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144 Tallebudgera Dr, Palm Beach
A gorgeous waterfront home in Palm Beach sold for $5.672 billion under the hammer, making a hefty profit for vendors who bought Hamptons-style pads just before the pandemic boom.
But despite the impressive selling price, local buyers beat the previous highest bid by just $2,000, prompting a sharp reaction from auctioneer Tom Panos, known for appearing in The Block.
“I think that’s disrespectful,” said Panos.
“How can you value $2,000?”
However, the bidder did not participate in the tender and the buyer took away the keys to the six-bedroom, four-bathroom property.
Hamptons Style and Oversized Streets
Ten registered bidders entered the auction and the property was announced to the market when the price reached $5.6 million.
After Panos made another bid of $5.66 million and then $5.67 million, the new owner returned with a controversial final bid.
The house on a plot of 892 sqm was sold by Rob Ram of Koloche.
It last traded for $3.1 million in January 2020 as the arrival of Covid-19 created unease in the housing market before prices skyrocketed to record highs.
Lam said the campaign has generated strong interest, including from prominent footballers, with more than 150 inquiries and seven tests conducted in two weeks.
“The market is still strong. Prime real estate is still making big profits,” he said.
“Auction competitiveness was exactly what we needed to achieve this result.”
The home is fully automated and has custom interior finishes
The main house has 5 bedrooms and a separate guest house
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Panos said attendees at the lunchtime auction showed a strong appetite for “quality properties,” with prestige buyers ready to pay a premium for new or refurbished homes. rice field.
“I am a huge Gold Coast fan and today I am showing you why I love the Gold Coast so much.
“We had 10 registered bidders, which is a very big number, but now we have two or three registered bidders at the Sydney auction,” he said.
Three-story home features include full home automation, custom interiors, saltwater pool, spa, resort-style outdoor entertainment area with waterfront cabanas, and private boat shed with fixed pier I have.
Your friends will be pouring in here for an invite to your next BBQ
Balcony view from three storey house
The kitchen features a Carrara marble-like island bench, shaker profile cabinets, and a butler’s pantry.
The main house’s five bedrooms are all on the first floor, the master suite has a deluxe en-suite and a separate parents’ retreat, and there is also a guest house with separate entrance, living area and kitchenette.
Other features include 2 double garages with custom doors, circular driveway, car wash, manicured lawns and gardens, security camera system, 11 TVs and 4 Apple iPad boot ports.
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