A luxury prize home on the Gold Coast has been listed for sale just days after the raffle draw, as the winner opted for the alternative prize of gold bullion equivalent to the property’s value. The fully furnished home, valued at $3.67 million by Yourtown’s recent draw, was part of a unique offer allowing the winner to choose between a dream home or gold.
Yourtown, the charity behind the draw, posed a thought-provoking question to participants: “A home to hold memories or gold to make them anywhere – what will you choose?” The winner, a single mother from Sydney, decided to take the gold, planning to invest in a home closer to her support network.
A Heartwarming Decision
Yourtown CEO Tracy Adams commented on the winner’s choice, stating, “Every winner’s story is unique, and this one is especially heartwarming. She’s chosen a path that gives her family stability and the chance to build a future on her own terms. That’s the kind of impact we strive for.” The decision reflects a growing trend among prize home winners to prioritize financial security and personal circumstances over immediate luxury.
The Property and Its Market Journey
The property, located at 20A Tarrant Dr, Mudgeeraba, was acquired by Yourtown for $3.31 million in an off-market deal in March, facilitated by Kollosche agent Danny Stanley. The sprawling five-bedroom, three-bathroom home, designed by Jayson Pate, features stunning neutral tones, natural textures, and high-end finishes.
Built in 2024 and previously owned by auctioneer Glenn Screech, the home boasts skyline views, a resort-style pool, a fire pit, and multiple indoor and outdoor entertaining zones. According to Mr. Stanley, the property will be sold fully furnished, offering buyers a “turnkey luxury lifestyle experience.” He added, “This is a brand-new home offering a great lifestyle for families with plenty of space and privacy, with beautiful sunrise and sunset views of the Gold Coast.”
The property is scheduled to go under the hammer on September 19. Notably, this sale gives Mr. Stanley the rare opportunity to sell the same property twice within a few months.
Trends Among Prize Home Winners
More than 50 percent of Yourtown winners choose to move into their prize homes rather than sell or rent them, with the average hold period ranging from one to three years. “Some stay longer, while others sell sooner to capitalize on market conditions or relocate for lifestyle or work reasons. We also have many that stay forever,” Ms. Adams noted.
Meanwhile, other prize homes are also making their way to the market. A contemporary coastal home in Palm Beach, won a year ago, is listed for auction on September 19. The four-bedroom, two-bathroom property at 143 Tahiti Ave, fully renovated by its former owners, was purchased by Yourtown for $2.95 million in March last year.
Further north on Bribie Island, a home with golf course views at 212 Freshwater Dr, Banksia Beach, is listed with a $1.55 million price tag. The winner, a keen golfer, is parting with the property less than two years after winning it.
Selection Criteria for Prize Homes
Yourtown selects prize home properties based on several factors, including location, architectural design, build quality, market growth potential, and family-friendly features. The charity often enhances these properties before its campaigns, adding interior styling and furnishing, landscaping and entertainment upgrades, and technology and electrical inclusions.
The decision of the Sydney single mother to choose gold over the luxury home underscores the diverse needs and priorities of Yourtown’s winners. As the property prepares to go to auction, it remains to be seen who will next call this stunning Gold Coast residence home.
