IFM Investors senior executive Kyle Mangini and his wife Amanda have emerged as the buyers of one of Sunshine Beach’s most striking contemporary holiday homes, paying a non-beachfront record of $13.5 million for the designer property known as Azure.

The American-born global head of infrastructure at the Australian fund titan purchased the home in November, but recently updated property documents reveal the Melbourne-based couple are the new owners, after it settled in a company name linked to Ms Mangini.