AUSTRALIA: You won’t believe how much this beach shack just sold for

PHOTO: This beach shack at 193 Jefferson Lane, Palm Beach, has just gone under contract.

A TINY, original beach shack on the market for $3.25 million has just sold — making its former owners close to $1 million in just two years.

The two-bedroom classic abode on 412sqm of absolute beachfront land at 193 Jefferson Lane, Palm Beach, was built in the 1970s and has barely been touched since.

Palm Beach is an hour’s drive from Brisbane and 10 minutes from Gold Coast Airport.

The suburb has a median house price of $820,000, with prices increasing more than 10 per cent in the past 12 months, according to CoreLogic.

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