By Herron Todd White
November 2019

Whilst some market segments have been a bit erratic throughout 2019, there are still a number of high-end properties that have transacted this year. They are located in the beachside and waterfront suburbs and attracted interest from far and wide.

One of the highest penthouse sales in recent years occurred in February 2019 for $8.6 million, comprising the top two floors of an eight-level absolute beachfront building known as Sea and located at 3533 Main Beach Parade, Main Beach. With three bedrooms and five bathrooms, the unit has a gross floor area of 705 square metres and panoramic views of the Gold Coast skyline, hinterland and ocean.

Sovereign Islands is a prestige residential locality at the northern end of the Gold Coast. The collection of man-made islands is home to some of the largest and most prestigious dwellings on the coast. 20 Parklane Terrace, Sovereign Islands, Paradise Point is no exception and sold in March 2019 for $6.3 million. Constructed on the property is an ultramodern five-bedroom, four-bathroom dwelling with an eight-car basement garage. The house is situated on a rare 1,497 square metre, north-west canal facing, double-wide allotment boasting a 27-metre water frontage. The dwelling leverages its expansive water frontage to produce incredible canal views. Other improvements include a grand entrance with imported white marble staircase, home theatre room, bar room with fireplace, large lap-style pool with water feature and spa and 24-metre pontoon jetty.

Located in a prime main riverfront location, 1A Yacht Street, Southport sold in June 2019 for $7 million. The property features a south-east facing, two-storey Hamptons style, five-bedroom, four-bathroom dwelling with three-car built-in garage, having a gross floor area of 825 square metres. The dwelling appreciates expansive views of the magnificent Surfers Paradise skyline and the Nerang River. The property is located within the prestigious TSS (The Southport School) precinct within Southport with a number of tightly held multi-million dollar homes.

Paradise Waters continues to set the benchmark for waterfront housing on the Gold Coast. One of the highest sales in the area this year was 22 Admiralty Drive which transacted in January for $7.975 million. Whilst built in 1990, the home was renovated in 2007 and 2008 and comprises a substantial, 665 square metre, modern, five-bedroom, five-bathroom, prestige dwelling with garage area for six cars. Having a land area of 1,351 square metres and 37 metres of frontage to the Nerang River along the south-eastern boundary, it is afforded good local, wide water and city skyline views. Other improvements to the property include an indoor lap pool, high-quality landscaping, water features, 24-metre pontoon jetty, two timber decks over the river and a boat shed with wet bar. This house benefits from an ever-changing view across the water to the Surfers Paradise skyline.

A north-facing, 4,000 square metre Nerang River front allotment at 18 Maryland Avenue, Carrara is under contract for $6.3 million. It has a Hamptons inspired, modern dwelling with four-bedroom, four-bathroom and six-car accommodation built over two levels with a gross floor area of 863 square metres and a 31-metre frontage to the Nerang River. The property is located in a sought-after enclave with several multi-million dollar homes on similar small acreage riverfront and dry allotments. The property is in the process of changing hands and was placed under contract after a very short marketing campaign of just six days!

For Sale

Hedges Avenue, also known as millionaire’s row is one of the most exclusive residential beachfront localities on the Gold Coast with numerous multimillion-dollar beachside residences. 17 Hedges Avenue, Mermaid Beach is currently listed for sale for $12.5 million. Situated on a prime, corner block, the six-bedroom, eight-bathroom dwelling spans three storeys with floor to ceiling stack sliding doors to each floor, maximizing its views of the white sandy beaches of the Coast. The property offers a rare slice of paradise, being only one of four properties currently listed for sale along millionaire’s row.

Te Moana at 255 Monaco Street, Broadbeach Waters is listed for sale for $13.75 million and occupies a 3,296 square metre north-west facing Nerang River front allotment with 43 metres of prime river frontage. The house is a classically designed, two-level, palatial home of approximately 1,300 square metres with five bedrooms, six bathrooms and six-car garaging. Monaco Street is one of the premier streets of the Gold Coast with a number of large prestige homes situated within close proximity to the Pacific Fair Shopping Centre, Broadbeach business precinct, Surfers Paradise CBD and the Gold Coast Convention and Exhibition Centre.

Aiming to break all Gold Coast property records, 26 Knightsbridge Parade East on Sovereign Islands has been listed for sale at USD $30 million (or about AUD $44.2 million depending on the exchange rate). This property is located across five absolute broadwater front lots, with over 4,000 square metres of land area and a true north facing aspect and also has a staggering 106 metres of broadwater frontage. Containing one of the Gold Coast’s largest residences, the dwelling has a total floor area of over 2,700 square metres built in the Tuscan style of architecture and designed by Bayden Goddard (one of the Gold Coast’s sought after architects). Features to the property include seven bedrooms, nine bathrooms, eight-metre ceiling heights, timber parquetry flooring, Turkish travertine feature columns, Turkish bathhouse, 30-metre north facing pool, high-quality landscaping and 12 car basement.

Watch this space as hopefully next year we will be reporting on these properties as record-breaking sales.

Speak with a Gold Coast Mortgage Broker today.

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