Paradise Point castle: Most Discounted Trophy Home of the week

Paradise Point castle: Most Discounted Trophy Home of the week
Jonathan ChancellorJan 26, 2012

The founder of internet travel website Club Freedom, Ron Litherland, has further reduced the asking price to $12.5 million for his European Gothic-inspired castle built on Sovereign Islands on Queensland's Gold Coast.

He once wanted $20 million for the not quite majestic Paradise Point property.

It’s currently for sale through several local agents including Zlata Becic at Mint Properties.

The recently built four-level imitation castle, complete with balustrades and turrets, has seven bedrooms and nine bathrooms.

It also has two studies, a home theatre, a library and a billiard room. There is an entertainment area on the roof and in the basement there is a garage for up to 20 vehicles.

The house has floors of polished Travertine marble, fireplaces in Sahara Gold granite and hand-crafted, mahogany-mullioned windows.

One of its earlier listing agents, George Bobolas of Ray White Paradise Point, indicated an offer of $14.1 million was knocked back during his 2010 listing.

The house is on a 1,458-square-metre block on Knightsbridge Parade West, which was bought for $3.75 million in 2007 by the Phuket-based former truckie from Brisbane.

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.