This property at 41-45 The Promenade, Isle of Capri, has bought for a brand new Queensland residence sale value report of $27m. Image: Glenn Hampson.

THE report for Queensland’s most costly residence sale has been smashed with a waterfront Gold Coast mansion fetching a whopping $27 million.

The three-level home on a sprawling Isle of Capri property at 41-45 The Promenade has bought to a purchaser from Sydney, because the urge for food for luxurious property within the state hits unprecedented heights.

It’s the second report sale in Queensland for a accomplished residence this 12 months after a Mermaid Seaside trophy home modified palms for $25 million in Might.


The outside of 41-45 The Promenade, Isle of Capri. Image Glenn Hampson

And the report might be eclipsed once more inside days as negotiations proceed on a Sovereign Islands trophy mansion, which was handed in at public sale final weekend for $28 million.

Promoting agent Amir Mian of Amir Status declined to touch upon the Isle of Capri sale because of a confidentiality settlement, besides to say the Gold Coast’s status market was on hearth.

“There are real consumers on the market and extra persons are keen to calm down on the Gold Coast,” Mr Mian mentioned.

“You may blame that on the virus or you may blame it on the life-style we now supply, which is the seashores and the cafes.”


The house as seen from the river within the canals of Isle of Capri. Image Glenn Hampson

Mr Mian mentioned COVID-19 had accelerated demand for Gold Coast property, notably from worldwide and interstate consumers, however it was a development that had been slowly rising.

“The high-end (property market) on the Gold Coast has been subdued for a while now,” he mentioned.

“In the event you examine it with Double Bay (in Sydney), and if that is the brand new norm, … the place would you relatively be? That’s the query persons are asking.”

Mr Mian mentioned riverfront properties had been beginning to rival beachfront properties due to the shortage of inventory.

“There aren’t many beachfront properties — you may actually rely them in your fingers,” he mentioned.

“Riverfront gives the most effective of each worlds. Isle of Capri’s very central, so it’s positively in demand.”

Negotiations are persevering with to promote this property on Sovereign Island, after it was handed in for $28m final weekend at public sale.

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The sprawling compound fronting the Nerang River in Isle of Capri was residence to businessman Bruce Coulson and his spouse Carolyne Coulson.

An older single-level home was cleared to make manner for the imposing Jared Poole design which noticed an extension added to an present residence together with a riverside pool, tennis court docket and rooftop bar with views again to the hinterland.

The Coulsons launched into the home in 2017 after spending $13.45 million on adjoining properties.

The view from the property at 26-34 Knightsbridge Pde East, Sovereign Island, which might set one other new report for a house sale in Queensland.

At $27 million, the riverfront sale trumps the $25 million contract signed in Might by property developer Dean Pask for the household residence of BreakFree founder Tony Smith at 2 Heron Ave, Mermaid Seaside.

The Smith sale equalled the value achieved on former Billabong boss Scott Perrin’s Albatross Ave, Mermaid Seaside mansion, often called Tidemark, which had held the state report for a accomplished home since 2016.

All eyes at the moment are on the extravagant residence on 5 titles at 26-34 Knightsbridge Pde East, Sovereign Island, as negotiations proceed.

This property at 2 Heron Ave, Mermaid Seaside, held the earlier report for a house sale in Queensland of $25m. Equipped for realestate.com.au use.


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