New record set for Lennox house price
By MARY MANN email@example.com A SEVEN-bedroom home overlooking Boulder Beach has been snapped up at auction for a massive $2.6 million.
The sale has set a record price for coastal acreage properties of its size at Lennox Head.
And there are not many of its kind left on the market. Brett Jones, principal at PRD Nationwide, Lennox Head, says properties near water are selling like there is no tomorrow.
"Anything on the coast or with water views is just selling so quickly it is phenomenal," Mr Jones said.
"The top end of the market is huge, anything over $900,000 is moving fast."
Mr Jones said an American man in his 50s bought the Boulder Beach property, which had been owned by a local couple since 1999.
The man came to the area to look for a holiday home and spotted it in The Weekend Star's Property Week.
"He stayed around until the auction was held," Mr Jones said.
"He only looked at the place for about 45 minutes during the open house time, then at the auction he walked up and paid the $2.6 million in cash.
"Then he flew back home the next day." The house is set on 11 acres and has seven bedrooms, four bathrooms, two garages and an outdoor swimming pool.
It has breathtaking views over Boulder Beach and the back of Lennox Point.
"Wealthy people are looking at different investment opportunities," Mr Jones said.
Meanwhile, Elders at Ballina has listed a property at Cumbalum which it expects to break the record for that area.
Director John Nicolson said the property at 58 Pacific Heights Drive would go to auction on February 2.
"The record for that area is under a million dollars and we are expecting this property to go for well over a million," he said.
And while the property market is booming in the Ballina and Lennox Head areas, new statistics show Suffolk Park is the new hotspot of the Northern Rivers.
Property valuer Tod Gillespie has said it is an area to look out for in the lead-up to the opening of the Tugun bypass next year.