Gold Coast property sells for $3.3 million under the hammer


A Gold Coast property offered to the market for the first time in 20 years has sold, smashing the street record by $300,000.

A HOUSE fronting popular Tallebudgera Creek sold under the hammer on the weekend for $3.3 million – smashing the street record by $300,000.

Overlooking Tallebudgera Creek, the residence at 111 Tallebudgera Rd, Palm Beach is one of just four north-facing main creek homes that has direct access to its own private beach with views of the park.

It was offered to the market at an onsite auction on Sunday.

“It was an exceptional turn out even with the intermittent downpours throughout the day,” said marketing agent Rhys Wildermoth of First National Palm Beach said.

“We had a solid turnout of 150 groups and 18 registered bidders.

“The auction didn’t disappoint with plenty of bids being passed back and forth until finally settling at $3.3 million.

“Justin Nickerson was our auctioneer and did an exceptional job getting the ball rolling and kept the atmosphere pumping.”

Mr Wildermoth described it as a “once in a generation” sale.

CoreLogic property records show the property, which was on the market as an estate sale, last changed hands in 1998.

It was built by its original owner, the late Tony Ingwersen who founded a prominent local law firm, after he bought the land in 1986.

The previous highest sale on the street was No. 107 which changed hands for $3 million in 2007.