Luxury Gold Coast home fetches $11m as buyers flock to Main Beach

In a suburb where apartments already fetch $20m, a house on a dry block has now sold for $11m – and agents say Main Beach is just getting started.It comes as The Spit undergoes a billion-dollar transformation with the $400m Mantaray development, the next stage of Mariner’s Cove which is set to become a Ritz-Carlton Hotel, and the $500m Marina Mirage redevelopment.46 Woodroffe Ave, Main Beach has sold for around $11m.Inside the Woodroffe Ave house.Ray White Malan + Co Runaway Bay agent James Drake handled the sale of 46 Woodroffe Ave, Main Beach, which was inked off-market.He declined to comment on the sale price but confirmed it was around $11m.“Main Beach is so tightly held and when we look at the future development of what’s coming, there really is a big push for people wanting to live in the area,” he said.“Because the apartment market sits significantly higher, between $10-$20m, buyers are starting to realise the blue chip pocket — the housing market — and that there’s just not that much land.“The land value has significantly risen due to the tightly held aspect so when houses do come to market they are heavily contested.”The main living area.MORE NEWS: AFL star’s luxury home f...