CQ estate to fetch up to $30m in record breaking sale

A TROPHY coastal estate at Emu Park is expected to fetch one of the highest residential property prices in Australia this year, its selling agent says.

A TROPHY coastal estate at Emu Park is expected to fetch one of the highest residential property prices in Australia this year, its selling agent says.

Ray White Rural Queensland's Peter Douglas said Mount Haven, which boasts two of central Queensland's most iconic homes, was a unique opportunity already generating national interest since it was listed about one week ago.

Mr Douglas wasn't keen to speculate what price Mount Haven could reach.

However, he was confident it would be among the top national sales this year.

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The property is expected to fetch between $10 and $30 million.

The Australian Financial Review yesterday reported market expectations were between $10 million and $30million.

While local real estate identities thought the top end of this scale was "optimistic", all agreed this was one of, if not the, best homes in central Queensland.

The property is spread over two freehold lots with the second lot having a permit for an eight-lot subdivision.

Livingstone Council Deputy Mayor Graham Scott said there was a wonderful "high end" tourism opportunity associated with the purchase.

Cr Scott said council was supportive of working with any potential buyers to help develop the right product.

The estate, set on 80ha, includes a luxury two-bedroom home with its own self-contained two-bedroom unit and a family home.

One of the properties was designed by the award-winning KMM architects.

Having fallen in love with Emu Park, the current owners decided to make a sea change from bustling Brisbane more than 10 years ago.

Their son later brought his family along for the journey.

Respected Capricorn Coast real estate authority Richard Vanhoff, who operates in the international marketplace and specialises in island and resort sales, said he expected Mount Haven would generate good interest.

Talk of a $30m sale was "a bit ambitious", Mr Vanhoff said.

He said the inability to get key resort developments advanced on the coast would impact the final sale price.

He said if GKI and Iwasaki's projects were up and running, it "would significantly increase the full value of any property on the Capricorn Coast".