Gold Coast real estate: More than $920m in million-dollar sales settled in 492 June transactions
Almost a billion dollars in high-end sales were settled in June, as the Gold Coast’s blistering property market showed no sign of cooling. FIND OUT WHO BOUGHT WHAT >>>
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ALMOST a billion dollars in high-end sales were settled in June, as the Gold Coast’s blistering property market showed no sign of cooling.
There were 492 transactions of $1m or more between June 2 and July 1, totalling more than $920m, Queensland Government data reveals.
That’s about five times the 90 transactions of $1m or more settled in pre-Covid June 2019, when high-end sales totalled less than $200m.
Among the biggest sales settled last month were the Soul penthouse, which was purchased by a Gold Coast business identity for $15.25m, setting a Queensland auction record.
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One of the city’s biggest residential sales was for a property that doesn’t even have a building on it – the 4333 sqm vacant riverfront block at 231 Monaco St, Broadbeach Waters was sold by rich lister Grahame Mapp for $8.94m.
The buyer was a company directed by Sunland managing director Sahba Abedian and his brother-in-law Riaz Rezvanipour.
Down the road, Gold Coast property identity Jonathan Grasso and his wife Roberta settled the sale of their renovated mansion at 131-135 Monaco St for $8.5m.
The buyer was Carolyne Coulson, wife of Kool Kids founder Bruce, whose previous home at Isle of Capri smashed the Queensland record for a completed house when it sold off-market for $27m last year.
The Grassos had purchased the Monaco St mansion for $3.41m from Travis and Alison Bawden in 2015.
Maritimo founder Bill Barry-Cotter and wife Lesley are also among those to land themselves a new home in June, picking up 41 Rankin Pde Main beach for $5.3m.
Sellers Jennifer Price and Timothy Abberton had held the property opposite Pelican Beach since 2015 when they paid $1.725m for it.
High-profile North Queensland businessman and former Cowboys chairman Laurence Lancini has bought himself a piece of the Gold Coast, picking up a $5m pad in the Sorrento pocket of Bundall with Karen McKinley.
The four-bedroom Bayden Goddard-designed home came with 22m of water frontage, Ralph Lauren wallpaper and Calacatta marble and fish-scale tiles in the bathrooms.
Mr Lancini and Ms McKinley’s purchase was from Sascha Webster, who bought it for $1.25m a year ago before knocking it over and building the dazzling new replacement.
Millionaire co-founder of tooth whitening juggernaut Hi Smile Nik Mircovic sold his home at 25 Arthur St Mermaid Beach, offloading it to Gabrielle Dobson and John Ratcliffe for $2.41m.
Several mansions changed hands on the exclusive Sovereign Islands, including 64 The Sovereign Mile, sold for $3.47m by Sandra Haselhorst and David Jenkins to Park Pavitt.
Financial planner Mr Jenkins first listed the mansion back in 2017 with an intention to accept 500 Bitcoins as payment.
At the time, when the cryptocurrency was trading at $12,678, it translated to an asking price of $6 million.
If a buyer had come in at that point, those 500 Bitcoins would this week have been worth $23m at Monday’s conversion rate of around $46,000.
The Jenkins haven’t left the islands, picking up a home on nearby King Charles Dr for $2.375m.
On Royal Albert Dr, Christine and John Renton have sold No. 86, which they bought for $923,000 in 2007, to Andrew Smith for $3.175m.
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At Runaway Bay, the James Bond-esque mansion at 10 Shearwater Esplanade has a new owner after Michael Kuhne sold it for $7.35m.
The waterfront mansion features a concealed wet room offering thrillseekers direct jet ski access to the Broadwater hit the market in March with a $7.9m price tag. He’d previously listed it for $11.8m in 2017.
New owners Melissa Ozoux and Kim Price will also enjoy a 7m-high internal waterfall modelled on the Gold Coast’s iconic Wet‘n’Wild theme park in the luxurious six-bedroom home.
Down the road, No. 16 also has a new owner, with Amber Bromley picking up the four-bedroom waterfront home for $3.5m.
Property records show sellers Arion Reeves and Cherill Pierson had paid $3.59m in 2011.
In the same suburb, Karen and Mark Small sold, for $3.2m, their home at 8 Constance Esplanade to new owner Brad Newton.
The property, which boasts 180 degree views of the Broadwater from most rooms, and long canal water views with bridge-free access for boating, last sold in 2018 for $2.4m
Also at Runaway Bay, Kate Evans and Joshua Lowry purchased 34 Bulolo Ave for $3.95m.
The sellers, Warren and Ross Bird, had picked it up seven months earlier for $2.725m.
At Main Beach, the two-level penthouse of the Yachting Tower has new owners – Kevin and Nora Joyce, who purchased it for $3.25m. The property was listed for sale a year ago at $2.5m negotiable.
The seller was company Liberty 1800, held by Joshua and Marianne White.
The Joyces have traded the penthouse for their long-time home at 131 Hedges Ave, which settled for $6.6m for supplements businessman Michael Brosnan on June 23.
Down the Coast in Benowa Suzanne and Warrick Thomasson sold for $3m their home at 104 Cabana Blvd.
Buyers Craig and Elizabeth Tuckwell will enjoy a four-bedroom home on a generous 1043 sqm block on 26.7m of main river frontage opposite the botanic gardens.
Also in Benowa, Xianglian Kong settled on 45 Sir Bruce Small Blvd for $3.03m, picking it up from Julie and Malcolm Lynch, who bought it in 2014 for $905,000.
In the tightly-held Surfers Paradise enclave of Budds Beach, Colin and Janice Robertson sold their riverfront mansion at 9 Paradise Pl, complete with 27m of sandy beach, for $4.35m
Before selling to Aiyong Wu last month. the couple owned the property since buying it for $490,000 in 1995, adding on to a 1950s beach cottage to create their own “slice of paradise”.
On Chevron Island, Gavril Veljanovski sold 51 Stanhill Dr, purchased a decade ago for $1.2m, for $3.1m to Thi Thanh Nguyen and Le Thieu Pham.
Gelato shop owners Simon Bird and Bree Edwards scooped up a sweet project at Burleigh, picking up the ageing, yet perfectly-positioned, cottage at 11 Hill Ave from Peggy Longmore for $1.75m.
Also in booming Burleigh, Melissa and Paul Coggan paid Judith Gabriel $3m for 27 Awoonga Ave, an original brick cottage directly across from Tallebudgera Creek.
At Palm Beach, a beachfront shack on half a block was sold for $4.11m, with Anthony Scott offloading the three-bedder on 412 sqm at 1319A Gold Coast Highway to Ben Ingwerson.
One of the month’s biggest sales was the $6.1m settlement of 135 Jefferson Lane, bought by Maria Clark from joint owners Kay Jones, Helen Adair, John Roach and others.
It had not changed hands since 1991, when it sold for $535,000.
Back on the northern end of the Coast, Yu-Wei Lin sold 3108 Riverleigh Dr Hope Island to Bronwyn and Juston Owen for $3.04m.
The six-bed home, built for Queensland Reds veteran Kevin Fitzpatrick, last sold for $2.85m in 2017.
The Owens will count Patricia Kosseris as a new neighbour – she just bought 1159 Rosebank Way West for $3.1m from Furong Chen.
Also in Hope Island, businessman Alex Tenkate and Lorraine Dennerstein purchased 5809 Clearwater Cres for $4.4m.
Julie Kolar and John Wilson were also drawn to the waterside suburb, settling on 7358 Marine Dr East for $3.7m.
Jennifer Leavey purchased 7004 Riverview Cres Hope Island for $3.09m from Emma and Jonathan Piggott, who’d bought the Sanctuary Cove property for $910,000 in 2006.
At nearby The Circle, Donald Rabinowe and Evelyn Tay sold No. 2080 for $4m to Veanne and Wayne Chambers.
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