Burleigh Dream Home Has Curves in All the Right Places

The newly completed five-bedroom mansion in Burleigh Heads’ Koala Park precinct sold for $4.4m to a local professional couple after marketing agent Jordan Williams, of JW Prestige Agents, pivoted to a private treaty sale just days before the property was scheduled to go under the hammer.

The sale marked a record for Tawarri Crescent, an exclusive enclave of about 30 homes where original beach shacks are giving way to luxury new builds.

Positioned on a 569 sqm lot between Burleigh Headland and picturesque Tallebudgera Creek, the home was the latest project for Paradise Building Solutions director Jarrod Williams and his wife, Seraphina, a vet with a creative flair for interior design.

Designed by Habitat Studio Architects, the double-storey home had curves in all the right places and featured bespoke stonework, a sleek spiral staircase and lavish poolside entertaining area.

Jarrod Williams said they rented in Koala Park for a year before jumping on the chance to secure the site off market for $1.7m in 2023.

They lived in the existing cottage with their two young children during the design phase, relishing the laid-back beachside lifestyle.

“With this build, I really wanted something that would challenge us with all the curves and circle work,” he said.

“We were inspired to create something unique that would become a statement house for the street, where there are still a lot of older homes but among the newer builds this stands as something different from the barn house or the Hamptons house.”

Despite its dream-home credentials, the listing was impacted by soft auction conditions on the Gold Coast, where clearance rates dipped to 43 per cent last week.

Of 88 reported auctions, 33 properties were passed in, 21 sold under the hammer, and 15 withdrawn, PropTrack data shows.

Last week’s top auction result was $2.55m for a renovated home at Mudgeeraba, while the highest private treaty sale was $5.2m for a beachfront apartment in Broadbeach.

“My sellers had built a magnificent home and deserved to achieve a street record for Tawarri Crescent, which is regarded as one of the best streets in the Koala Park precinct,” Jordan Williams said.

“We had a lot of people through the home and no one could fault it — but the auction campaign was pretty abysmal. I pulled it and listed the property with a price instead.

“My biggest concern, which I voiced to the sellers, was holding the auction and running the risk of some hot shot coming in with a stupid bid. Then the only question moving forward would be, ‘What happened at the auction?’.”

Mr Williams said the switch to private treaty helped “protect the listing” and secured the best outcome.

“The clearance rate across the nation is down, and significantly so in Queensland and on the Gold Coast.

“Auctions aren’t performing well as buyer confidence is low and many are struggling to arrange finance.

“I am finding that most of the buyers who are able to proceed have just sold their properties, so they are buying and selling in the same market,” he said.

The buyers of 37 Tawarri were a couple relocating from the northern Gold Coast who made a cash offer to secure the property.

The sale eclipsed the street’s previous benchmark of $4.31m set in 2022 for an award-winning contemporary coastal home designed by Reece Keil.

PropTrack data shows house prices in Burleigh Heads fell 2.9 per cent over the past 12 months, to a median $1,402,500.

 

This article was originally published by Gold Coast Bulletin