The last beach block on a prestigious road on the Sunshine Coast was auctioned for a record price of $ 7.7 million.

The 574 m² property at 66 Seaview Terrace attracted bidders from Queensland, the USA and Germany, all of whom were fighting for the piece of land at the coveted Sunshine Beach location.

Tom Offermann Real Estate Manager Tom Offermann said the property had aroused the interest of foreign investors, expats and Queenslanders “with an eye for quality”.

“The appetite for real estate on the Sunshine Coast is greater than ever before, as most properties have between five and 15 bidders and the reserve prices are slightly overshadowed,” said Offermann.

A wealthy family from Brisbane has outbid international competition for the block and is now joining several celebrities, including Kevin Rudd and his wife Therese Rein and Karl Stefanovic as owners within the Sunshine Beach clothing circle.

Records show the block, which faces the beach, was sold for $ 525,000 in January 1994.

On Saturday, four of the agency’s five properties were sold and the fifth was negotiated throughout the afternoon.

“The design attracted many families who wanted to live very close to the beach,” said Offermann.

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Related title :
Seaview Terrace, Sunshine Beach, block sells for $ 7.7 million at auction
> Beach Beach Coast Block sells for a record $ 7.7 million

Ref: https://www.sunshinecoastdaily.com.au