Gold Coast island home fetches 2011 record $8.3 million

Gold Coast island home fetches 2011 record $8.3 million
Jonathan ChancellorSep 13, 2011

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While falling short of its desired $10 million, a Gold Coast mansion has been sold for $8.3 million, the highest price this year in Queensland.

The six-month-old Sovereign Islands home with its rare 65 metres of water frontage was sold by estate agent Amir Mian at Ray White Runaway Bay.

The house of 2,000 square metres of luxury sits on a double block of 1,483 square metres.

It was sold by Gold Coast owner/builder Gary Brewster and his wife, Lucy, who managed all the interior designing of the home. It sold to Streeton resident Youhe Wu.

It was marketed by Mian as boasting the widest view of the Broadwater on Sovereign Islands and on the calmer side of the Broadwater, making it better for boat owners.

Its expansive entertaining areas flow seamlessly to alfresco areas featuring teppanyaki bar and grill.

There’s a 25-metre lap pool and a plunge pool with a bar.

A lift services all three levels, including its 20-car basement garage.

“This home is not just an average home, it's a cut above the rest,” Mian notes.

The land cost $3.06 million in 2006-2007.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.