Real Estate

Gold Coast mega-mansion changes hands almost two years after hitting the market

Gold Coast mega-mansion changes hands almost two years after hitting the market
Written by The ReReport
As seen in the Source link, written by realestate.com.au on 2019-11-05 07:00:00

The Sovereign Islands residence at 47-49 Knightsbridge Pde West has changed hands in a $5.5 million deal.

THE ink has dried on the sale of a Gold Coast mega-mansion that was on the market for almost two years.

The Sovereign Islands residence’s $5.5 million deal was penned a month ago but settled recently.

It comes two-and-a-half years after it was first listed in March 2017.

Property records show it was taken off the market before being relisted eight months later in November.

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It had been on the market for almost two years before it sold.

The buyers plan to update its interior.

Several agents tried their hand at selling the Knightsbridge Pde West property but Ray White Sovereign Islands principal Ali Mian and agent Edin Kara sealed the deal.

Mr Mian said they received multiple offers but a local couple won the keys.

“It does need a bit of cosmetic (renovations) and those buyers are going to be doing that slowly,” he said.

“These people love the position – it’s got wide water and stunning views.

“It’s the iconic corner where all the big mega homes are on Sovereign (Islands) too.”

The buyers were attracted to the property’s position and view.

The three level mansion resembles a mini-resort with a porte-cochere, six bedrooms, seven bathrooms, a gym, lift, bar, pool, media room and 52m of water frontage among its offerings.

It also has panoramic views of the Broadwater and Hinterland.

CoreLogic data shows it last sold in September 2016 for $5.625 million – five months before it was relisted.

It had an asking price as high as $7 million at one stage before it was scaled back to $6.8 million then $6.295 million. It also went to auction several times.