Downsizing among the well-heeled has been upsized dramatically judging by some of the most notable apartments sales this year.

A FORMER bait and tackle shop will soon be home to a multi-million dollar block of units for cashed-up baby-boomers. The same site where Maroochydore favourite Bill’s Bait Bar and an old apartment block stood, will make way for a $20 million waterfront high-rise.

PRIME waterfront land that was once a fishing shack to Hollywood A-listers and is now a luxury block of units, has sold for a record-smashing price. For more than a century, the land at 63 River Esplanade, Mooloolaba, was owned by Fred Eager of motoring fame, and his Pink House used as a holiday home to the stars.