Buyers are scrambling to get their hands on the cheapest waterfront property with deepwater access in Mooloolaba after it was passed in at auction.
The stunning home on one of the Coast’s most exclusive streets is priced at an ‘affordable’ $3.5 million — less than the value of an empty block at $5 million.
Its upmarket neighbours on Carwoola Crescent are in the vicinity of $12 million.
Even a knockdown just around the corner on 9 Elanora Avenue went for a higher figure of $4.35 million last month.
By comparison, HOME – Sunshine Coast agent Jay Sherwell said 1 Carwoola Crescent was no knockdown, yet was on the market for a cheaper price.
“It’s arguably the most affordable entry-level waterfront home, by deep-water Mooloolaba, that you will find,” he said.
“There is nothing for that price point in deep-water Mooloolaba, period.
“The last house that sold was a knockdown, an old brick house, but this is no knockdown.
“The land opposite is $5 million just for the block and then you put a $3.5 million to $4 million house on it.”
Mr Sherwell said Carwoola Crescent was one of the more affluent of the Mooloolaba canal-front streets.
“This property is in the same neck of the woods as many multimillion-dollar homes, some up to $12 million. It’s a very nice street.”
Mr Sherwell said the owners were motivated to sell, having moved to Vanuatu.
After the property was passed in at auction, the agent is in talks with prospective buyers including one from Sydney who on Monday was jumping on a plane to the Coast.
The property was initially sold for $85,000 in 1985 and was last sold for $1.33 million in 2014.
“It’s got the longest canal view that you will find,” Mr Sherwell said.
“It’s a nice, wide canal so you’re not looking over to another neighbour.”
Mr Sherwell said 1 Carwoola Crescent was a “niche property”.
It boasts four bedrooms, two bathrooms and two car spaces on a 782sqm block, with a sandy beach.
“It’s got a holiday vibe to it and it brings the family together, as it’s a one-level home, which are hard to find in these parts.”
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Buyer finally gets lucky
A woman who had missed out on properties for two years has finally secured a knockdown on the beachside of the Nicklin Way at Warana.
The brown brick retro home at 17 Coonang Crescent was a barely used holiday house with a yard that had turned into a jungle.
Ray White agent Adam Budd sold the three-bedroom home for $900,000 at auction to the ecstatic buyer who had already lost two other auctions that day.
Mr Budd said the property, with an original brown laminate kitchen and blue bathroom floor tiles, had been in the same hands for decades.
The owner had very rarely visited and the trees had grown thick and tall around the house.
More than 50 groups viewed the property but it was purchased by someone who only laid eyes on it at the auction.
Mr Budd said there were four registered bidders on the day and the new lucky owner skimmed in late to make the knockout blow.
She now intends to knock down the house and build her own.
Older homes in central locations thrive
Established homes in the heart of the Sunshine Coast are still highly sought after if the looming sale of a 35-year-old brick house is anything to go by.
The property at 4 Mahogany Dr, Mooloolaba, was passed in at auction for $1.02m but it’s believed to have been sold post-auction for much more. The sale is yet to go unconditional.
“It’s an older, entry-level home in a cul-de-sac,” HOME – Sunshine Coast principal sales and marketing Jay Sherwell said after a large crowd attended the auction.
“The good, low-set homes in those streets (of Mooloolaba) are highly sought.
“There was competitive post-auction interest with multiple offers.”
The historical suburb’s central location has continued to appeal to prospective buyers, Mr Sherwell says.
“Families love it there because you can walk to the shops and to the beach and to schools – it’s a trifecta.”
The property was first bought for $28,300 in 1987 and was last bought for $440,000 in 2005.
Auction results
3 Applegin Court, Mooloolaba
- Sold under the hammer for $1.295m.
- 4 bed, 2 bath, 2 car.
- Matt Dellow, Define Property.
93/13 Mooloolaba Esplanade, Mooloolaba
- Passed in, on the market, contact agent.
- 3 bed, 2 bath, 1 car.
- Grant Whisker, Define Property.
14/22 Meta Street, Mooloolaba
- Passed in, on the market for $710,000.
- 2 bed, 2 bath, 1 car.
- Grant Whisker, Define Property.
1 Carwoola Crescent, Mooloolaba
- Passed in, on the market for mid-$3m.
- 4 bed, 2 bath, 2 car.
- Jay Sherwell & Kate Jewry, Home Sunshine Coast.
4 Mahogany Court, Mooloolaba
- Under contract.
- 3 bed, 2 bath, 2 car.
- Jay Sherwell & Kate Jewry, Home Sunshine Coast.
22 Royal Drive, Buderim
- Passed in, contact agent.
- 4 bed, 2 bath, 2 car, pool.
- Judy Wild & Lew Pottinger, Ray White.
199 Panorama Drive, Rosemount
- Sold under the hammer for $650,000.
- 4 bed, 2 bath, 2 car.
- Mitch Rowe, Ray White.
2/26 Amaroo Drive, Buderim
- Passed in, contact agent.
- 2 bed, 1 bath, 1 car.
- Judy Wild & Lew Pottinger, Ray White.
134/5 Forest Park Street, Meridan Plains
- Passed in, contact agent.
- 3 bed, 2 bath, 1 car.
- Justin Wijaya, Ray White.
747 Diddilibah Road, Diddilibah
- Passed in.
- 4 bed, 2 bed, 8 car.
- Mitch Sinclair/Natalie Tink, Ray White.
30A Kiel Mountain Road, Diddilibah
- Passed in, contact agent.
- 6 bed, 4 bath, 7 car.
- Adam Budd, Ray White.
6 Avocet Street, Forest Glen
- Sold prior to auction for $955,000.
- 4 bed, 2 bath, 2 car.
- Gregory Ward, Ray White.
12 Maltman Street North, Moffat Beach
- Passed in, contact agent.
- 3 bed, 1 bath, 1 car.
- Luke Dunbar, Ray White.
26 Wavell Avenue, Golden Beach
- Passed in, contact agent.
- 3 bed, 1 bath, 2 car.
- Ray & Linda Daniels, Ray White.
146-148 Woombye Palmwoods Road, Palmwoods
- Passed in, contact agent.
- 3 bed, 2 bath, 4 car, pool.
- Chevonne Rees, Ray White.
3 Triumph Street, Birtinya
- Passed in, contact agent.
- 4 bed, 2 bath, 2 car.
- Dan McNamara/Luke Dunbar, Ray White.
11 Balemo Street, Minyama
- Passed in, now listed at $900,000.
- Land.
- Brett Higgins, Ray White.
3/2-6 Douglas Street, Mooloolaba
- Passed in, contact agent.
- 3 bed, 2 bath, 1 car.
- Steve Allen, Ray White.
17 Coonang Crescent, Warana
- Sold for $900,000.
- 3 bed, 2 bath, 2 car.
- Adam Budd, Ray White.
18 Elizamay Close, Buderim
- Sold for an undisclosed amount.
- 5 bed, 4 bath, 4 car.
- Kathryn Willshire, Ray White.
51 Paddington Circuit, Baringa
- Passed in, contact agent.
- 4 bed, 2 bath, 1 car.
- Peter King, Ray White.
6182 Burrum Crescent, Nirimba
- Passed in, contact agent
- Dallas Foster, Land Ray White
7741 Cocos Crescent
- Passed in, contact agent.
- Land.
- Dallas Foster, Ray White.
22 Royal Drive, Buderim
- Passed in, contact agent.
- 3 bed, 2 bath, 3 car.
- Judy Wild/Lew Pottinger, Ray White.
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More photos of 1 Carwoola Crescent
