Luxurious Broadbeach Waters Waterfront Home Hits Auction Blocks!
Discover the luxury waterfront auction of 20 Bal Harbour Dr, Broadbeach Waters, featuring opulent design and stunning city views.
Luxurious Broadbeach Waters Waterfront Home Hits Auction Blocks!
The highly awaited auction of a luxurious waterfront home located at 20 Bal Harbour Dr, Broadbeach Waters, is just around the corner, set to take place at 11 am this Sunday. This unique property, designed by the renowned Dave Franklin of The Block fame, is making waves as it hits the market for the first time since its construction in 2014. While the price is yet to be disclosed, it’s likely to reflect the area’s robust real estate growth.
This stunning residence is sprawled over a generous 792 sqm and boasts an enviable north-east orientation, allowing for breathtaking views of the city skyline. The home features five spacious bedrooms, five bathrooms, and a remarkable seven-car basement garage that also includes a gym and recreational spaces. Outdoor enthusiasts will appreciate the barbecue terrace, tropical landscaping, firepit, and an inviting poolside bar, perfect for entertaining guests or enjoying a quiet evening at home.
A Blend of Luxury and Design
It’s not just the exterior that impresses; the interior of this home promises luxury at every turn. A striking copper and zinc exterior leads into a tastefully designed space that includes a sleek monochrome kitchen, a spiral staircase, and polished concrete floors. A standout feature is the lavish master bedroom, which boasts a large walk-in robe, an exquisite ensuite, and its very own private balcony.
Adding to its charm, residents will find eclectic artwork and a stunning white baby grand piano, along with a unique freestanding bathtub placed elegantly under a chandelier. For families, a kids‘ play loft featuring rock climbing grips is sure to be a hit.
Community and Real Estate Insights
Broadbeach Waters is a vibrant suburb in the Gold Coast Region of Queensland, home to a population of about 7,779 people, with 20.15% living in rental accommodation. The median listing price for houses here is approximately $2.5 million, showcasing an impressive increase of 8.93% over the past year (and a whopping 28.20% over two years) according to Real Estate Investar.
Additionally, the rental market is thriving, with a median rent price of $1,250 per week and a rental yield of 2.60%. The average time to sell a house stands at around 70 days, while properties in this sought-after suburb often don’t last long on the market.
For those considering property investment, Broadbeach Waters is an area that does a good deal— it offers a desirable lifestyle, a well-maintained community, and proximity to local amenities. In fact, the vacancy rate currently sits at a low 1.31%, reflecting strong rental demand.
As the auction approaches, all eyes will be on this architectural gem. Whether you’re a potential buyer or simply interested in the changing landscape of this beautiful area, this property is undoubtedly one to watch. For more details on Broadbeach Waters and its impressive real estate prospects, be sure to check out Your Investment Property.
Stay tuned—the excitement is building!