PHOTO: The home at 18 Austin Ave, North Curl Curl.

A LUXURY beach house being offered for $5 has sparked a frenzy among local residents desperate to snap up the home.

The $4 million beach house in the popular beaches enclave of Curl Curl is being given away in a landmark draw to raise money for veterans.

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Tickets are being offered at $5 but charity RSL Art Union said residents in Curl Curl and neighbouring suburb Dee Why have been buying the bulk of the tickets.