$1M PROFIT IN 15 MONTHS, NOT A CENT SPENT ...
A GOLD Coast woman has made herself $1m in 15 months after selling her luxury mega mansion.
Rosa Raso, the wife of Austworld plumbing products group head Sam Raso, bought the two-level, sevenbedroom house in Mudgeeraba’s Jabiru Estate for $4.6m in August 2020. This week it sold for $5.6m.
It is the highest price paid for a property in Mudgeeraba.
No improvements had been made to the residence, known as Jabiru House, which is based on Brazilian architecture, while embracing the Japanese ethos of wabi-sabi, where beauty is discovered in imperfection.
Marketing agent Katrina Walsh of Harcourts Coastal said a “prominent Sydney developer” bought the property at 3 Lagoon Way.
“The owners were only selling because their business has taken them overseas for a period of time,” Ms Walsh said.
The home was built by Melanie Singsam and Robert Semaan on a 4611sq m site bought for $855,000 in 2017.
The imposing facade features weathered vertical timber screening alongside hand-laid local stone with raw concrete, timber and stone extending to the home's interiors.
The way in which the house integrates with the natural landscape was the starting point for the design which required a horse paddock to be reshaped to accommodate the main structure.
Mrs Raso is no stranger to making profits from Gold Coast property. Last year she sold a beachfront mansion at Mermaid Beach to billionaire Bob Ell and family for $22.6m.
She paid $16.5m for that home, which was built for seller and former real estate agent David Henderson.