Record $2.9m for Pottsville house
A BEACHFRONT house at Pottsville on the southern Tweed Coast has sold for $2.9 million - eclipsing the recent Tweed Coast record of $2.3 million for a Cabarita Beach home and even surpassing the record for a beachfront home on Queensland's Sunshine Coast.
But the new owner doesn't even want to live there.
A high-powered business executive from Sydney has bought the home, dubbed Potts Point on the Beach, to rent out as a luxury holiday home, staying there for just the occasional vacation herself.
Bookings may even be accepted for the Christmas break, depending on the date of final settlement - but a week in peak season will cost about $4,000.
Selling agent Roger McLeod of Pottsville Professionals said sale contracts were exchanged unconditionally last Saturday, creating a new price record for a beachfront home on the Tweed. A confidentiality clause prevented release of the names of either the purchaser or vendor.
The price exceeded a recent Sunshine Coast record of $2.5 million for a beachfront home set at Caloundra north of Brisbane.
Even so, Mr McLeod said the purchaser "reckons she's getting in on the ground floor".
"People she mixes with," he said, "still don't know about Pottsville Beach."
Mr McLeod said he did not expect the record to be broken soon but it would not be an unrealistic expectation that in five years time the property could sell for between five and six million dollars.
"We are quickly catching up to Palm Beach and Hedges Avenue," he added.
The house was originally built about 50 years ago by Pottsville fisherman Bob Gauld, but added to and substantially renovated with at least two major renovations in recent years - one costing about $400,000 and another about $300,000, Mr McLeod said.