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Then…one of two absolute beach houses for sale in Palm Beach.
With the listing of two original huts on the beachfront unique to Palm Beach, this simple beach hut is on the verge of extinction.
The two properties at 99 and 259 Jefferson Lane are located on the beach in a multi-storey trophy home and are each owned and sold to wealthy buyers willing to satisfy their less humble price tags.
The crumbling two-bedroom cottage is located on a block of 429 square meters. 259 was listed with Kollosche’s Troy Dowker for $4.975 million.
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The first choice for your dream home? 99 Jefferson Lane is sold in partnership with Scott Wagner Beachfront Brokers.
No. 99 is configured as two two-bedroom apartments on a 575 square meter plot, which has been tightly held by the same family for 83 years. The latter was listed by Scott Wagner of Scott Wagner Beachfront Brokers, and the letter of intent will expire on June 28.
“I’m surprised by the resurgence of interest in expats because it did decline during the pandemic, but now the curiosity of expats seems to have increased… People have advanced their retirement plans by five years, sometimes even ten years, “Mr. Wagner said.
259 Jefferson Lane is in its original state in the 1950s and has a large lawn.
…And, of course, the front yard!
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He said that the property is the first batch of children bequeathed to them by the owners. They are now in their 80s and still live in the apartment.
No. 259 was built in the 1950s and remains in its original state, with a beachside deck and a large pasture.
Property records show that its last purchase was in 2001, when it was purchased by a local investor for US$1.2 million, who kept several other waterfront properties nearby.
99 Jefferson Lane is sandwiched between two mansions.
There are 83 years of living by the sea.
Mr. Dowker said that he had received some quotations below the asking price, mainly from Sydney and Melbourne, as well as overseas and Queensland buyers.
“Currently, expats who have been away for 5 to 10 years and plan to move back to Australia have a good appetite. This is an opportunity to keep the cottage or renovate, or rebuild and customize their perfect waterfront residence,” Mr. Dock said.
The plot has 10m of waterfront, which is not suitable for multi-family residential development.
Absolute beachfront cabins are one of the fewer and fewer remaining on the Gold Coast. Similar cabins at Mermaid Beach have just been sold for a record $7.7 million.
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