Tallebudgera Valley acreage owners pocket $1.75m profit in under two years
The sprawling Hamptons-inspired home on just shy of two acres in Tallebudgera Valley sold for $3.8m.
A stunning Hamptons-inspired acreage property in sought-after Tallebudgera Valley has sold for $3.8m following an innovative click-and-collect sales campaign targeting locked down interstate residents.
The hefty sale price was the second highest on record for a residential property in the semi-rural southern Gold Coast suburb, and a huge boon for the owners, who bought the renovated home at 45 Golden Valley Rd for $2.05m in December 2019.
The bulk of inquiries were from interstate.
Marketing agent Edward Smyth, of Smyth Real Estate, said the owners had not made any upgrades to the home, which attracted a total of 56 offers from 12 buyers in four weeks through an online offer management platform.
Mr Smyth said the bulk of inquiries were from interstate, although ultimately the successful offer was from a local buyer relocating from a beachside address.
“We decided to innovate the selling process in this instance owing to the circumstances in the marketplace, with lockdown and three-quarters of inquiries derived from interstate,” Mr Smyth said.
Wide verandas wrap around the home.
“We felt a traditional auction was prohibitive for those people because they couldn’t physically inspect the property or attend the auction, so we created a digital tender process which allowed those interstate buyers some breathing space to make an offer.”
The luxurious property known as Silver Gum Manor is set across 0.78ha and offers dual living potential.
Downstairs is a fully self-contained apartment with private entry, while upstairs packs the wow factor with light-filled, open plan living spaces and high-end, contemporary finishes.
There are two ensuited master bedrooms, four other bedrooms and two bathrooms, while wide bull-nosed verandahs wrap around the house.
The pool is super-sized.
MORE NEWS
Fast-moving market blows valuations out of the water
Insider’s guide to where to buy this spring season
Clive Palmer snaps up neighbour’s ‘spaceship’ mansion
More from news
Outdoor entertaining is covered with a built-in barbecue kitchen and Hamptons-style pergola next to the pool, along with a full-sized tennis court.
Mr Smyth said the sale highlighted the appeal of the area for those seeking acreage living within close proximity to the beach.
“I still believe the Gold Coast is undervalued, and I think an iconic sale like this will hopefully shine a light on how amazing the region is and continue to fuel those very aggressive migration levels from interstate,” he said.
Plus there’s a full-sized tennis court.
“I actually thought the property was under-received last time it went to market in 2019 and I’m a little disappointed for the previous owners who did the renovation. Tallebudgera Valley and surrounding suburbs were under-appreciated back then.”
CoreLogic records show the sale was only trumped by a 9.7 acre property at 757 Tallebudgera Creek Rd which changed hands for $5m in March.
REA Group data shows Tallebudgera Valley is a high demand market, with an average median house price of $1.382m in July.
Welcome home … the buyers were locals relocating from a beachside address.