first_imgThe apartment at 4/79 Albatross Ave, Mermaid Beach has sweeping ocean views.AN Australian family living overseas will call the Gold Coast its home away from home after snapping up a beachfront apartment.They splashed $2.4 million on the Mermaid Beach residence, which had been on the market for more than four years.Harcourts Coastal agent Tolemy Stevens, who took over the property’s marketing in October, said the Australian expats, initially from Sydney, were sourced from his database.He knew they were looking for a property where they could step out the front door straight onto one of the Gold Coast’s best beaches.The apartment includes the three floors in the middle of the building.It has a rooftop terrace with plunge pool and barbecue area.“They wanted it to have a base on the Gold Coast as a beautiful holiday home for their young family,” he said.Property records show the apartment hit the market in November 2014 with a $3.4 million price tag.It was marketed by multiple agents and the price slashed several times before Mr Stevens took over and dropped the asking price further.It went under contract last month before settling last week.MORE NEWS: Coast development flaunts fresh styleMORE NEWS: Swoon-worthy Gold Coast home up for grabsMr Stevens said the property was one of many that had been snapped up by interstate and overseas buyers in recent months.“It just shows how strong the market currently is for that (type of) real estate,” he said.“This one in particular is quite unique because it almost feels like a home.”The tri-level penthouse-style apartment is one of five in the Albatross Ave building — there are two apartments below it and one either side.More from news02:37International architect Desmond Brooks selling luxury beach villa12 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoIt has four bedrooms, two bathrooms, multiple balconies, soaring ceilings and a rooftop terrace with a plunge pool and bar.Soaring ceilings are one of the apartment’s standout features.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:46Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:46 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. 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 Rate1xFullscreenChoosing an apartment to invest in01:47One of the apartment’s most appealing features is its ocean views as it looks like the waves come crashing in right on its doorstep.Mr Stevens said the property attracted a lot of prospective buyers, with many who had showed interest when it first hit the market returning once the price had been reduced.He said the Gold Coast market, particularly prestige properties, seemed to have an “insatiable appeal” among interstate and overseas buyers at the moment.“That’s the sixth deal I’ve done along the beachfront in the past four weeks,” Mr Stevens said.“Every single one of the purchasers has been from Sydney or Melbourne or overseas.“They are buying the premium real estate.“It’s crazy, I don’t have enough listings to sell the buyers.”He said the softening markets in Melbourne and Sydney were driving buyers to the Gold Coast.According to latest CoreLogic data, the median sale price for a house in Mermaid Beach is $1.38 million and $425,000 for an apartment.last_img