House sells at auction for $1.4m
MARK Howlett, the principal of Elders Real Estate Cabarita Beach, says the buyers "got a real good deal" after successfully bidding for a landmark Cabarita Beach seaside property at a well-attended auction on Saturday.
The buyers, a local couple who own a small business, were as astounded at Mr Howlett when the property was knocked down to them for $1.41 million.
"I had explained to them that they would have to bid high to secure the property but they told me although the price would probably be beyond their reach they would have a go," Mr Howlett said.
And have a go they did, throwing in a final $10,000 bid that won the day against three other parties intent on securing the property.
"I was amazed that the vendor accepted the bid - and so too were the delighted couple who were astonished that their offer had been accepted," Mr Howlett said.
Once the opening bid of $1 million was put on the table just three bidders settled down to determine whose bid would attract the auctioneer's call of "going, going, gone".
Bidding commenced with increments of $25,000 to $1.15 million where one telephone bidder dropped out, picked up to $50,000 bids to $1.4 million and then again by $25,000 bids until the winning $10,000 bid was put forward.
The innovative, fully air-conditioned home at 93 Tweed Coast Rd features five bedrooms, five bathrooms, garaging for six cars and a swimming pool with a "huge" swimming area just across the road - the Tasman Sea.
Set over three levels, the 12-year-old home is built on an elevated 651sqm site and has outstanding views north along the Tweed coastline to Cudgen Headland.
Nearly every living area in the home offers expansive views over the ocean and beach line through huge plate-glass windows.
Mr Howlett said the sale had he and his team at Elders Cabarita Beach, "chomping at the bit" to secure similar exclusive properties to market.