Record sale for 2017

A “secret mansion” at Hope Island attracted plenty of wealthy attention before it sold for a multi-million dollar figure this week

A HOPE Island mega mansion sold for $16.75 million — the highest paid for a property on the Gold Coast this year.

The waterfront residence at 2620-2622 Virginia Drive is the second highest on the Gold Coast since the GFC.

The Gold Coast record stands at $27 million, paid in 2008 when BreakFree founder Tony Smith sold an uncompleted mansion in Hedges Ave to later-failed internet whiz, Daniel Tzvetkoff.

After a streak of hot sales this year, only two Gold Coast mansions came close to hitting the $10 million dollar mark.

The sales include Adelaide developer David Fitch’s house at 201-205 Monaco St which sold for $9.5 million and 75-77 Monaco St which changed hands for $9 million.

In the latest mega sale, a Vietnamese businessman bought the sprawling waterfront residence in Hope Island after just five days on the market.

Wendy and Warren Hickey from Hope Island Resort Realty negotiated the sale and said the home, comparable to a five-star hotel, was marketed privately.

“We weren’t allowed to take any photos until after it had sold and as you can imagine it is really hard to sell a secret but a home with this calibre attracts a lot of wealthy attention.

“We have a good network of buyers who we privately showed the home to.”

It is understood the buyer is relocating to the Gold Coast and was attracted to the palace-style design of the five-bedroom house. Spanning across three blocks, the entrance to the 3,227sq m property is grand with a double gated entry, porte-cochere and sweeping staircase.

A library, fireplace, chef ’s kitchen, cold room and custom built wine cellar home to over 3000 bottles are just a few other highlights. As well as an lift, the mansion has a 12-car basement.

2620-2622 Virginia Drive, Hope Island.