A stunning Currumbin Valley acreage property with a 100-year-old home and its own private lagoon with sandy beach has sold for $4.5m, smashing the suburb record by $500,000.
The 10.4 acre estate at 507 Currumbin Creek Rd was marketed by John Fischer, of PRD Real Estate, and sold cash-unconditional to a family relocating from the semirural suburb’s beachside counterpart of Currumbin.
Records show the vendors purchased the historic property for $1.43m in September 2015.
Mr Fischer said the steep rise in sale price was no surprise, given the huge demand from both local and interstate buyers for acreage property in the sought-after southern enclave.
“A year ago I would have been in absolute shock, but obviously it’s a very different market today, and while it’s certainly a good price we’ve had some other recent sales which have justified that price so I’d say it’s spot on,” Mr Fischer said.
The three-bedroom heritage home once stood on Marine Pde, Coolangatta and was moved in four sections to its current location fronting Currumbin Creek. There’s also a one-bedroom studio or separate office at the property.
Period features of the main house include timber floors, ornate ceilings, vertical join panelling and leadlight glasses windows. High raked ceilings grace bedrooms along with an expansive sunroom, and there’s a commercial kitchen and laundry plus a butler’s pantry and wide al fresco entertaining decks.
But it’s outdoors that will take your breath away, with a walking deck around lush gardens and the feature man-made lagoon and swimming hole, edged by a sandy beach and trimmed with tropical coconut palms.
The property has four sheds and five enclosed horse paddocks as well as a round yard.
Mr Fischer said the vendors had received another offer which was even higher, however the terms of sale were less favourable.
“Currumbin Valley has definitely been pretty tightly held. It is attracting a real mix of local buyers and a lot of people from interstate who are working from home more, and looking to make that lifestyle change where they can have a bit of space to be self-sustainable.”
Currumbin Valley was ranked among the Coast’s standout markets on the back of the post-pandemic lifestyle shift by people moving from urban area in search of more space.
The suburb’s median house price soared 42.9 per cent to $1.25m in the 12 months to March, Real Estate Institute of QLD data shows.