Tom Offermann and Cameron Urquhart of Tom Offermann Real Estate have announced the sale of a 9677sq m beachfront estate at Noosa’s Castaways Beach.
The property at 2 David Low Way was auctioned in April, however, it fell short of the $20 million expectations.
This was after 12 registered buyers battled it out to $16 million before being passed in.
“The sellers had a higher regard for its value which has now been vindicated,’’ Tom Offermann said.
“Post-auction, we continued to work with those buyers and searched for new buyers.
“In the finish, the successful buyers were the next generation of long-term clients who have bought and sold many times through our company over the past 30 years.
“We are pleased for the sellers and very excited for the buyers. They have purchased a one-of-a-kind beachfront estate.
“The day they first inspected it was during a torrential downpour and, despite the drenching, it was easy to tell from the smiles under their umbrellas that they could not conceal their excitement.
“It’s highly likely that no amount of money could buy this again in the future because these rare estates often become generational assets, treasured and kept in the one family.”
The land was used by the developers of Sunrise Beach and Castaways Beach in the 1960s as their construction depot.
The exposure to the beach is amazing. A normal beachfront block is about 16m wide.
Agents think it’s great when they have one 20m wide to sell.
This is more than 10 times as wide, more than two football fields end to end, and it is just five kilometres from Hastings Street.
“It is a secure haven, totally out-of-sight from neighbours and beach-walkers,’’ Mr Offermann said.
“Yet from the grounds or interiors, the views would be intimate and unrivalled.’’
So what are the buyers’ plans?
“I think it’s a matter of just watching the space to see what happens,’’ Mr Offermann concluded.
