The Pink Palace at St Lucia, a monument to '80s excess, for sale

IT has been home to a porn king and hosted rock stars - now Brisbane's monument to '80s glamour could be yours.

Pink Palace

IT has been home to a porn king, hosted rock stars and was the dream of a rich builder who never saw it finished.

Now Brisbane's monument to '80s glitz, glamour and extravagance could be yours.

In its heyday, the St Lucia mansion known as the Pink Palace reportedly hosted Elton John, Cher, Bruce Springsteen and Billy Joel.

Years later, it became better known as the lavish home of internet porn king Greg Lasrado who crashed spectacularly amid bad business deals, drug addiction and a car accident that ended in jail.

But for the past seven years, this prime property has led a quieter existence, becoming a family home for property developer and investor Cindy Fleming, her four sons and husband Michael Conley.

Ms Fleming bought 276 Swann Rd from Lasrado in 2005, for $7 million. With her sons now grown up and other property ventures taking her time, she's decided it's time to downsize.

The Pink Palace was built by Brisbane builder Noel Kratzmann, over 14 prime residential blocks.

The project took six years to complete and Mr Kratzmann died in 1989, just before it was finished.

Today it remains a glamorous reminder of the era.

The estate features three buildings, including a "winter house" and a "guest house".

The winter house's interior - kitchen, bathroom, bedroom, walk-in robe and boardroom - caught fire the day before Ms Fleming settled on the property and remains burnt-out.

But even with this building out of action, the estate is not wanting.

There are five bedrooms, six bathrooms, several kitchens and multiple living areas.

Luxuries include a sauna, steam room, eight-seat spa with floor-to-ceiling white marble and a completely black "cigar room" with plush gold curtains.

The master suite has three huge walk-in wardrobes, marble bathroom, separate shower and toilet.

Gold leaf and a Versace chandelier ornament the entry and marble has been used lavishly throughout the interior.

It's a lifestyle Ms Fleming said the family had enjoyed.

"When we moved in we had to take up all the pink carpet and pink curtains . There was pink everywhere," she said.

Place marketing agent Sarah Hackett said the property, which will be auctioned on March 27, had already attracted serious buyers in its first week on the market.