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The property at 1-3/22 Smith Street Mooloolaba, known as Tamari Court, features two original holiday units and a residence on land subdivided in 1955, owned by the same family since 1971.

Ray White Mooloolaba director Brent Higgins is marketing the property which is set to go to auction on 15 November.

“This is a rare opportunity to acquire a piece of Mooloolaba's heritage in a prime beachside location with significant development potential,” Mr Higgins said.

Mr Higgins said the proposed SEQ Regional Plan zoning changes presented an exceptional opportunity for this site.

"The introduction of mixed-use zoning with building heights up to 28 meters recognises Mooloolaba's status as a high-amenity area with excellent infrastructure,” he said.

“This property is perfectly positioned to capitalise on these changes, offering savvy developers the chance to create a landmark project in one of the Coast's most sought-after beachside locations."

Linda Parsons is selling the property alongside her siblings Ron, Thomas and Frank.

The siblings have owned the property for about 20 years following the passing of their parents.

Ms Parsons said her parents purchased the block with dreams of building their family home.

"They were going to build a house, but then they decided to build a home at the back and two holiday units at the front," Ms Parsons said.

Ms Parsons said her family’s story was woven into the fabric of Mooloolaba's history.

Her grandfather owned the first two ice works factories in Mooloolaba and Maroochydore, serving the local fishing industry that once defined the coastal community.

Growing up in the area during Mooloolaba's transformation from a quiet fishing village, Ms Parsons and her siblings enjoyed an idyllic beachside childhood.

"We lived close to the beach - every afternoon after school we would walk across the road to the beach, or down the other way and swim across the river before the canals were built," she recalled.

"We had a great childhood and life - we just didn't realise it at the time."

Ms Parsons said the property developed its own traditions over the decades, with the same holidaymakers returning year after year.

She said her father, a fisherman, would supply guests with fresh fish, while they would reciprocate with fruit and vegetables - as many had travelled from farming areas.

Now in their 70s, the four siblings have made the difficult decision to sell.

"It's been a tough decision - we have so many great memories here,” she said.

“Lots of our family have been involved in it at the time - lots of grandkids have stayed at the property over the years."

While the property has had renovations over time and is currently liveable, Ms Parsons sees its true potential lying in future development.

"I think that little area there is waiting to be developed - I think it's going to happen and will be great for people - it’s a short walk to the beach and shops,” Ms Parsons said.

"The area has developed over time - it's amazing. There were no high rise buildings when I was growing up in Mooloolaba."

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