Gold Coast Beachfront Mansion sold for All -Timer $ 27.5 million price tag – Realestate.com.au

Queensland has registered one of the greatest residential sales ever, with a Gold Coast Mansion sold off-market for an amazing $ 27.5 million.

Sitting in the ‘Millionaires’ Row’ by Mermaid Beach, the house on the beach on 127 Hedges Ave was last purchased in 2021 for more than $ 15 million. Only four years later, the property has now sold for almost double the price.

While the sales agent Amir Mian refused to comment on the buyers, it is clear that a local family had splashed the amazing amount to acquire the appreciated package.

“A standard block on Hedges Ave will have 10 meters on the beach,” said Mr. Mian. “This is 15m, which gives you an incredible sense of space and the wider width of the beach, as well as the proximity of the facilities of BroadBeach.”

The sale is one of the most expensive ever included in both the Gold Coast and the rest of Queensland.

The house was owned by Maria Moy at the time of the sale and was purchased by a local who had scored the area. It was previously built for Dreamworld co-founder John Longhurst in 2017.

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The house was owned by Maria Moy before the sale, who previously bought the property from owners Michael and Benita Brosnan.

The wood and concrete house was architecturally designed and built in 2017, at the time owned by Dreamworld co-founder John Longhurst.

With two levels, the Mansion has five bedrooms, a swimming pool in resort style and a terrace on the beach that brings residents directly to the sandy coasts.

The property was unchanged since the last purchase in 2021, which means that it has almost doubled in value since that sale.

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Mr. Mian said that the real estate of 607 m², which had seen touch-ups in 2017, since the 2021 purchase was unchanged.

‘[Years ago]You could buy in Hagen for $ 6 million, knockdown, “he said.” Now Mermaid Beach is almost the most expensive suburb in Queensland. “

“On the one hand you have the beach, and on the other … you are minutes for literally everything. It is very rare.”

The median house price of Mermaid Beach is currently at $ 3.4 million, making it the fourth most expensive suburb in the state.

The site on which the building was built, which now has five bedrooms and a terrace with residents who brings directly to the beach.

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Hedges Ave, known as’ Millionaires’ Row ‘, is known for massive luxury features with gigantic price tags, such as the Corner -owned of $ 28 million from Clive Palmer.

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But Hedges Ave is known for extravagant sales, with billionaire Clive Palmer reported to have bought a $ 28m corner house on the same road.

Mian said by the time that some of the most prestigious property of Hedges Ave are on the market, he expected some of them to get tens of millions more.

“Those sales will pop up, if one of those suppliers is to sell,” he said. “If that happens, I think that is the only area on the Gold Coast who will attract it [massive] Prices. “