Retro beach shack sells for unbelievable $3.25m

A TINY, original beach shack on the market for $3.25 million has just sold – making its former owners close to $1 million in just two years.

The two-bedroom abode on 412sq m of absolute beachfront land at 193 Jefferson Lane, Palm Beach, was built in the 1970s and has barely been touched since.

Selling agent Troy Dowker of Ray White – Mermaid Beach said the property had sold for circa $3 million to a local buyer, who planned to build a luxury home on the site.

Records show the property last sold in 2016 for $2.25 million.

But its location is priceless. Overlooking the sand and surf, the house has panoramic coastal views from Snapper Rocks to Stradbroke Island and is within walking distance to cafes, shops and the local surf lifesaving club.