NOOSA AUCTION SHOWDOWN
At what was possibly one of the most controversial auctions in Ray White history, a 40ha beachfront site on Noosa’s north shore was snapped up for a whopping $16.2 million.
Located at 337 Teewah Beach Road, the property was owned by developer Michael Malouf and his wife, Sass & Bide co-founder Heidi Middleton, as well as the Cameron family before a dispute led to a Supreme Court ordered sale.
The beachfront site was marketed by RWC Special Projects agents Mark Creevey and Tony Williams, in conjunction with RWC Noosa and Sunshine Coast agents Paul Butler and Paul Forrest. “We had a lot of interest in the lead up to the auction, including interstate interest and offshore interest,” Tony said.
“Bidding started at $4 million and was called on the market at $7 million before skyrocketing to $16.2 million with heated bidding.” The winning bid was cast by Michael Malouf and Heidi Middleton with the Camerons as the underbidders.
