White Shells, Marcoola Sunshine Coast penthouse sold by mortgagee
The White Shells penthouse apartment in Marcoola on Queensland's Sunshine Coast has been sold by mortgagees.
It fetched $700,000 when sold by Jay Pashley and Liz Hope from North Shore Reality.
It was last sold at $1,115,000 by the developer, Twaddle Developments in 2007.
The east facing beachfront apartment with views had been on the market since September.
The penthouse has the direct access to its exclusive roof deck.
The apartment came with two bedrooms, two bathrooms and office nook.
According to CoreLogic, the median price for units in Marcoola sits at $380,000.
Another White Sheels apartment sold last year at $698,000 to a Netherlands couple who work at their Chinese embassy. Apartment 42 was a three bedroom luxury apartment on the first floor in the South East corner.
The marketing advised it had "previously been valued at just under one million dollars."
It had been sold off the plan in 2007 at $985,000.
The CoreLogic Pain & Gain report highlights the Sunshine Coast loss-making locality (below).
Click here to enlarge.
All 48 apartments have either a north or east-facing aspect. White Shells has four residential levels with lift access to every level and there are three separate entrances into the apartments, making living at White Shells much lower density than most apartments.
On completion there had been very little in the way of brand new beachfront apartments on the coastal side of the David Low Way.
It sits at the corner of Merchants Parade and Seashore Street, Marcoola.
