Holy Trinity, it’s $4.25m
Multi-million dollar sale sets new Bluewater record
An opulent two-storey canalfront property at 3 Ragamuffin Quay in the exclusive Bluewater Harbour Estate at Trinity Park has sold for a record $4.25m.
It was sold by Nathan Shingles of FNQ Hot Property, who also sold the previous record-priced home at 12 Ragamuffin Quay for $3.5m.
The six-bedroom home with a stunning lap pool and private pontoon at 3 Ragamuffin Quay achieved its listed price of $4.25m in a market where prestige homes are tending to sell for slightly less than the listed price.
It has a gym, a music room, five of the six bedrooms have their own ensuites, a guest lounge and a dedicated office, along with a 12m pontoon.
It was owned by Brian and May Maher.
Brian Maher is a co-owner and director of NQ Commercial Drone Services and a former investment banker.
Mr Shingles said it sold to a southern-based buyer.
Cairns has no shortage of prestige homes.
The top-price achieved by a home in Cairns in recent years is for the palatial property at 129 Vasey Esplanade, Trinity Beach, known as the Trinity Beach Palace.
Brisbane-based funds management pioneer Otto Buttula and wife Virginia sold the home in 2019 for $5.5m.
That figure was less than the $6.9m they paid in 2008 when they bought it from New Zealand rich lister Josef Roberts.
It is now owned by a quartet of financial services industry participants – Stephen Bates, a partner at KPMG, Canberrabased Stephen Thompson, Ivan Juric, and Jason Hedlund, who founded Financial Integrity Group, and it regularly hosts high-flyers.
Closer to the city, the grandiose home at 21-22 Knott Court, Whitfield, sold in October 2020 for $5.29m to controversial Chinese developer Benny Wu, who was under pressure to bring dilapidated day use facilities at Double Island up to scratch by March 31.
Barron River MP Craig Crawford and Cairns MP Michael Healy lined up on Friday to call for Mr Wu to be stripped of his lease at Double Island.
Mr Wu also owns the Acacia Hotel on the Esplanade and a development at the former De Bruey’s winery near Mareeba.
Another high-priced sale was registered last December when $4.5m changed hands for the four-storey property at 195 Esplanade known as Pelican House.
It was sold by Robert and Victoria Godfrey to Sanda and Toni Bresnahan, who is the founder and chief executive of the not-for-profit Bresnahan Footprint Foundation. The property had been advertised as an Airbnb for the second floor, with the owners living on the third and fourth floors.