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502 Nerang-Murwillumbah Rd, Advancetown was last sold (that I can find so far): 03/09/2007
I *think* this is it:
http://www.domain.com.au/property/for-sale/rural/qld/advancetown/?adid=2006520995
good image of the dam:
http://images.domain.com.au/img/2007625/7398/2006520995_7_FS.JPG?mod=070815-120401
Even that ad says "Location approx 7-8 mins to Nerang". Must be a quicker way there than Goggle knows about.