Surfers Paradise party mansion owned by property spruiker Jamie McIntyre finally sold
Residents on the Surfers Paradise island will finally be able to get a good night’s sleep now that the mansion owned by property spruiker Jamie McIntrye has sold.
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Neighbours of the Surfers Paradise pad owned by controversial property spruiker Jamie McIntyre are breathing a collective sigh of relief after hearing that the house that has literally kept them awake at night has finally been sold.
Mr McIntyre, who in 2016 was banned by ASIC from operating in the financial services sector for 10 years over his involvement in land-banking schemes, bought the property at 68 The Promenade on the Isle of Capri in 2009 for $4.75m.
He went on to host lavish parties there for celebrities and business-types, with “Wolf of Wall Street” Jordan Belfort and Taiwanese singer Jay Chou said to have stayed at the mansion.
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Mr McIntyre, the founder and chief executive of 21st Century Education Media and Property Group, later listed the multi-million dollar home, which has a man-made beach, Jacuzzi and private bar, on Airbnb for up to $2000 a night. His private yacht was also up for rent.
Able to accommodate up to 20 people, the property became a popular venue for wild hen and bucks parties and weddings.
In 2019 the property hit the headlines after irate residents had finally had enough, claiming that their weekends were being ruined by drunken party-goers stripping naked, playing loud music, peeing on their lawns and parking their cars all over the street.
Some took to filming the all-night parties in the hope of having the place shut down and the council has slapped Mr McIntyre with several fines and planning breaches in the past.
At the time, Mr McIntyre defended his tenants stating that is was in fact residents who were behaving like “obnoxious neighbours” and were “throwing garbage bins in the pool, pouring engine oil into the spa and mowing along the fence line early in the morning”.
Despite the property appearing on and off the market since 2011, through numerous estate agencies, it failed to sell.
Alex Phillis of Phillis Estate Agency brokered the recent deal but could not disclose the sale price due to a non-disclosure agreement, however, the property has over the years been listed for between $4.5 million and $5.5 million.
Mr Phillis could disclose that the buyer was a local businessman with links to the agricultural industry, who intends to gut the property and rebuild it from a shell.
Mr Phillis said there had been potential buyers over the years who had been put off by the property’s past.
“Yes, there were a few people who were scared of the stories and its reputation, or just couldn’t see past the layout,” Mr Phillis said. “It was a disaster, because it had been divided into ten different rooms to maximise the rental.
“But this client knew what he was buying, which was a big shell of a house in a great location that he is going to renovate. He recognised its potential. It just needed someone with vision who wasn’t worried about what they saw or what had gone before.
“The market is that strong now that houses than have been listed for a while are now selling.”