SOLD
Sold on 16 May 2024 for $7,700,000

3321 Gold Coast Highway
Surfers Paradise QLD 4217

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 850m2
Land area: 849m2
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Property Details for 3321 Gold Coast Hwy, Surfers Paradise

Building Type
Land
Floor Size
850m2
Land Size
849m2
Local Government
Gold Coast City
Lot/Plan
32/RP40234

Last Listing description (September 2018)

- Land area 852m2
- DA for 112 x 2 bedroom units + 8 penthouses
- Potential hotel operator in place at circa $3m p/a - 1st Year

- DA can be amended to suit various accommodation needs
- Prosperous market is seeing successful outcomes for end product
This beachside development opportunity offers various options for accommodation with interest from Hotel operators and other uses such as retirement living, modern backpacker resort and serviced apartments.
Opportunities of this nature and securing beachside development sites are now becoming limited in Surfers Paradise. The proposed development offers a uniquely designed building with generous sky homes and facilities. We are seeing similar end products swiftly taken up by both local and interstate markets.
This northern part of Surfers Paradise offers direct access along the Esplanade to beachside boardwalks from central Surfers Paradise to Main Beach, making this location more attractive and user friendly for residents.
*Approx
Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.

Property History for 3321 Gold Coast Hwy, Surfers Paradise, QLD 4217

A timeline of how this property has performed in the market
Last Sold
$7,700,000
16 May 2024
  • 16 May 2024
    Sold for $7,700,000
  • 15 Nov 2021
    Sold for $8,000,000
  • 29 Mar 2018
    Listed for Sale Contact Agent
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About Surfers Paradise 4217

The size of Surfers Paradise is approximately 6.3 square kilometres. It has 20 parks covering nearly 7.3% of total area. The population of Surfers Paradise in 2011 was 19,668 people. By 2016 the population was 23,688 showing a population growth of 20.4% in the area during that time. The predominant age group in Surfers Paradise is 20-29 years. Households in Surfers Paradise are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Surfers Paradise work in a professional occupation. In 2011, 41.5% of the homes in Surfers Paradise were owner-occupied compared with 39.9% in 2016.

Surfers Paradise has 25,225 properties. Over the last 5 years, Houses in Surfers Paradise have seen a 72.39% increase in median value, while Units have seen a 98.47% increase. As at 31 October 2024:

  • The median value for Houses in Surfers Paradise is $2,308,496 while the median value for Units is $767,523.
  • Houses have a median rent of $750 while Units have a median rent of $673.
There are currently 369 properties listed for sale, and 88 properties listed for rent in Surfers paradise on OnTheHouse. According to CoreLogic's data, 1586 properties were sold in the past 12 months in Surfers paradise.

Suburb Insights for Surfers Paradise 4217

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.