Sorrento

Sorrento is a small suburb that is encompassed by Bundall. It is centrally located in the heart of the Gold Coast city, south of Ashmore Road, and is identified as a quiet enclave of homes in a much desired area.

The canal estate now has about 400 dry blocks and more than 800 waterfront blocks, backing onto the main river and linked canals. It is not uncommon for these riverfront properties to reach a price tag of over $4 million dollars and they remain the suburb`s main attraction.

The middle to upper class lifestyle is well catered for, with the convenience of nearby shopping facilities, Pindara Hospital, schools, and of course the famous Gold Coast beaches.

Tucked away within Sorrento is the exclusive island address, Isle of Sorrento, which is made up of only a few streets – all named after Australian animals.

Single detached dwellings make up almost 95 per cent of housing in Sorrento, with the remainder townhouses and apartments. The majority of homes in Sorrento are over 30 years old and as such there is much renovation taking place in the area. The area also lends itself to razing existing buildings to make way for new developments.

Some of the last pieces of prime, waterfront vacant land in this highly sought after location went under the hammer last July. Hundreds of people descended on the Riviera Estate at Sorrento to witness the large auction of prestige housing lots, with one buyer shelling out more than $2.3 million for two east-facing waterfront blocks.

The most recent release in Sorrento was a small development of land in Freyburg Street.

Source: REIQ