Home Australia The owners of a cottage have spent decades rejecting offers… now they’re laughing all the way to the bank after selling it for a record price

The owners of a cottage have spent decades rejecting offers… now they’re laughing all the way to the bank after selling it for a record price

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The house was marketed as an opportunity for developers, but will remain a residential property.

A “tiny” seaside cottage has broken sales records after its owners rejected offers for decades before finally deciding to put their property on the market.

The three-bedroom house on Mcilwraith Street in Moffat Beach, on Queensland’s Sunshine Coast, sold for $6.72 million at auction on Saturday.

About 80 people crowded into the home’s small living room to begin bidding for $3.5 million.

The house’s managers had rejected offers for several decades before finally deciding to sell it.

Property records show that no other residential property in the suburb has sold for a higher price.

The only purchase that was close was a house two doors from the cabin, which RSL purchased for $6 million two years ago.

David Millar Real Estate director David Millar said owning a home in Moffat Beach has become a status symbol among Queenslanders.

“Anyone who is anyone now wants to be associated with the Moffat Beach district,” he said. wellbeing.com.au.

The house was marketed as an opportunity for developers, but will remain a residential property.

The A-frame cabin was built in 1970 on a 506-square-metre block.

Its street has long been coveted for its uninterrupted sea views and easy access to Moffat Beach.

‘This has unlimited views to the north and there is no traffic between it and the ocean. Unique properties are moving a lot here,” Mr Miller said.

About six of the original houses on the street remain, but the cabin’s two neighbors have been settled for several years.

“There is a four-year-old house to the east and a large, older, renovated residence to the west,” Mr. Miller said.

The house was initially marketed as a development opportunity to be converted into units, but the young couple who purchased it decided to keep it as a residential lot.

Its announcement declared it a “once-in-a-lifetime opportunity” for investors.

“Opportunities like this are few and far between in this exclusive precinct, renowned for its stunning countryside and vibrant coastal lifestyle,” it said.

‘Incomparable investment potential, with strong prospects for capital appreciation in this privileged location.

“Whether you are an astute investor, a developer with vision or an owner dreaming of a seaside getaway, this property presents endless possibilities.”

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