Joel Robinson | 18 November 2020

Noosa riverfront sells for nearly $11 million

Noosa riverfront sells for nearly $11 million

The Noosa area has quietly clocked up its fourth $10 million plus sale of 2020.

A Noosa Heads riverfront on Mossman Court, built just last year by local go-to building designer Paul Clout, has sold for $10.91 million.

It's been bought by the little-known Karl Wenzel, the South African-born businessman who recently spent $5.28 million on Peppers Ruffles Lodge & Spa at Willow Vale in the Gold Coast hinterland.

Documentation had him give his address as his longtime Mosman home.

There's little detail on Wenzel's most recent purchase, secured off-market through Tom Offermann Real Estate agent Tom Offermann.

A swimming pool sits in a central courtyard, with the main kitchen, living and dining space opening out to the river and private sandy beach.

Clout designed the home after the 610 sqm riverfront property traded for $4.2 million in 2017, then an original four bedroom home.

Mossman Court has been one of Noosa's most expensive streets in the last few years.

There's been 10 house sales over the last 18 months, each selling for at least $4 million.

It's the fourth property to sell for over $10 million in the Noosa LGA in 2020.

First there was the Hastings Street penthouse secured by Elizabeth Ring, the cashed-up ex-wife of Swisse Vitamins billionaire Stephen Ring, for $14 million.

Then Therese Rein bought the Sunshine Beach home Pat Rafter built and in June another Noosa riverfront sold for $11.2 million to Hamell Retail founders Daniel Burke and wife Kylee.

Hamell successfully established main street retail precincts in areas undergoing urban renewal throughout the 90s.