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Versace-styled Sails, at 2585 Gracemere Circuit, North Hope Island, for sale at $12.5m

THIS mansion has 10 bathrooms, a tiered theatre and space to land a helicopter - and it could be yours at half its asking price.

Hot Homes - The Mansion Edition

ONE of the Gold Coast's most striking mansions could be yours for a whopping $12.5 million less than its highest original asking price.

The Versace-styled Sails, at 2585 Gracemere Circuit, North Hope Island, was listed at $16.5 million earlier this year and was once listed for $25 million, before being remarketed this week for the relatively cheap $12.5 million.

More Gold Coast real estate news

Hope Island Resort mansion Sails, at 2585 Gracemere Circuit North Hope Island, has just been listed for $12.5 million through...
Hope Island Resort mansion Sails, at 2585 Gracemere Circuit North Hope Island, has just been listed for $12.5 million through...

Marketing agents Michelle and Jose St Ange, of Ray White Hope Island, said the magnificent six-bedroom, 10-bathroom house, which sits on a 5371sq m block, was now well and truly priced to sell, offering a cashed-up buyer one of the most secluded slices of the Hope Island Resort estate.

The property, owned by former Fraser Island barge and resort operators Sid Melksham and Angela Burger, contains a large private pontoon, three levels of luxury, a temperature-controlled swimming pool, a tiered theatre and a fully self-contained penthouse on the top level.

The plus interior of the three-level mansion Sails at Hope Island Resort.
The plus interior of the three-level mansion Sails at Hope Island Resort.

Mr St Ange said the land alone would be worth about $6 million, while the house cost about $6 million to build in 2004. It was then owned by boat dealer Gary Chuck, who originally put a $25 million price tag on it in 2007. During the campaign he was presented a $16 million cash offer but knocked it back.

Shortly after Mr Chuck got into financial strife and administrators moved in to sell the exclusive pad for $9.75 million in 2008, according to RP Data.

The Sails mansion has its own private pontoon.
The Sails mansion has its own private pontoon.

"This is one of the finest homes, it has just been so well designed," Mr St Ange said.

"It's even flat on the roof so you could land a helicopter.

One of the 10 luxurious bathrooms in the Sails mansion at Hope Island Resort.
One of the 10 luxurious bathrooms in the Sails mansion at Hope Island Resort.

"It's an inexpensive home in a place where life is very different."

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Original URL: https://www.goldcoastbulletin.com.au/realestate/versacestyled-sails-at-2585-gracemere-circuit-north-hope-island-for-sale-at-125m/news-story/44fd92f924d498c2f986f5f45bd9ccdc