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Highest price recorded in eight years at exclusive enclave

first_imgSOLD: This Raby Bay property achieved the highest price seen in the enclave since 2010.Property analyst and developer Chris Anderson and his wife Virginia have sold their Raby Bay home for the highest price achieved in the waterfront enclave in eight years. Property analyst and developer Chris and Virginia Anderson’s Raby Bay home sold for $5,250,000.According to CoreLogic, the Andersons purchased the 929sq m home on 1426sq m waterfront land in 2014 for $4.5 million and sold the home at 8 Sentinel Court, for $5.25 million. The closest price achieved in the past eight years was for a property just down the road, at 28, which went for $5 million in 2012. “When a rare property like this becomes available buyers respond.“It was sold to a local family from Raby Bay who were just upgrading – a young family with toddlers.Mr Anderson said he was pleased the property had sold to another family.“Between the elegance comes functionality and the overall lifestyle advantages to Redland city and Raby Bay,” he said. Video 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. 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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 The fact that it came with its own private beach resulted in more than 70 people inspecting the home.First National Real Estate agent Ryan McCann sold the property and said the home’s size and the fact that it came with its own private beach resulted in more than 70 people inspecting the home.“There’s no doubt the top end of the market in Redlands is moving and moving quickly,” Mr McCann said. The sale was the highest price recorded in the Raby Bay market in eight years.More from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours ago“The price I feel reflects where we see the Redland market going. “More and more people are looking to the Redland City and the Redland coast lifestyle as a real alternative, but they still want all the convenience, so properties like this are now back in vogue.“I think there’s only 16 properties in Queensland that offer this type of beachfront living and it’s hats off to the architects and original owners, as it is a solidly built home that takes full advantage of its position.”Mr Anderson said they planned to move into a penthouse at their next development Toondah Outlook, due for completion in March 2019.“We’re like many others our age and older, in so far as we have a family that has grown and moved on or are in the process of moving on,” he said.“So it is time for us to look at the options and Toondah Outlook is a very special place with the room we want, the views and the comforts we’re used to.” The beachfront property sold for $5,250,000.The home features a seven car garage, gym with its own bathroom, guest quarters, a private marina berth, a backyard boat launch ramp, 7m vaulted ceilings with floor-to-ceiling glass walls and almost 15m of frameless glass bi-fold doors. The home features 7m vaulted ceilings with floor-to-ceiling glass walls and almost 15m of frameless glass bi-fold doors.The home features a seven car garage, gym with its own bathroom, guest quarters, a private marina berth, a backyard boat launch ramp, 7m vaulted ceilings with floor-to-ceiling glass walls and almost 15m of frameless glass bi-fold doors.Mr Anderson said he did not expect the property would sell so quickly and had to make plans on where to live in between now and March next year.“We estimated to the agent that we were planning to auction here in October/November and I think he worked through his base of inquiries from the last lot and got on the phone,” he said.“He actually bought the buyer here and sat down and did the deal here over a cold drink.“We have another smaller penthouse in one of our developments, which we’ve been using as a display that we will be moving into,” he said.“That one there is actually for sale, that’s the uncertainty for us, we could move in there and it could be sold in three weeks.” >>FOLLOW EMILY BLACK ON FACEBOOK<<last_img read more