Ray White Maroochydore sold the Lorient Penthouse at 801/88 Duorth Avenue, for $ 9,000,000.
A ever-laid beach city, now a flowering hotspot off coast, has just had a shock wake-up call after a penthouse mortgage holder sealed his house price records.
Arrested in just 26 days, the Prestige Riverfront Residence attracted 80 questions, 49 inspections and four written offers before a local business identity sealed the deal.
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The wonderful sale is a record for the Luxury Market in Maroochydore.
The last time the penthouse was sold was the plan for $ 7.4 million a year and a half ago.
Near Mooloolaba, a penthouse -sale of $ 11 million from 2021 for a real estate has twice as large that two years took to sell.
Experts believe that the sale is the evidence is Maroochydore at the Sunshine Coast is now a hotspot with blue-chip coast, a shift that is driven by an increase of 56 percent in the median prices of unit since the pandemic to $ 775,000 and an increase in house prices to $ 1.1519m.
The price of $ 9 million from Lorient Penthouse on 801/88 Duorth Avenue was a huge $ 1.6 million more than it was sold for off-the-plan a year and a half ago ($ 7.4 million).
The prize was $ 2 million shy of the Mooloolaba record crashed in 2021 when the 11th floor Sea Pearl Apartment on 1101/87 Mooloolaba Esplanade was sold for $ 11 million.
One of the most important differences was that the ownership of Mooloolaba had been on the market for two years at $ 15 million before the $ 11 million record was landed, and it was also almost double the recent Maroochydore Penthouse – 1165 m² versus 572 m² respectively.
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Luxury buyers cannot get stock available quickly enough, agents say.
The Penthouse has four bedrooms, four bathrooms and four car spaces.
The penthouse is 572 m², almost half of the size of Mooloolaba’s 2021 $ 11 million record penthouse sale.
Ray White Maroochydore saw his new record sales price that confirmed the status of the area as a blue-chip coastal market, with director than Sowden “a new benchmark for Maroochydore and underlines the depth of the demand for irreplaceable, owner-looking apartments on the Sunshine Coast”.
“When a home combines real scarcity with a sincere scale and craftsmanship, the market recognizes it – and decides,” he said.
Lead agent Niall Molloy said: “We even received phone calls from buyers who just saw us in this tightly held building and asked if we had an apartment on the market”.
“The demand for characteristics of this caliber is extremely strong and grows.”
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