Maroochydore apartment smashes records with $6.1M sale

Ray White Maroochydore agent Ari Whisson sold the property off-market and said the 328sqm apartment at 401/88 Duporth Avenue represents the highest price ever paid for a half-floor apartment in Maroochydore and the highest price per square metre on the street.

“At the time the contract was signed, it was the highest sale in the suburb excluding off-the-plan transactions,” Mr Whisson said.

The property now sits as the second-highest recorded sale in Maroochydore, behind only the $9,000,000 penthouse in the same building.

Remarkably, the same residence sold just 12 months earlier for $5,000,000, representing a $1,100,000 increase in value.

Mr Whisson said the result reflects a maturing luxury market on the Sunshine Coast.

"Buyers are becoming incredibly specific. Over the last few years there were plenty of buyers and hardly any options,” Mr Whisson said.

“Right now slightly more owners are considering selling, which gives buyers slightly more choice.

"They no longer have the same fear of missing out and they are far less willing to compromise.

“When they see the right residence they know it will be competitive and that they will need to pay to secure it."

The level four apartment features three ensuite bedrooms, two living areas, a study nook and private rear balconies with views across the Maroochy River, river mouth and out to the Pacific Ocean.

Residents can also access premium amenities including a pool, spa, sauna, gym and private pontoon.

The sale was sold off-market to a private local family who previously owned a smaller coastal apartment and were specifically seeking a residence in the Lorient building, Mr Whisson said.

"This opportunity was shown to one buyer only. It highlights how important relationships and trust have become at this price point, with buyers and sellers wanting privacy.”