Island buyer hits jackpot
Mega mansion sells for $14.25m
Baltimore, a jaw-dropping Gold Coast mansion with a custom casino, cinema and aquarium, has sold in a $14.25m deal, making the sellers $3.25m in under three years.
Marketed by Ivy Wu and Isaac Kim, of Ivy Realty, the property at 46-48 Royal Albert Cres sold to a Gold Coast buyer.
“This is the sale we were hoping to achieve this year,” Mr Kim said. “The buyers just walked in and absolutely loved it. They loved the scale and the style, it ticked all the boxes.”
The property first hit the market in June, 2022, with a price tag of more than $20m, before it was relaunched in September, 2023.
Vendors Paul and Kim England bought Baltimore offmarket for $11m in November, 2021.
When the Englands made their candid offer, they never expected it to be accepted.
“It was just a matter of timing,” Mr England told the Gold Coast Bulletin in 2022.
“We were renting on Sovereign and I just happened to ask the caretaker one day if the owner was interested in selling.
“The price we offered was all we had, so if the owner said no, that would have been it, we would have walked away.
“We couldn’t believe it when she said yes. We feel that we got a real bargain.”
The property was previously owned by US billionaire Susan Lillioja, who splashed $11m on the luxury house in 2006 for her daughter, who never moved in.
Renowned for its splashes of red, Baltimore rises four levels and includes 1448sqm of lavish living spaces with 60m of water frontage.
A 12-person lift, 1500 bottle wine cellar, luxe bar, commercial grade pool, jacuzzi, gym, pontoon and 15-car basement garage are just some of its inclusions.
There are 9m ceilings with wraparound terraces, offering views spanning to South Stradbroke and Surfers Paradise.
There are six bedrooms as well as a self-contained onebedroom apartment that’s perfect for extended family.
Ms Wu said the prestige market was continuing to fire on the Gold Coast, with Baltimore the highest sale in the ciity’s north this year.
“There is a shortage of prestige properties, especially on the northern Gold Coast,” Ms Wu said. “There are properties priced at the $5m mark but a house like Baltimore doesn’t come up very often.”
The highest sale price on the Sovereign Islands is $20m for 7-13 King Arthurs Crt. Billionaire Clive Palmer bought the property in 2020.
Mr Palmer also is behind the highest residential sale on the Gold Coast after splashing $28m earlier this year on a beachfront property at Mermaid Beach.