Gold Coast house sells for $120,000 more than the asking price

first_img14 Ninth Ave, Palm Beach sold for or $821,000.A PALM Beach property has sold within five days of hitting the market for $120,000 more than the asking price.A local buyer snapped up the four-bedroom house at 14 Ninth Ave for $821,000.First National Palm Beach agent Dave Danes said he received 14 offers on the property.“The thing about this property was its location,” he said.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North11 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day ago“Ninth Ave is a quiet street and it doesn’t have much thoroughfare.“It is also close to the (Palm Beach) CBD and the beach.”Mr Danes said the buyer had plans to eventually knock the house down and replace it with a duplex.“Currently the 405sq m block has a low set four-bedroom, two-bathroom house but it is the perfect location for development,” he said.He said high demand coupled with a low supply of properties was creating a seller’s dream in Palm Beach. 14 Ninth Ave, Palm Beach.last_img