Sold under the hammer: Noosa North Shore beachfront parcel fetches $16.2 million

A hotly contested 40ha beachfront parcel at Noosa North Shore has sold under the hammer for a staggering $16.2 million at an action-packed auction today. The property, located at 337 Teewah Beach Road, was subject to a Supreme Court order and was offered for sale by Glenn O’Kearney of GT Advisory & Consulting and Tim Elliott of Bell Legal as statutory trustees.

The beachfront parcel generated a lot of interest, with nine registered bidders in attendance on auction day. Bidding started at $4 million and quickly escalated with a total of 41 bids before reaching the final sale price of $16.2 million.

Mark Creevey and Tony Williams of RWC Special Projects, along with Paul Butler and Paul Forrest of RWC Noosa and Sunshine Coast, marketed the property. Ray White Queensland chief auctioneer Gavin Croft presided over the auction, calling the proceedings that saw the property sold at a record-breaking price.

The property boasts approximately 450m of absolute beachfront and a cleared grass area on the eastern portion of the site facing the beach. The freehold title is zoned rural residential and can be accessed via a bitumen sealed road from the North Shore Ferry.

This sale marks a significant milestone in the real estate market, showcasing the demand for prime beachfront properties in popular holiday destinations like Noosa. The successful auction highlights the strong interest from both local and international buyers in acquiring premium coastal land for investment or lifestyle purposes.