The iconic Montego Motel, Mermaid Beach is now SOLD! 

At $5,300,000 it’s one of the highest non beach front rates per square metre in this corridor to date.

Mermaid Beach rate per m2 averages $2,200 – $2,800, we achieved $3,227.

The buyer was one of 6 who submitted offers, but their first offer was over $3,000,000 less than the final sale price.

The buyers could have been disregarded with an offer so low.

However, something told us their intentions were sincere, and they requested a last minute meeting on Christmas Day. They just needed more confidence and understanding of the Gold Coast market to increase their offer.

We now have happy buyers and delighted sellers making this sale especially rewarding.

For more information and or consultation on similar price driven outcomes, please contact us, 0449 993 114 or laura@canfordea.com.au.