Anticipation builds for auction season on the Gold Coast

DREAMING of what you want for Christmas? What about this mansion, with room for 10 cars? Something we all need of course.

Mansion

AN incredible Sovereign mansion is one of the big-ticket items agents are hoping will whip up buyer excitement as the countdown begins to the Gold Coast's auction season.

The resort-style home on The Sovereign Mile,which was designed by award-winning Noosa, architect Paul Clout - has 24m of water frontage plus room for 10 cars in the garage.

Balinese-style timber-and-stone construction of the house helps to create a tranquil environment for residents and guests in outdoor areas, and the water features and canal-edge pool add to the effect.

Owners Barry and Carol Jarred, who were behind the successful Price Attack hair chain, commissioned the house after buying the 904sq m block for $550,000 in July 2002. The last listed price for the four-bedroom house, which also has a spa and gym, was $5.9 million.

Ray White Runaway Bay principal Ali Mian said the home managed to stand out on The Sovereign Islands, despite being surrounded by luxury properties.

"This is a very special home," he said.

"I think it will attract a lot of people."

Also on the Ray White Runaway Bay auction block will be a seven-bedroom, seven-bathroom home in exclusive Shearwater Esplanade.

The stunning modern home owned by Eram and Javed Khan was built four years ago and is located near a property sold by John Zupp for $8.75 million earlier this year.

Read more on this story at the Gold Coast Bulletin.