The Cove, Unit 1, sold under the hammer over the weekend.
When bidding opened at $4.8m for this Noosa apartment, the final price was always going to be eye-watering, especially with half the bidders dialling in from lockdown in Victoria.
A total eight bidders registered to bid on Apartment 1 at Noosa’s prestigious Little Cove, which sold over the weekend after a whopping 38 bids were cast.
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The kitchen of the apartment which sold for a whopping $6.3m.
Agent Nic Hunter from Tom Offermann Real Estate said “the strong opening bid of $4.8m set the pace on the sun-drenched balcony just 30m from Little Cove beach”.
“We had a lot of interest 130 email enquiries and hundreds of phone calls on the property, eight registered bidders on the day, six of whom were very active right up to $6m,” he said.
“From there two basically pitched for the property further and further with bids of $50,000 increments up to the successful Melbourne-based buyer being the last man standing at $6.3m. It was a fantastic response to what is a gloriously positioned property.”
The appeal was “absolutely about the location”, he said.
“That was the number one appeal for all these bidders,” he said. “It was a property that people have been waiting for. for a long time. The successful bidder actually missed out on the sale of the penthouse three years ago.”
Seconds from the beach and a close walk to some of the best features Noosa has to offer.
The ground floor unit in the luxury complex saw two bidders register from the Sunshine Coast, one out of Brisbane, one out of New South Wales and four register out of Melbourne.
“A lot of people are rebooting their thoughts on the next five years with themselves and their extended families, and the lack of opportunities to travel internationally.”
“A lot of people in the high end are looking to find a position in Noosa which ultimately once we clear these COVID-19 restrictions is just three hours from Melbourne door-to-door. Melbourne buyers have always had a strong interest in Noosa and even more so at the moment.”
The apartment was listed as having three bedrooms, three bathrooms and a single garage with “a private garden entrance, no stairs and no close neighbours except for koalas in the eucalypts near the easterly terrace”
At a massive 300sq m, the apartment is the largest in The Cove complex where the resort has 23 luxury holiday apartments, a pool, outdoor entertaining and BBQ facilities for guests.
Property such at Apartment 1 in such a prime position in Noosa came up “very rarely”, Mr Hunter said.
“One thing we noticed in prime spots is a lot of owners repeatedly say to us that they will hand them down to their family. A lot of people are buying for their future generations to enjoy.”
Mr Hunter has five buyers still on the hunt in the $5m price range for Noosa property.
Other bidders were still on the hunt in the $5m price range, he said.
“We’ve got five other cash buyers left over (from the auction) who are seeking a similar quality property and position in Noosa.”
Mr Hunter said the buyers were looking for opportunities that were an easy walk to the water or facilities, no matter whether it was an older or a newer property.
Agency principal Tom Offermann said the sale capped off a strong week for his team where two properties broke the $10m price tag.
He said the Apartment 1 sale “highlights how much confidence there is in the Noosa market, especially when you consider that seven other buyers with over $5 million to invest have walked away empty-handed”.
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