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Couple pays $20.5m to stop auction they spotted on their boat

Boaties put a stop to a riverfront auction with a massive $20.5m bid after they saw sale signs going up while out on the water.

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Boaties put a stop to a riverfront auction with a massive $20.5m bid after they saw sale signs going up while out on the water.

Agents had been setting up for the upcoming auction event when all activity ground to a halt thanks to the whopping offer 10 times the previous sale price for the property in popular holiday zone Noosa.

Property records name the property’s owner as having paid $2m for the home 25 years ago, before knocking it down and building a stunning designer home on site for his family.

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40 Noosa Parade, Noosa Heads, had been scheduled for auction. Picture: Tom Offermann Real Estate
40 Noosa Parade, Noosa Heads, had been scheduled for auction. Picture: Tom Offermann Real Estate
The home has a coveted position on the river. Picture: Tom Offermann Real Estate
The home has a coveted position on the river. Picture: Tom Offermann Real Estate

Tom Offermann of Tom Offermann Real Estate said ”our in-house media team and agents were on the waterside of 40 Noosa Parade on Noosa Sound filming when a long-term client passing by in a boat spotted them and asked them if it was coming to market. “Yes it sure is, it’s going to auction!”

“There was no hesitation, and within a day unconditional contracts were signed on a purchase for $20.5m to the delight of both parties, and happy Offermann agents Nic Hunter and Tiffany Wilson.”

Homes in the area are tightly held. Picture: Tom Offermann Real Estate
Homes in the area are tightly held. Picture: Tom Offermann Real Estate
The ultimate Queensland life. Picture: Tom Offermann Real Estate
The ultimate Queensland life. Picture: Tom Offermann Real Estate

Mr Hunter had described the home as having all the elite trimmings that are coveted in Noosa – being an “absolute riverfront address on tightly held Noosa Parade, on the doorstep of glamorous Hastings Street”.

The massive offer was a “knockout” and the five bedroom, four bathroom house at 40 Noosa Parade, Noosa Heads, has now settled after a four month settlement period.

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Originally published as Couple pays $20.5m to stop auction they spotted on their boat

Original URL: https://www.news.com.au/finance/real-estate/brisbane-qld/couple-pays-205m-to-stop-auction-they-spotted-on-their-boat/news-story/cb59e4a5d4348933021de75046cdc5f1