Gold Coast beach cottage owned by the same family for 60 years sells for $4.9m

first_img215 Hedges Ave, Mermaid Beach.ONE of the few beachfront cottages left on the Gold Coast’s Millionaire’s Row has changed hands in a $4.9 million deal.The Mermaid Beach property at 215 Hedges Ave – which was owned by the same family for 60 years before it sold – was snapped up within 18 days of hitting the market.The Agency agent, John Natoli, who marketed the property with Ryan Ward, said the buyers did not want to risk losing it to someone else.215 Hedges Ave, Mermaid Beach.215 Hedges Ave, Mermaid Beach.“The strength in the sale is because it was a corner block,” he said.“There’s not many to begin with but of those 29, only seven blocks are ones that can be improved.“I think the buyer recognised that and decided to act very quickly.“They’re from interstate and will use the home as a holiday home for a few years.”Mr Natoli said it was a “bitter-sweet” time for sellers Brian and Janette Gibson, who were reluctant to list the property.MORE NEWS: Raising the bar for luxury livingMORE NEWS: Live on the EdgeMore from news02:37International architect Desmond Brooks selling luxury beach villa13 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoMr Gibson’s late mother Barbie bought it in 1958 for a few thousand pounds, then passed it down to her three sons before the couple bought out Brian’s brothers in 1985.“She (Barbie) and her husband had a property in Surfers Paradise but as far as she was concerned, Surfers was getting too busy and noisy,” Janette Gibson told the Bulletin when the property hit the market in December.Brian and Janette Gibson have lived at 215 Hedges Ave since 2002. Brian’s mother originally purchased the property in 1958. Pic John GassVideo 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 estate01:59“Then she saw this Mermaid Beach property. At that stage there were only gravel roads.”The Gibson family used the house as a holiday home throughout the 1960s to the 90s.“Our children and grandchildren have known it all their lives as a house for holidays,” Ms Gibson said.“It was always a lovely family area and that was why everybody loved it.”Brian and Janette took up residence in the property in 2002.They said they could never have imagined what Mermaid Beach, and particularly Hedges Ave, would become.The property was initially listed with a $5.3 million price tag.last_img

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