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$42m Gold Coast mega-mansion returns to market after sale falls over

$42m Gold Coast mega-mansion returns to market after sale falls over

Bellagio La Villa has reappeared on real estate websites, while a designer Bronte oceanfront is expected to sell for more than $20 million.

When Chinese billionaire property developer Riyu Li reportedly sold his Gold Coast hinterland estate, Bellagio La Villa, for $42 million in February, it was touted as the highest price paid at auction in the Sunshine State.

But in some good news for those in the market for a lavish chateau-style mega-mansion 10 minutes from the beach, the sale never materialised. The sprawling Tallebudgera estate has now reappeared on real estate websites around the country, complete with a new agent and no set price guide.

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Bonnie Campbell
Bonnie CampbellLuxury property reporterBonnie Campbell is the luxury property reporter at The Australian Financial Review Email Bonnie at bonnie.campbell@afr.com

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Original URL: https://www.afr.com/property/residential/42m-gold-coast-mega-mansion-returns-to-market-after-sale-falls-over-20230608-p5dezn