Pacific Paradise, Queensland mortgagee home sold after unsuccessful auction

A Pacific Paradise, Queensland home has been sold for $505,000.

The four bedroom, two bathroom house sold after an unsuccessful June 1 auction.

Brad Reed of North Shore Realty marketed the listing.

Situated at 10 Parkland Drive, the home resides in the “Sands Estate” in Pacific Paradise.

Set on 600 sqm, the home features a double lockup garage.

The 2006 built home has a fully fenced backyard and a built in wardrobe in all four bedrooms.

The listing described it as a "solid brick and tile home."

It is located minutes from public transport, Mudjimba Beach, Maroochy River, schools and other amenities.

Last sold in May 2006, the property transacted for $190,000, a $20,000 increase on its April 2006 sale price of $170,000.

The median price for a home in Pacific Paradise is $485,050 according to CoreLogic, which calculate its annual change in median price over the past 10 years as 2.8%.