House on Gold Coast beachfront sells for $450,000 above reserve

first_img There were 19 registered bidders at its auction. It sold under the hammer for $4.15 millionKollosche agent Rob Lamb, who marketed the property with Michael Kollosche, said it attracted a lot of interest, particularly among locals who understood Jefferson Lane’s value.“There was a big crowd there, we had 19 registered bidders,” he said.“I think (the buyers) liked the fact that the home was in really good condition.“But with most properties down there, the eventual end game would be to build a really beautiful home.”The 617sq m dated property has three levels and is in a tightly held beachfront location. More from news02:37International architect Desmond Brooks selling luxury beach villa8 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoIt is the first time the property has sold in 30 years. 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 Property records show it last sold in March 1989 for $480,000. Mr Lamb said there were a lot of buyers on the hunt for properties with limited options available.“We had seven or eight offers (for 47 Jefferson Lane) throughout the campaign so we’ve got a lot of leftover buyers,” he said.“As soon as a good property comes up, there are plenty of buyers that are there.” MORE NEWS: Netball queen Laura Geitz puts family home up for salecenter_img The Palm Beach house at 47 Jefferson Lane sold for $450,000 more than expected.THE owners of a beachfront house on the southern Gold Coast could buy a new property with just the extra cash they scored on its multimillion-dollar sale.The three-bedroom Palm Beach residence at 47 Jefferson Lane fetched much more than expected under the hammer at the weekend. The buyer outbid more than a dozen other people who were vying for the keys to snap it up in a $4.15 million deal – $450,000 above its reserve price. MORE NEWS: Byron Bay icon The Farm listed for salelast_img

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