Million-dollar sale of Gold Coast house sets new benchmark

first_imgA Tugun family splashed $1.145 million.The house has taken the reigns as the priciest property on Sovereign Drive from No. 78 — a five-bedroom waterfront house which sold for $1.1 million in 2014, according to CoreLogic. However, the million-dollar sale doesn’t come close to the suburb’s residential record which stands at a $3.25 million. The Mermaid Waters record holder is a Hamptons-style mansion on a double block with a pool and tennis court at 29-31 Cessnock Close. MORE NEWS: Dreaming of Palm Springs-style living? It offered stylish and low-maintenance living. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p360p360p216p216pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhy location is everything in real estate01:59 MORE NEWS: Why this year could be the most pivotal in AREC’s history LJ Hooker Burleigh Heads agent Adam Van Leeuwen, who penned the record breaking deal of No. 84, said the property would set a precedent for future new builds as it offered low maintenance but stylish living. More from news02:37International architect Desmond Brooks selling luxury beach villa11 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“It definitely sets a benchmark for its type in the market,” Mr Van Leeuwen said. “It’s an on-trend property that will dictate our market in the future. “People are busier these days and don’t have time to do all the things we used to, so buyers are searching for that low-maintenance lifestyle.” This brand-new house holds the priciest property accolade on its street.An industrial-style, brand-new home which has sold for more than $1 million has set a benchmark among its neighbours. The modern four-bedroom house at 84 Sovereign Drive, Mermaid Waters, was completed just eight weeks ago.The architecturally-designed pad was snapped up for $1.145 million last week with a local family securing the keys. center_img Mr Van Leeuwen said Mermaid Waters was a popular spot for househunters thanks to its proximity to the beach and its newly built homes. “Mermaid Waters still seems to be a very in-demand suburb,” he said. “People are after new homes and in Mermaid Waters there are a couple of pockets that have the ability for new properties to pop up.”Mermaid Waters’ median house price has jumped 39.8 per cent in the past five years to $878,000, CoreLogic data shows. The house was completed just eight weeks ago.Mr Van Leeuwen said the buyers were downsizing from Tugun, with only one older child still at home. “They really liked the ultra-modern finish and the uniqueness of the home,” he said. “It was built by Todd Mould, a local builder on the Gold Coast.”The house is one of two built, with Mr Mould living in the other property.It features burnished concrete flooring, rendered featured walls, handcrafted pendant lights, matte black finishes and timber accents. The four-bedroom home at 84 Sovereign Drive, Mermaid Waters. [email protected].aulast_img