Air­lie pad priced at $10.5m

The Courier-Mail - Property - - Who'sHome -

A SPEC­TAC­U­LAR Air­lie Beach prop­erty which failed to sell at auc­tion has now had a $10.5 mil­lion price tag at­tached to it.

Man­dalay Co­ral Gar­dens is owned by de­vel­oper Bill Sharpe and his wife, Kirsty.

The prop­erty was taken to auc­tion through Christies Great Es­tates. A spokesman con­firmed this week that, at the auc­tion, the own­ers en­tered into pri­vate ne­go­ti­a­tions with a buyer for the prop­erty.

‘‘The sub­stan­tial of­fer would have set a new bench­mark for the area, how­ever at this stage it is still be­low the seller’s ex­pec­ta­tions,’’ he said.

‘‘The seller has taken on board the mar­ket feed­back and now has listed the prop­erty for $10.5 mil­lion.’’

The spokesman said the new price had in­creased the level of in­ter­est and fur­ther in­spec­tions from po­ten­tial buy­ers were now tak­ing place.

The 1540sq m home has a pri­vate ma­rina berth and over­looks the Co­ral Sea in North Queens­land.

The 4749sq m es­tate is on a penin­sula bor­dered bor­dered by Pi­o­neer Bay and the Great Bar­rier Reef Ma­rine Park.

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