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Why this exclusive street has the ritziest properties in the region

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There are some appealing reasons why Arakoon Crescent is ‘the Sunshine Coast’s most expensive street’.

The exclusive 500m enclave in Sunshine Beach was recently dubbed the region’s most ritzy strip via data compiled by Ray White Real Estate, using information from all agencies from 2020 to 2022.

There are less than 40 properties along the coastal road, which is tucked away in the northern end of the suburb.

Tom Offermann Real Estate – Noosa Heads property sales agent Tim McSweeney said the street had so much going for it.

“Its proximity to the centre of town and also the water are the two big things,” he said.

“The street turns around so residences face the north-east, and it has lovely elevation so you get beautiful views of Lions Head (in Noosa National Park),” he said.

“It’s absolute beachfront and you are within walking distance to the surf club, but it’s incredibly private.”

The street has absolute beachfront.

The street had a three-year median sale price of $13.625m. No.24 sold for $28.5m (Queensland’s most expensive house in 2022) and No.4-6 sold for $21.5m last year, while No.20 went for $14.25m in 2021.

“The properties there are very tightly held,” Mr McSweeney said.

“The people who buy them generally keep them for a very long tome so there is always very limited supply.

“There’s currently nothing for sale on the street.”

This property sold for $14.25m in 2021.

Mr McSweeney said one of the biggest appeals was the street’s residential vibe.

“There are no multiple dwellings, they are all private homes,” he said.

“There are still some very original 1970s and 1980s beach houses,” estimating that about 50 per cent of the homes were more than 10 years old.

“People are looking for old beach shacks to knock down and a lovely new architecturally designed premises that maximises the value of it.”

Arakoon Crescent, as seen from above.

Nine of the region’s top-10 most expensive streets were within Noosa Heads and neighbouring Sunshine Beach.

“The area provides the highest lifestyle alternatives for people, with beautiful shops and restaurants and national parks,” Mr McSweeney said.

“And you can’t build here anymore: it is maximum density.

“Your only opportunity is to buy something to refurbish or knock down and build a new home.

“It’s not like the Gold Coast where there is opportunity to build high-rises. Property here is always going to be highly limited in terms of availability, so there will always be a high level of competition.

“Property is incredibly sought after here.”

The only street in the top-10 from outside Noosa and Sunshine Beach was Carwoola Crescent in Mooloolaba.

Auction results

4 Coree Court, Mooloolaba

Passed In at $1,700,000 – open to offers over $1,750,000 plus

3 Bed, 1 Bath, 1 Car

Home Sunshine Coast, Rebecca Fletcher/Adam Riley

14 Florence Street, Nambour

Sold Under the Hammer $680,000

3 Bed, 3 Bath, 3 Car

Pery Morrin Property, Steve Pery and Toby Morrin

11 Wylah Street, Noosaville

Sold Prior to auction $1,100,000

3 Bed, 1 Bath, 2 Car

Next Property Group, Carmel La Macchia

99 Buderim Street, Currimundi

Passed In at $660,000 on the Market now for $685+ Offers

4 Bed, 2 Bath, 2 Car, Ray White, Adam Budd, 0411 808 595

15/7 Figbird Crescent, Buderim

Sold Prior for $560,000

3 Bed, 2 Bath, 2 Car, Ray White, Gregory Ward

6/133 King Street, Buderim

Sold Prior for $480,000

2 Bed, 1 bath, 1 Car

Ray White, Gregory Ward

14/136 Stringybark Road, Buderim

Passed In at $530,000; On the Market for Offers over $560,000

3 Bed, 2 Bath, 2 Car

Ray White, Gregory Ward

12/10 Pacific Boulevard, Buddina

Sold Prior for $1,610,000

2 Bed, 2 Bath, 1 Car

Ray White, Ryan Bradeley

102 Miran Road, Kureelpa

Passed In at $1,9000,000

3 Bed, 2 Bath, 2 Car

Ray White, Matt O’Grady & Alish Galea

69 Park Road, Nambour

Sold under the hammer $920,000

4 Bed, 2 Bath, 21 Car, Ray White, Matt O’Grady & Alish Galea

9/57 Kingsford Smith Parade, Maroochydore

Sold under the hammer $675,000

2 Bed, 2 Bath, 1 Car

Ray white, Reuben Park

Do you have an opinion to share? Submit a Letter to the Editor with your name and suburb at Sunshine Coast News via: news@sunshinecoastnews.com.au

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