Sovereign Islands waterfront mansion on the Gold Coast sells for $14.18m, setting price record

Sovereign Islands waterfront mansion on the Gold Coast sells for $14.18m, setting price record

Mr Kim had local, interstate and international interest in the property on Sir Lancelot Close, which is surrounded by manicured parklands and offers panoramic views from South Stradbroke Island to Surfers Paradise.

The sprawling mansion has 55 metres of Broadwater frontage. 

“It’s very private, which people love, almost like a hidden gem,” Mr Kim said. “We did about 20 inspections and had multiple offers, which quite surprised me because before COVID, it was not easy to find a buyer in this price range … but the way that people think has changed and those who have always wanted extra space and extra land are going for it.”

The property had also been listed with Amir Prestige.

The Grand Vista mansion has a mix of formal and casual living spaces. 

The home spans three levels and sits on a 2103-square-metre block, with 55 metres of Broadwater frontage. It has seven bedrooms with en suites, including a self-contained suite for guests or staff. There are 12 bathrooms in total throughout the three-storey home and parking for 19 cars – including basement parking for eight cars.

The home is perfect for entertaining, with a gourmet kitchen featuring European appliances and a mix of formal and casual living spaces, including a grand dining and living room, another lounge and a bar.

Then there’s the al fresco entertaining area, an outdoor kitchen, multiple outdoor terraces, as well as a 3600+ bottle temperature-controlled wine cellar, a lift, a 25-metre lap pool, a gym and a steam room.

The home has a 25-metre lap pool. 

The mansion was once owned by former Gold Coast developer John Fish, who reportedly spent millions of dollars on extensions and renovations after purchasing the luxury home for $6.5 million in 2003. The home sold for $7 million at auction in 2010, after a $9.2 million contract fell over, and it went into the hands of receivers. It was bought by businessman Brian Peat at less than half the initial $15 million asking price in mid-2009.

The sale comes less than two weeks after a six-bedroom, seven-bathroom waterfront home at the opposite end of Sovereign Islands sold under the hammer for $7 million.

The Knightsbridge Parade property was just down the road from a lavish trophy home that hit the market for about $44 million back in 2019. The property, on a whopping 3477-square-metre waterfront block, remains on the market, despite a price drop to $36 million late last year. The property last sold for $5.3 million in 2013, when it was a half-completed house.

This story first appeared at Domain.

This content was originally published here.


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