Surfing World Champion’s Beach House Sells as Bilinga Market Heats Up

27 Apr

REAL ESTATE NEWS

More than $23.5 million has exchanged hands in two recent mega sales in Bilinga on the Southern Gold Coast.

A beachfront property owned by Australian surfing legend Mick Fanning sold prior to auction for $16.05 million in a record sale for the region.

Kollosche Real Estate Agent Troy Dowker said they had more than 125 enquiries and 28 inspections at 291 Golden Four Drive, Bilinga, also known as ‘Rolling Seas’, which was sold to a local buyer.

“It’s a benchmark sale which would certainly give the area a lot of confidence. We've had a lot of extremely positive feedback from owners that have a vested interest along there on the beachfront and they’re certainly ecstatic with the result,” Mr Dowker said.

Fanning is said to be “very delighted” with the sale.

“Ultimately there can only be one buyer and the buyer that secured it and took ownership, they had a strong appetite to acquire the home prior to auction, so we facilitated that deal just prior to the Easter break.”

Mr Dowker said the sheer scale and size of the property was what attracted the new owners.

“Obviously the land component, the frontage, the width was very attractive and appealing. A large main residence and the additional guest house was also a draw card. The main living area being elevated on the first level with the pool and the heart of the home in that specific first level, where it overlooked the ocean aspect and captured the coastal views, was also a major drawcard for them.”

In another major sale for Bilinga, a prime beachfront development site at 70 Pacific Parade has sold for $7.5 million.

The 503 sqm property, which was also sold by The Troy Dowker Team at Kollosche, had been in the same family for more than 40 years.

Read more about ‘Rolling Seas’ here.