Cabarita house goes for record-breaking $3.86mil
A WELL-known beachfront home in Cabarita has sold for a whopping $3.86 million, smashing previous residential sales records on the Tweed Coast.
The 1950s single-storey home, often referred to as Twin Peaks by locals, was only on the market with Ray White at Cabarita Beach for a short time, but quickly garnered interest from all corners of the globe.
Prospective buyers from across Australia and as far away as London showed interest in the property, and with absolute beachfront views, who would not want to snap up this gem in the Tweed's crown.
Ray White's Tony Dunn said yesterday that the property went above and beyond the expectations of agents.
"We are extremely happy with how well it sold," Mr Dunn said.
"It has really set the bar high for us now.
"Beachfront property is always popular, and this house has been a landmark house in Cabarita for a long time."
The property, which has only one neighbour, bushland to one side, a road to the other and beach views, was snapped up by an unknown Gold Coast businessman in mid-February.
The house at 2 Cypress Crescent backs on to one of the largest beachfront accesses in Cabarita.
? SAMANTHA HEALY