A STUNNING waterfront home at Mermaid Waters could be the next luxury prize home to be raffled after being sold under the hammer for $2.4m to youth charity YourTown.
The renovated five-bedroom home at 24 Driver Court set a new sales record for the street after attracting more than 200 inspections prior to the weekend’s auction.
Marketing agent Richard Snowden of McGrath Estate Agents Palm Beach said YourTown (formerly BoysTown) was the successful buyer from 15 registered bidders on the day.
The showcase property was described as, “the ultimate move-in-ready package for a fun-loving family”.
It was transformed from drab to pastel fab in less than two years after being snapped up by the vendors in a sale by the Public Trustee in 2019. Now, the pink front door is about the only recognisable feature of the original house.
The stunning rebuild is sweetness and light from the white picket fence lending curb appeal, right back to the waterfront. An epic waterslide and four sunken lounges in the magnesium pool complete the holiday-at-home vibe.
The home on 719sqm was architecturally designed for open-plan living with vaulted ceilings and a second lounge area designed with little ones in mind.
Inside, fun gelato hues pop against white. There’s even a retro-inspired pink kitchen, made modern with high-end Miele appliances and an oversized stone island benchtop.
The home has three bathrooms, fitted with handmade Spanish tiles and pink or mint-coloured basins, and finished with stylish brass ‘x’-shaped tap handles.
There’s a huge tiled al fresco entertaining area with outdoor kitchen and contemporary coastal furnishings including rattan pendant lights and lounges, and an overhead fan with palm-leaf styled blades.
Mr Snowden said about 40 per cent of inquiries had come from Melbourne or Sydney, with the listing performing strongly throughout the pre-auction campaign.
He said Mermaid Waters had been undervalued, but was coming into its own as one of the Coast’s most desirable family-friendly locations.
“It’s the next best thing to beachfront,” Mr Snowden said.
“There are beautiful canal-front homes in quiet, family-friendly cul-de-sacs in easy walking distance to the beach.
“It’s a very tightly held pocket,” he said.
Property records show the dated brick and tile home was purchased for $890,000 in April 2019.
At the time, it was described by the Public Trustee as a, “basic home with canal frontage in need of TLC”.
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