Beach beauty suc­cess

The $3m sale of a mag­nif­i­cent Kingscliff man­sion is the high­light of a prop­erty boom in the area

Weekend Gold Coast Bulletin - Property - - FRONT PAGE - WORDS JES­SICA BROWN

A LUX­URY Kingscliff man­sion recorded the high­est sale on the Coast last week af­ter fetch­ing $3 mil­lion.

A Bris­bane fam­ily bought the sprawl­ing sanc­tu­ary at 51 Cylin­ders Drive and plan to use it as a week­end beach house.

Mar­ket­ing agent Nick Wither­iff, of LJ Hooker Kingscliff, re­ceived dozens of in­quiries about the cut­ting edge prop­erty, which was listed for $3.195 mil­lion.

“It was pre­sented to the mar­ket about three weeks ago (and) I prob­a­bly re­ceived nearly 30 phone calls from peo­ple in­ter­ested in the home,” he said.

“An of­fer came in at the first open home and we were able to sell the prop­erty for $3 mil­lion.”

The sale matched that of another on the street – No. 27 – in 2007.

Gold Coast lawyer Steve Latham built the home just over a year ago af­ter mov­ing from Tas­ma­nia with his fam­ily.

He told the Bul­letin in Fe­bru­ary they were work­ing on a ship­wreck theme at one stage.

The con­tem­po­rary four-bed­room, four bath­room prop­erty has an in­dus­trial style with wood, stone, mar­ble and con­crete prom­i­nent fea­tures through­out.

It also has a home cin­ema, 9 x 5m pool at the cen­tre of the en­ter­tain­ment area and six per­son spa with di­rect views to an out­door plasma TV. “It’s a unique prop­erty be­cause of its de­sign, we haven’t seen any­thing like this built in the area be­fore,” Mr Wither­iff said. “It’s a real ar­chi­tec­tural mas­ter­piece.” He said other pres­tige prop­er­ties were also hit­ting the mar­ket, in­clud­ing two he was cur­rently ne­go­ti­at­ing, also around the $3 mil­lion mark.

“This is some­thing that’s go­ing to con­tinue to hap­pen,” Mr Wither­iff said.

Kingscliff has boomed in re­cent years, with lat­est CoreLogic data show­ing the me­dian house price had jumped 48 per cent to $836,888 in the past five years.

Mr Wither­iff said up­grades to in­fra­struc­ture, which was at­tract­ing peo­ple to the area, and a lack of va­cant land were driv­ing up prices.

51 Cylin­ders Drive, Kingscliff, has changed hands for $3 mil­lion.

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