Locals on the move

A host of new residents will be joining Mayor Tom Tate on popular Buccaneer Court

GOLD Coast Mayor Tom Tate appears to have sparked a sales bonanza on one of the city’s elite streets where almost $15 million in prestige real estate has changed hands in the past three months.

Mr Tate and wife Ruth reportedly paid $2.7 million for a five-bedroom renovator on a point position on Buccaneer Court, Paradise Waters in July.

Less than two weeks later a local family paid $2.295 million for the keys to a Spanishstyle waterfront home at 26 Buccaneer Court in a deal handled by Kollosche’s William Sarti and Matt Lanyon.

Mr Sarti then teamed up with agent Ryan Ward on the $3.85 million sale of a sixbedroom stunner on 892 sqm at 25 Buccaneer Court, which went to a Melbourne family who had earlier relocated to the Gold Coast.

Meanwhile, a Brisbane buyer paid $2.32 million for 9 Buccaneer Court in an offmarket sale, also handled by the Kollosche agent, which settled in July.

“The market in Paradise Waters seems to be going strong in line with overall interest in the prestige market,” Mr Sarti said.

In the latest six figure sale on the soughtafter street, a grand two-storey residence at 30 Buccaneer Court sold for $3.775 million.

Amir Prestige principal Amir Mian and agent Louise Alexander handled the sale of the impressive concrete construction on an 836 sqm waterfront lot.

The run of chunky deals on Buccaneer Court comes amid a noted spike in interest in the Paradise Waters enclave.

Surfers Paradise First National Real Estate agent Russell Rollington, who handled the Tate purchase alongside Bob Rollington, said demand has surged in the last three months as local buyers make a move before borders reopen.

“A lot of people are thinking that come the end of the year they will have to compete with interstate buyers so now is a good time to buy,” Russell Rollington said.

Mr Rollington also reported off-market deals on 1 Viking Court, Paradise Waters which sold to a Brisbane buyer for $2.65 million, while the vendor on that property paid $4.1 million to upgrade to a point position on 1196 sqm at 26 Viking Court.

Gold Coast Mayor Tom Tate bought a house on Buccaneer Court, Paradise Waters in July (top); 26 Buccaneer Court sold for $2.295 million in August (above left); while 25 Buccaneer Court fetched $3.85 million.