Real estate: 146-150 Tallebudgera Dr, Palm Beach sold for ‘record breaking’ price of more than $5 million by Kollosche
The future of a sprawling southern Gold Coast block which has been sold to a family for a “record sale price” remains up in the air for now.
Real Estate
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THE future of a sprawling waterfront pad at Palm Beach which has been sold to a family for a “record sale price” of more than $5 million remains up in the air for now.
146-150 Tallebudgera Drive, Palm Beach sold for a whopping $5,050,000 when it went under the hammer Sunday – a record price for canal front property in the suburb, according to Kollosche agent Rob Lamb.
He was not able to disclose where the buyers hailed from, but said the future of the six bedroom, six bathroom house on the 2742 sqm patch of land had not been decided.
“It was a family that purchased the home and their intention is to keep it as basically a family estate,” Mr Lamb said.
“Whether they retain the house and restore it or whether they build one large home and a guest home on it is yet to be seen.”
He said the hotly contested auction included 25 registered bidders and strong interest from interstate buyers, who have flocked to the Gold Coast in recent months.
“It had interest from local residents, builders, developers and also from interstate buyers. It was a very popular property,” he said.
“With this and most other properties probably about 30-40 per cent of our email inquiries are coming from interstate, Sydney and Melbourne in particular.
“They seem very interested in getting out of their state into our one and enjoying the lifestyle we’ve got up here.”
Kollosche agent Troy Dowker, who worked with Mr Lamb to sell the property, said: “We fielded over 240 inquiries and had 136 inspections over the 35 day campaign.”
“The sellers are over the moon the home is going to a lovely family who will enjoy it as much as they have,” he said.
The block includes 75 metres of water frontage and the home was built in the early 80s and hit the market for the first time in nearly four decades.
Mr Lamb said the strength of the real estate market would continue well into 2021 due to historical low interest rates and a scarcity of properties.
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