The most lucrative residential sale in Queensland last year highlighted a remarkable 2023 in Sunshine Coast property.
No.33 Ross Crescent at Sunshine Beach sold for $28 million in September, while several other homes in the region went for multi-millions.
The five-bedroom, four-bathroom, three-car-space home on a 3520sqm block has 62m of beach frontage and is shrouded by nature.
The home, by architect Geoffrey Pie, includes custom cabinetry, fireplace, walk-in pantry, high-end appliances, private terraces, workshop, storerooms, cellar, terracotta tiles, clerestory ceilings and a wet-edge pool.
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Tom Offermann Real Estate representatives could not discuss the property due to confidentiality, but they lauded it in the sale listing.
“Living with nothing but the sand and sea in front really is the ultimate prize,” it said.
“Sunshine Beach is home to many of Queensland’s highest-calibre properties, especially the privileged front row, which has increasingly become the exclusive domain of the ultra-fortunate.
“This is one of our favourite properties because of its immense area, wide frontage – which is four times the normal – and with such privacy, few people realise it is there. The almost-flat, tree-lined pathway to the beach is as good as it gets.”
Tom Offermann Real Estate Noosa Heads principal Tom Offermann confirmed the sale via his prestige property market update on December 21.
“In 2023, the highest residential sale in Queensland was recorded at $28 million for the beachfront house located at 33 Ross Crescent, Sunshine Beach,” he wrote.
“This sale not only set a record for the year in Noosa but also became Queensland’s highest sale for the year.
“Notably, this property is situated in close proximity, being only 600m away, from another beachfront house at 17 Webb Road, which was sold by Tom Offermann Real Estate two years ago for a staggering $34 million, setting an all-time state record.”
Mr Offermann said prospective buyers were still willing to spend big to secure properties in great locations, particularly around Noosa, despite rising interest rates during the past couple of years.
“Contrary to concerns about a property market downturn, the higher borrowing costs have not had the impact on the market that many expected,” he said.
“In the second half of 2023, prices resumed an upward trend. High immigration exacerbated the shortage of available properties and partially offset the impact of interest rate rises.
“Buyers who hesitated earlier in the year due to market uncertainties are now rejoining others who remained active throughout.
“However, available properties have remained scarce for the past couple of years, with property owners reluctant to sell. Overall, these factors indicate another positive year for residential property owners in 2024 and beyond.”
The sale of 33 Ross Crescent was a highlight on the 2023 calendar for property in the region, but Sunshine Coast News reported on plenty of other significant and interesting sales.
Sunshine Coast property market highlights
- The director of a development group admitted he was reluctant to demolish an iconic beach house for an apartment complex but said if they didn’t do it someone else would.
- The owner of the last open space in Maroochydore said there was a significant amount of interest in the landmark property.
- A “sumptuous and lavish” four-level home in one of the Sunshine Coast’s most sought-after locations sold for a breakthrough price.
- A stunning Sunshine Beach abode that attracted the attention of hundreds of thousands of people was sold for a king’s ransom.
- An exquisite new residence set a gold standard on a beachfront strip that is starting to get some belated attention.
- A growing suburb that boasts location, infrastructure and services attracted a host of home buyers with its more affordable prices.
- A celebrity TV couple, who recently welcomed a baby, purchased a home in the Noosa hinterland.
- The rapid and dramatic rise of Sunshine Coast house prices was revealed in a report by a prominent real estate appraiser.
- A rare swap deal involving multimillion-dollar properties in the same neighbourhood was formalised.
- More housing lots were approved for a growing Sunshine Coast suburb, bringing it closer to a target of 20,000 homes.
- A tucked-away mansion in the Sunshine Coast hinterland sold for almost $4m as buyers scoured the range for lifestyle retreats.
- New data revealed the top 10 most expensive streets on the Sunshine Coast, with the Noosa shire dominating the rankings.
Auction results
27 Cuba Court, Kawana Island
Passed in at $3m, contact agent
8 Bed, 4 Bath, 4 Car, Pool
Ray White, Jake Loiero
3 Kerenjon Avenue, Buderim
Sold prior to auction
4 Bed, 3 Bath, 2 Car, Pool,
Ray White, Brodie Rodgers
16 Nicolle Court, Mooloolah Valley
Sold for $1.19m
6 Bed, 5 Bath, 5 Car, Pool
Ray White, Brodie Rodgers
35 Dunne Road, Glenview
Passed in at $2m, contact agent
5 Bed, 2 Bath, 6 Car
Ray White, Matt O’Grady and Alisha Galea
1/61 Elkhorn Street, Kuluin
Sold under the hammer for $670,000
3 Bed, 2 Bath, 2 Car
Ray White (Buderim), Brodie Rodgers and Chevonne Rees
11 Korin Drive, Buddina
Sold under the hammer for $1.195m
5 Bed, 3 Bath, 2 Car, Pool
Ray White, Ryan Bradeley
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