Double block Palm Beach, Gold Coast sold by Sisters of Charity
A Gold Coast beachfront double block has been sold by a Catholic religious order for the first time in half a century.
The 1A Fourth Ave, Palm Beach was sold by the Congregation of the Religious Sisters of Charity of Australia.
The Sisters of Charity have been operating since 1838.
The sale price is undisclosed but understood to be around $3 million.
The five-bedroom cottage was used as a holiday home on an 870sq m block with 22m of beach frontage was sold by McGrath Broadbeach agents John Natoli and James Ledgerwood.
It last was for sale 54 years ago.
Up-market beachfront homes in Palm Beach have fetched as much as $3.3 million this year.
McGrath marketed it has one of only six properties on Palm Beach with double beach frontages.
The median house price for Palm Beach Queenlsand is $600,000, according to CoreLogic RP Data.