Buyer Secures Rare Kings Beach Gem For $2 Million

Buyer Secures Rare Kings Beach Gem For $2 Million

Buyer Secures Rare Kings Beach Gem For $2 Million

Soldiers, saw millers and even a star golfer have called it home, now this character-filled Kings Beach gem is ready for a new chapter following its recent sale to a Brisbane buyer for $2 million.

One of the last remaining original beach homes in Caloundra, 14 Orvieto Terrace attracted waves of interest from developers, investors and owner occupiers, eventually selling prior to Auction only days after being released to the market.

Henzells Agency’s Property Consultant, Eric Murray, said the response was overwhelming with the property receiving over 3,000 website views, more than 1,000 video views and 11 offers before the deal was eventually sealed for $2 million cash and 10% deposit.

“The buyer has young children and was looking for somewhere with a bit of space for the family to grow. He aims to upgrade the existing property and keep it as a holiday home,’’ Eric said.

First built by the Australian Government for soldiers to rest and recover after returning from war, the Orvieto Terrace home was also used as a residence for the region’s timber cutting pioneers at its original location in the Sunshine Coast hinterland throughout the 1940s.

It was moved to its present position during the 1950s, raised on stilts after surviving a major cyclone and from 1967 through to 2005, it was the family home of champion golfer, Cheryl Cowie. Its most recent owners, based in Adelaide, had enjoyed it as a much-loved holiday home for many years.

The home is situated on a prime 607sqm North facing allotment, within 150m of the patrolled beach and surf club. It has three bedrooms, one bathroom, outhouse with laundry and shower, single car accommodation plus features timber walls and iron roofing complemented internally with polished timber floors and high ceilings.

Eric said the buyer, who purchased another Kings Beach home from him in 2018 for $645,000, was extremely happy with the outcome.

“With the Caloundra beach suburbs recording 25% price growth in the past 12 months and all signs pointing to a similar trajectory throughout 2022 and beyond, these opportunities are being quickly seized upon,’’ he said.

Henzells Agency
Accom Caloundra
Pelcan Waters Foundation
Pelican Waters Caloundra