January 15 for $2.46 million
8872 The Point Crct, Hope Island: settled January 8 for $2.465 million
68 Musgrave St, Coolangatta: settled January 15 for $2.475 million
114 Seagull Ave, Mermaid Beach: settled January 29 for $2.5 million
31 Howard St, Runaway Bay: settled January 18 for $2.55 million
34 Bulolo Ave, Runaway Bay: settled January 15 for $2.725 million
153 Sir Bruce Small Bvd, Benowa: settled January 18 for $2.75 million
185 Old Burleigh Rd, Broadbeach: settled January 12 for $2.763 million
90 Amalfi Dr, Surfers Paradise: settled January 22 for $2.79 million
25 Cleland Cres, Broadbeach Waters settled January 18 for $2.85 million
1051 Rosebank Way, Hope Island: settled January 6 for $2.9 million
73 Macadie Way, Merrimac: settled January 8 for $2.9 million
17 Queen Guineveres Pl, Paradise Point: settled January 8 for $3 million
8-10 Miles St Coolangatta: settled January 25 for $3.050million
3103 Riverleigh Dr, Hope Island: settled January 18 for $3.2 million
1491-1493 Gold Coast Highway Palm Beach: settled January 4 for $3.75 million
1201/116 The Esplanade Surfers Paradise: settled January 4 for $3.775 million
906 Jarema Dr Mudgeeraba: settled January 8 for $3.8 million
80 Admiralty Dr, Surfers Paradise: settled January 28 for $3.989 million.
38 Amalfi Dr, Surfers Paradise: settled January 29 for $4.65 million
3533 Main Beach Parade, Main Beach: settled January 25 for $6.3 million
30 Seafarer Ct Surfers Paradise: settled February 1 for $11 million
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