$4.5 million Sorrento land parcel sells as family home site

$4.5 million Sorrento land parcel sells as family home site
Staff ReporterNovember 3, 2019

A vast vacant land holding, in Victoria's costal suburb of Sorrento, has sold for $4.5 million.

Situated at 19 Westmore Avenue, the property comprises 7534 square metres.

It was bought for the construction of a private family beach residence, despite expectations that the property would sell to a developer wanting to build flats or divide the block up.

The price guide of $4.5 to $4.75 million was provided with the listing.

It previously traded in 2017 when it was sold for $4 million, however, before that the block had not changed hands since 1891.

The median house price in Sorrento is $1.45 million.

Rob Curtain and Hamish Opray, from Peninsula Sotheby's International Realty Sorrento, listed the property.

Editor's Picks

26 Vista Street, Surfers Paradise apartment development, hits 70 per cent sold
Latent Defects Insurance 101: What is the Technical Inspection Service (TIS) Program
City Beat January 2025: Gold Coast property values continue to grow as off the plan enquiries hit near 12-month high
Live parkside in Melbourne for under $500,000
Amalgamated Property Group launches Affinity Broadbeach apartments ahead of construction commencement