Prime Noosa real estate going cheap ... just one catch
THIS is not a misprint. You can buy a 14.87 hectares of flat Noosa land close to the river and ocean for $750,000.
The only catch is you will need a boat or ferry to get there.
But what is really going to make you cry is when you realise how much you could have bought the property for only four years ago.
Tom Offermann real estate has the large tract of land for sale on Noosa's popular North Shore.
Selling Agent Richard Locke said the property was "priced to sell" and had previous approval for the development of 42 houses on the site.
Brisbane-based Developer Petrac had obtained the approval as part of its $1.5 billion plans to revitalise the Noosa North Shore with its Beach Road Holiday Homes development and the Noosa North Shore Resort
That plan went pear shaped in October 2008 when the company was placed into the hands of receivers.
A CoreLogic search show the property was bought by Crownworld Australia in March 2013 for $330,000.
It has now been put back on the market.
Mr Locke said it was first listed for a million dollars in October , but the price had been reduced in February..
"They don't want contracts with long due diligence," Mr Locke said.
The property is a mere 1500 metres to the ferry and 1500 metres to the sea and is zoned for tourism.
"You could build six cabins on there, or have it as a caravan park," Mr Locke said.