RICH-lister Christina Quinn has snapped up a Sanctuary Cove mansion for $10.9 million.
It comes as the prestige market on the Gold Coast moves into high gear, with another $10 million sale on The Sovereign Islands.
Ms Quinn, who built the VIP Petfoods empire with husband Tony before selling it for $410 million and buying Darrell Lea confectionery, bought her Sanctuary Cove property after offloading her art deco-style mansion at Tamborine Mountain for $5.5 million earlier this year.
The deal for Ms Quinn’s chateau inspired-residence at 2086 The Circle is the second-highest property sale at the prestigious golf and marine community.
She declined to comment.
The Sanctuary Cove property was marketed by Ray White Prestige Gold Coast’s Matt Gates, who secured the off-market sale.
CEO Andrew Bell said high-end sales tended to restore confidence in the general market.
“When high net-worth individuals are outlaying serious money for properties, it assures people the market will continue to gain strength,” Mr Bell said.
“These deals come at a time when people are demonstrating renewed faith in the Gold Coast as the city heads towards the 2018 Commonwealth Games.”
On The Sovereign Islands, it is the biggest property deal in the elite enclave of islands in a decade after its market was battered by the Global Financial Crisis.
Dubbed one of the Gold Coast’s most unique properties, 37-39 Brittanic Cres has all the modern luxuries expected of a contemporary waterfront residence, including a cinema, several entertaining areas, commercial-grade barbecue and two boat moorings.
Sellers Jenny and Clint Karan bought the two properties in 2003 and 2006 for a combined $4.275 million and transformed them into one giant estate.
The resort-inspired residence sits behind wrought-iron gates on a 2168sq m block with cobblestone driveways and paths throughout.
“The house has a Tuscan-Mediterranean feel externally and that’s the original architecture, all we’ve done is tidy it up,” Mr Karan said.
“My wife has a flair for design and so a lot of the internal work is from her — it’s from our travels and the different things we’ve seen.”
Prestige Property Agents’ Amir Mian and Ivy Wu managed the sale of the Sovereign Islands home and said a local family bought the property.
Both sales follow a string of deals on the Coast, including a beachfront mansion at 159 Hedges Ave, Mermaid Beach, which went for $13.25 million.
The highest sale of the year so far is a property at 57-59 The Corso, Isle of Capri which sold for $15.5 million in July.
TOP 10 SALES 2016
$15.5 million, 57-59 The Corso, Isle of Capri
$13.25 million, 159 Hedges Ave, Mermaid Beach
$11 million, 18-20 Southern Cross Drive, Surfers Paradise
$11 million, 107 Albatross Ave, Mermaid Beach
$10.9 million, 2086 The Circle, Sanctuary Cove
$10 million, 37-39 Brittanic Cres, The Sovereign Islands
$8 million, 7313 Bayside Close, Sanctuary Cove
$7 million, 120 Commodore Drive, Paradise Waters
$6.25 million, 3001 & 3002 ‘Ultra’ 14 George Avenue, Broadbeach
$5.5 million, 46-54 Curtis Rd, Tamborine Mountain
Original article published at www.goldcoastbulletin.com.au by Aleisha Pidgeon 06/9/16
Gold Coast mega mansion sells for millions in cash in just two days
TWO mega-mansions on the Gold Coast fetched the biggest prices in Queensland in the past week, according to CoreLogic.
TWO mega mansions on the Gold Coast fetched the biggest dollars in Queensland in the past week, according to property analytics company CoreLogic.
An architecturally designed home on Main River in Broadbeach Waters sold for $2.95 million in just two days to an expat living visiting from Hong Kong.
Features include a large boat pontoon, freshwater pool, Bali hut, outdoor shower and riverside deck with skyline views.
Scott Dytor of Dytor & Yates said the buyer was on the Gold Coast for the Magic Millions Raceday pre-sales and saw the property listed for sale in the window of the agency.
A five-bedroom, six-bathroom home on 2000 sqm at Sanctuary Cove was the second biggest sale of the week, according to CoreLogic.
The house has been home to a number of star tenants, including Brad Pitt, Angelina Jolie, Pink, Harry Styles, Dave Grohl, Paris Hilton and Johnny Depp.
Multi-million dollar sale price for Palm Beach waterfront mansion
A “DREAM home” on a prime waterfront block in the southeast has been snapped up for a multimillion-dollar figure prior to going to auction.
The waterfront property at Palm Beach sold within two weeks of hitting the market, and ahead of its scheduled auction on December 2.
The residence was on the cover of the Gold Coast Bulletin’s Realestate on November 18.
The five-bedroom, four-bathroom home at Barracuda Court, was built by vendors Ian and Jill Campbell.
Katrina Walsh of Harcourts Coastal marketed the property.
“The purchaser wanted to snap up the property prior to it going to auction,” Ms Walsh said.
“They recognised the beautiful property and put in an offer to make sure they owned it.”
She declined to disclose the purchase price.
Property records show the couple bought the 1085 sq m block in 2008 for $1.25 million.
The Campbells told the Bulletin it was their “dream block” after waiting 28 years for something like it to become available on the point.
The couple demolished the original house, a big old structure, and rebuilt the contemporary mansion in its place, with one major element in mind — to have water views from every room.
There is a choice of two master bedrooms, both looking out over the canal. One occupies a waterfront wing on the ground floor, while the other is mirrored on the upper level.
The residence features a pool with a water curtain and reflection ponds inside.
The home also includes an executive office, open retreat with waterfront balcony, media lounge room and a spacious family room.
The residence was Queensland’s most popular listing last week, with the highest number of views on realestate.com.au.
Originally Published: www.realestate.com.au
Gold Coast mansion to sell for $7 million profit in two years
A Gold Coast business identity stands to make close to $7 million profit on his house in only two years.
Records show business identity Jonathan Grasso, co-founder and managing partner of property consulting group Belvue International, purchased 131-135 Monaco St, Broadbeach Waters, with his wife, Roberta, in 2015 for $3.14 million.
Only two years later, it’s back on the market with a list price of $9.95 million — representing a tidy $6.81 million profit.
If the Grassos’ mansion sells for the list price, it would mean it has risen by a whopping 217 per cent of its original value, a staggering result given the time frame.
For $9.95 million, the Grassos’ home offers exceptional luxury. Set on a prime 2303 square metre block with 24 metres of north-to main river frontage, this tri-level architecturally designed residence spans 130 squares and includes self-contained nanny quarters, wine and piano lounge, riverfront cabana, 25-metre heated lap pool, 12-metre pontoon with power, five bedrooms, seven bathrooms and a 10-car basement garage with cinema.
“These owners were lucky; they bought this property a couple of years ago when the market was much flatter and now they’re selling at a time where there’s been a flurry of activity in this street, with a number of properties transacting in recent months,” he says.
“It’s usually very hard to get in there (Monaco Street). The properties there are very tightly held.”
Monaco Street, an exclusive stretch of Broadbeach fronting the Nerang River, has long been famous for its multimillion-dollar mega-mansions and high profile owners — and a string of recent jaw-dropping transactions has only reinforced its position as one of the Gold Coast’s most exclusive addresses.
Recent sales in the street include 255 Monaco Street, Broadbeach Waters, which Mr Kollosche sold in an off market deal for $11 million.
201-205 Monaco Street, which sold for $9.5 million in only 21 days, was purchased by a Taiwanese billionaire who bought it as a holiday house for his son.
75-77 Monaco Street, also brokered by Mr Kollosche, sold last month for $9 million.
Prestige property on the Gold Coast continues to go from strength to strength. Figures from the Domain Group’s rental and house price report show houses on the Gold Coast grew by 7.3 per cent overall last year — the best result of all major Queensland regional markets.
More than half of the top 20 property sales in Queensland were made on the Gold Coast last year; the top five alone, all located at Surfers Paradise and Mermaid Beach, totalled $76.2 million.
Originally Published: https://www.domain.com.au
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