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£300 shack held for 70 years snatches stunning beachfront sale
£300 shack held for 70 years snatches stunning beachfront sale

News.com.au

time2 days ago

  • Business
  • News.com.au

£300 shack held for 70 years snatches stunning beachfront sale

A woman aged in her 80s has collected $11.3m from the sale of a beach shack built by her grandfather 70 years ago and held in the family ever since. The staggering sale price equated to $27,228 per square metre – setting a new benchmark for a block of its size in Palm Beach on the southern Gold Coast. Amir Prestige agents Amir Mian and Ross Tomain marketed the cottage on a 415 sqm parcel with about 12m of absolute beach frontage along one of Queensland's most coveted coastal stretches. Mr Mian said the original owner had paid just £300 for the property at 31 Jefferson Lane, building the two-bedroom home in 1955 using hardwood from the Toowoomba mill. It had been passed down through three generations, serving variously as a holiday home and principal residence for several members of the family. Mr Mian described the listing as 'a classic home rich in charm and coastal history', adding it held 'outstanding value for those looking to renovate or redevelop', given its medium-density zoning. The listing had drawn wide interest both locally and interstate but ultimately sold to a Queensland-based family. 'This property was located in a very tightly held and sought-after beachfront precinct of only 27 dwellings on the two-way section of Jefferson Lane,' Mr Mian said. 'These blocks are generously sized with a longer beach frontage and are quite protected with beautiful views towards Currumbin. The A-lines are also more favourable, as there is less setback required for a new build. 'Because it is so tightly held, you still find many of the original beach shacks along this stretch and so it has really retained that old beach town feel,' Mr Mian said. The simple home reno job that spiked by $30,000 Big sale under the hammer for Gold Coast cottage Bikini boss Karina Irby lists 'affordable' investment The home has timber floors and large windows, with a balcony and downstairs deck just steps from the sand. Mr Tomain said the owner's decision to sell after so many years followed a 'colossal mindset shift'. 'It is a huge sum of money – really life-changing for the owner and her family,' he said. The house had remained 'completely untouched' through the years, Mr Tomain said, with only cosmetic upgrades and maintenance undertaken while the original kitchen served as a timeless heart of the home. Median house prices in Palm Beach were up 3.8 per cent over the past 12 months to $1.765m, according to PropTrack. The suburb's highest recorded transaction for a residential property was $25.3m for an 870 sqm parcel which changed hands last year as part of an amalgamated sale of three lots totalling more than $40m. Other notable recent sales included $20.2m for a pair of original shacks on 817 sqm over two lots at 187-189 Jefferson Lane in October 2024.

Jaw-dropping ‘Goldywood' estate is back on the market
Jaw-dropping ‘Goldywood' estate is back on the market

News.com.au

time27-04-2025

  • Entertainment
  • News.com.au

Jaw-dropping ‘Goldywood' estate is back on the market

A jaw-dropping luxury estate used to accommodate actors shooting at nearby film studios is back on the market. The sprawling property at 36 Jenkins Court, Upper Coomera is priced at more than $8m and marketed by Amir Prestige agents, Alex and Victoria Fleri. It's been on and off the market for the past five years since being transformed into a private retreat fit for film stars. The current owners spent close to $3m on the rebuild after purchasing the property as a deceased estate for $1.2m in 2016. Anchored by a contemporary five-bedroom, four-bathroom home, the estate commands breathtaking 360-degree views stretching from Brisbane to northern New South Wales, and showcasing the glittering lights of the Gold Coast skyline. Features include a basketball court, infinity pool and spa, tennis court, firepit, commercial-grade gym and yoga garden, along with a recently upgraded professional recording studio. The estate has doubled as a home away from home for visiting actors shooting film productions in the region. The nearby Village Roadshow Studios comprises world-class facilities and has hosted productions including Nautilus, Aquaman, San Andreas, and Unbroken, while the city itself has earned the nickname 'Goldywood' for its local investment into the film industry. The home includes five large bedrooms including an opulent master suite along with three renovated bathrooms and a powder room, plus a media room and fireplace lounge. Illuminated waterfall stone benchtops in the kitchen anchor expansive living areas, flowing onto a vast covered terrace. Mr Fleri – who moonlights as an actor and film producer himself – confirmed Aussie screen veteran and Gladiator star Russell Crowe was among actors who had stayed at the Jenkins Court estate. Oscar-winner Crowe stars in the upcoming thriller Bear Country, shooting on the Gold Coast this year and marking a return to the Glitter Strip for the award-winning Aussie actor, who also appeared in Land of Bad, another local production filmed in 2022 with Luke and Liam Hemsworth. Builder's marvel named Aus hottest home One of the Hemsworth brothers is also understood to have stayed at the property. 'The location within a secure gated estate provides the openness of an acreage while being ensconced in privacy, and then of course there's the view, the quality and inclusions of the home itself and the lifestyle that comes with it,' Mr Fleri said. 'With the basketball and the tennis courts, all of the property's features create the luxury vibe that is comparable to the Hollywood Hills lifestyle, and that is why it is a drawcard for the Village Roadshow guestlist.' Mr Fleri said the owners had maintained a close relationship with the location hunters and studio executives, and would also be positioned within easy reach of a new screen production facility planned for Yatala, between the Coast and Brisbane. The property is marketed via an expressions of interest campaign.

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