Vacant Gold Coast blocks listed with an eye-watering price tag

first_imgThe Paradise Waters blocks at 127-129 Commodore Drive are listed with a big asking price.TWO neighbouring blocks in a prestige Gold Coast enclave are on the market with a jaw-dropping price tag that is normally reserved for the most luxurious mega-mansions.The 1723sq m Paradise Waters site at 127-129 Commodore Drive is listed with a price guide between $7.8 million and $8.5 million.With 48m of main river frontage and direct access to the Broadwater, the large land parcel is in a prime position.It has wide water views that stretch across the river to The Southport School and could comfortably fit two large houses. MORE NEWS: Bizarre way TV star scored dream QLD home MORE NEWS: Buyers fighting for fewer housing options More from news02:37International architect Desmond Brooks selling luxury beach villa8 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoThey last sold in 2017 for $3.5 million each.He said there was one prospective buyer, who previously owned land on the street, who was considering snapping up both.“They’re very familiar with the area and the value of that land in the area,” he said.“The extra value in the land is that it’s a double block and it’s rare to get a double block.”Property records show the owner paid $3.5 million each for the blocks in 2017.If it fetches its asking price, it will be the second highest sale recorded on the exclusive street.The record was set by the sprawling 3369sq m site at No. 126 when it sold for $9.4 million in October. Harcourts Coastal agent Mark Rustin, who is marketing the property with Skye Rustin, said the properties had a lot to offer.“First, it’s main river so that’s one big thing but also it’s the width of the block and the availability to cater for a large vessel and the fact that it’s Commodore Drive,” he said.They are being marketed as one property but Mr Rustin said the owner is considering selling them separately.“We’ve had a lot of interest in it, predominantly for either lot,” he said.“There’s not a lot of buyers that are out there for both lots.” Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p360p360p216p216pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhy location is everything in real estate01:59last_img read more