Retro beach shack at Surfers Paradise wows a buyer for $1.35 million

Imagine kicking back in your own retro beach shack, dropping the pin on a Daddy Cool track and pouring an icy XXXX lager.

The buyer of 24 Pine Avenue, Surfers Paradise, will be spending an authentic Aussie summer here, for the cool price of $1.35 million.

The neat, sweet but basic butter-yellow cottage on the Gold Coast is dwarfed by modern, waterside towers, in the shadow of thousands of apartments that are popular with visitors.

It sold at auction on November 30 – on the books of Katrina Keegan and Penelope Nicholls of Harcourts Coastal – for the first time in 70 years.

24 Pine Avenue, Surfers Paradise, Queensland

24 Pine Avenue, Surfers Paradise, Queensland, sold under the hammer for $1.35 million. (Domain)

It is in a rare, plum Budds Beach position, in the heart Australia’s holiday capital, where apartments are much more common and land is hard to come by, which helped achieved the sensational sale.

Budds Beach is a precinct of Surfers and tightly held. The cottage is only steps from the Nerang River foreshore, at the corner of Pine Avenue and Oak Avenue.

Original features are a reminder of the home’s history.

Polished floorboards and ceiling details feature throughout. The kitchen is in older style but had been refreshed, as has the green-tinted bathroom.

The entry is at the side, directly into the kitchen. All bedrooms have built-in wardrobes, with the central bathroom and laundry tucked at the rear.

The home has been a rental for at least a couple of years and is tenanted at $665 per week until April 23 next year.

The home has been sold for the first time in 70 years. (Domain)

It was going for $420 per week in 2020, before the price boom in regional and holiday hot spots.

The median house price in Surfers Paradise is $2.366 million, Domain data shows, which is a rise of 40 per cent over the past 12 months. In the mid-term, the price growth has been ferocious in Australia’s beach-bum capital, at 95 per cent over five years.