One of the most amazing and unique beachside properties in the nation is up for grabs at Caloundra.
However, you will need deep pockets to secure this oceanfront dream at 37 Warne Terrace, on the aptly-named Happy Valley foreshore.
The stunning block, with a likely-to-be-demolished brick and hardwood home, last changed hands in 2007 for $4.5 million, but what it’s worth in this red-hot market would be pure speculation.
Property records show that in 1984, it was purchased for $200,000.
Marketed by award-winning Henzells agent Iain Simms, it is expected to attract interest from local, interstate and international buyers as one of the last remaining opportunities of its kind on the South-East Queensland coastline.
“There may be a handful of residential opportunities along the beachfront, but nothing in this bracket. With no neighbours to the south, it offers uninterrupted panoramic views over Happy Valley and the Caloundra Bar. It is a one-off,’’ Mr Simms said.
“It’s hard to say where the pricing will go as there’s simply no comparison. The owners are seeking best offers via an expressions of interest campaign. We’re not setting any limits,’’ he said.
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“Lockdowns and the COVID situation have put unprecedented emphasis on the value of lifestyle, and it doesn’t come any better than this.
“The phone started ringing as soon as I put the first sign out the front. The locals are describing this as simply the best location in Caloundra.”
Set on 610sqm of never-to-be-built-out land, the existing hardwood and brick home, which Mr Simms confessed could use some updating, offers five bedrooms, two bathrooms, accommodation for three cars and was recently re-roofed.
“This one is all about the position with uninterrupted views from all levels from the north-east to the south-west, taking in the Glass House Mountains, Pumicestone Passage, pristine beaches, Bribie and Moreton Islands.
“Sit back and watch the whales at play, the busy shipping lanes and the surfers enjoying the waves all within metres of restaurants, cafes, patrolled beaches, cycle paths and the coastal boardwalk.
“Most likely buyers would be looking at this site as the location for a dream home, dual living or potential boutique development.
“Zoned high density residential up to 15m, the location is truly a once-in-a-lifetime opportunity and any product constructed here would command an exclusive price point,’’ Mr Simms said.
