An original beach court home at Bokarina has attracted “an insane number of inquiries” with most would-be buyers saying they intended to demolish the $2 million-plus property if successful.
A Melbourne buyer was the eventual winner of 11 Driftwood Court, his first offer of $2,020,000 made over the phone “sight unseen”.
Agent Jordan Lund, of Elite Lifestyle Properties, said that when this offer was declined, the man flew to the Sunshine Coast to inspect the 27-year-old beachfront renovator and then upped the ante by $20,000 to secure it.
Mr Lund said 11 Driftwood did not have ocean views, but was “neat as a pin”, in a quality street and only 150m through bushland to the sand and surf.
He said the figure achieved for the four-bedroom, two-bathroom home was the second-highest in the suburb and was boosted by the hive of activity at Stockland’s nearby Bokarina Beach development.
“The number of inquiries considering it was a $2m-plus property that, essentially, was a major renovator or knock-down was insane,” he said.
“We had about 110 people showing interest, so it shows you how many people are out there who have money and motivation.
“This was all about the land value and confidence in the area.”
Mr Lund said the buyer had been looking at property at the northern end of the Coast, but believed Bokarina and the surrounding suburbs had more potential for growth.
It’s not far from the $2 billion Sunshine Coast University Hospital, Oceanside estate and planned new Birtinya Town Centre.
“He wants to rent it out – through us – for a couple of years and then move here with his family to live. They have a construction-related business based in Melbourne. It would probably attract rent in the vicinity of $950 a week.”
Mr Lund said the sellers, who were downsizing, had purchased 11 Driftwood 20 years ago for $410,000, which was considered top dollar in 2001.
The original owners bought the 700sq m block for $110,000 in 1993, and built the home.
Don’t miss Sunshine Coast News property expert Gordon Macdonald’s column on Monday. It’s compulsory reading for anyone interested in the hottest sales and latest tales from the property frontline.
