Son buys original beachfront home for mum at Christmas
A nostalgic buyer splashed a record $6.35 million on an incredible Christmas gift for his mum of an absolute beachfront property at Palm Beach.
The retro brown-and-brick styling of the original 1970s home reminded the devoted son of his childhood days, so he bought it for his mother to enjoy her golden years by the sea.
The home at 73 Jefferson Lane was marketed via an expressions of interest campaign with Rob Cinelli and Leanne Frohmuller, of LJ Hooker Southern Gold Coast.
Backing directly onto the sand along Palm Beach’s most exclusive stretch, the split-level residence on a 597sq m block was listed for sale for the first time as part of a deceased estate.
The local buyer beat out developers as well as inquiries from around the world to secure the three-bedroom, three-bathroom home for his mum in the days before Christmas.
“He just wanted to give her something special and she is just absolutely overjoyed with it,” Mr Cinelli said.
“When you walk into the home you are met with such character with exposed bricks, a curved wall and staircase. There is a huge open-plan room with floor-to-ceiling glass doors flowing out to a level grassed backyard and onto sand and the sparkling blue ocean – it is just gob-smacking.”
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Offering uninterrupted ocean views north to Surfers Paradise and south to Currumbin and Coolangatta, the property was one of only around 170 sand-fronted blocks on the Gold Coast. It attracted a record price for a property of its size in the seaside suburb.
“There are very few where people can walk off their backyard and directly onto sand and the actual beach and that is what makes this so unique,” Mr Cinelli said.
While some potential buyers wanted to knock down and rebuild on the site, the buyer and his mum planned to retain the classic beach pad.
“They don’t want to change a thing,” Mr Cinelli said.
“The materials used in the construction in 1974 have stood the test of time with no corrosion or rust marks.
“We had a lot of people coming through the home who simply didn’t want to change its look. They may have wanted to have modernised the bathroom or carpet but ultimately they were going to pay homage to its character,” he said.
Mr Cinelli said seven written offers were received among 100 inquiries from across Australia, the UK and Canada.
Developers were also attracted by the current zoning for medium density residential development with a 29m building height limit.