Vacant block at Yamba attracts $930k
By ADRIAN MILLER
A VACANT waterfront block at Yamba's Crystal Waters development has been snapped up by a Sunshine Coast couple for $930,000.
Selling agent and Raine and Horne Yamba principal Denise Strange said she believed the money fetched for the block was the highest ever paid for a vacant block in Yamba.
Mrs Strange said the buyers planned to build a home on the 2453 square metre block, located on Palm Terrace, to live in and had no plans to sub-divide.
"I'm not aware of there being any sales higher than that amount, certainly not on the canals," Mrs Strange said.
"There are homes that have sold for more than that, but I'm not aware of any blocks that have sold for that sort of money, that's for sure."
The block offers unrestricted access to the ocean by boat and is only minutes from Yamba's beaches.
Mrs Strange said the position of the property was second to none.
"It's just exceptional waterfront, it's a fairly large block - nearly half-an-acre - and it's on the water," she said.
"It's different to the normal canal block ... it's bigger, got deeper water and you're not looking at houses or anything like that (across the water)."
The site is not the only Yamba property to attract a high price tag, with at least two houses earlier this year attracting more than $1million each. Mrs Strange said the difference between those sites and the one at Palm Terrace was that they faced the ocean, overlooked two of Yamba's main beaches - Convent and Pippi - and already had houses built on the site.