Time to drool - probably the best Gold Coast beachfront property ever

45-51 Albatross Avenue Mermaid Beach Qld 4218 - House for Sale #122480410 - realestate.com.au

I'm guessing it will go for over 20m - lets see...

From an investment perspective has pretty much ziltch attractiveness from a yield perspective.

From a capital gains perspective, possible upside as trophy buyers are likely to become active over the next 5 years, not to mention Asian and foreign buyers...

 

Def one of the best homes I have seen. I have a feeling you are right and if you promote the property as having good feng shui, I am sure it will sell well.

 

Shame that the photoshop of the grass is bad though.

 

They tried to sell this last year. It's the ex Billabong chiefs house.
Agree Big Max this is the jewel of the homes on the sand. Just so tasteful and elegant. I think it will go north of 20 million. It's a resort on two thirds of an acre. There's a lot of money here now. This won't last long as long as the price expectations aren't too stupid.

 

Yeah is so damn nice. I've walked past it so many times. Always thought it was owned by an Asian. I did nearly buy a place from an ex-Quicksilver founder, but that was some time back and at a much lower price point.

Looks like a really high quality job they did in construction. Whoever buys now I think is still getting in at a very good time before all the crazy beachfront stuff kicks off again (as it defiantly will do - history always repeats...).

 

really nice place to call home.... i am placing a guess sell price of 22m....

 

@big max, given that this place is close to yours, do you think that this will add or detract from the sale price?

 

Absolute architectural masterpiece.

My guess is 26m. Any other guesses out there?

So hard to value. Say a typical section along Albatross Ave is 5m at present. This is 4 amalgamated. Does that deserve a premium? Or a discount? And how much value in the really no expense spared construction.

 

Ha ha. Id like to think people like me and similar locals in the area add to the value overall. We are all pretty close knit at mermaid and a really friendly bunch. Having said that some of the beach front owners are not true locals - you don't see some of them often or really know who they are.

 

I know what you mean. We settled on a GC apartment (something for us to downsize into in our later years) earlier this month, with 24 in the complex. When I checked the Body Corporate Roll, 50% of the owners lived outside the GC, including Brisbane, Sydney, Melbourne, Hobart and Singapore. Most do not rent their apartments.

Geez, with our settlement, it is now more than 50%; at least, we are renting ours for a few years.

 

Very nice and perfect location

Too big for me though, so might need to add more dogs

 

I'll live there (as the private tutor probably?) Miami High just isn't quite St Aiden's or The Southport School.

 

That downstairs room is a little too pokey for me.

 

That's an amazing house in a perfect location

 

I dont think its worth 20 million. If I had 20 mil to spend on one single property this wouldnt be it.

 

All that and such a tiny tinny in the garage.

 

That's just for the pool

 

Ahhhhh yes of course. Or maybe for the "floods" cause yanno Gold Coast is almost Brisbane.

 

Well if I had 20 m to spend on a single property it would either be a commercial property or a block of units. But do tell - what would you be buying then? Or let's put it another way - if you did not care about yield and cared purely about getting the best trophy house you could what would it be?