One for record books

A mag­nif­i­cent ren­o­vated man­sion at Mer­maid Wa­ters has sold for a suit­ably im­pres­sive $3.25 mil­lion

Weekend Gold Coast Bulletin - Property - - FRONT PAGE - WORDS ALEISHA DAW­SON

A GRAND Hamp­tons-in­spired Mer­maid Wa­ters man­sion has sold for $3.25 mil­lion, smash­ing the sub­urb record.

The lux­ury wa­ter­front prop­erty at 29-31 Cess­nock Close was orig­i­nally built by Gold Coast iden­tity Jenny Wong.

The ven­dors un­der­took a ma­jor ren­o­va­tion, trans­form­ing the house into a mod­ern mas­ter­piece.

The two-storey res­i­dence is set out over a dou­ble 1633sq m block and has five be­d­rooms, seven bath­rooms, mul­ti­ple living ar­eas, pool, ten­nis court and cin­ema.

Sam Guo and Ju­lia Kuo of Ray White Broad­beach-Mer­maid Wa­ters han­dled the sale.

“A lo­cal Chi­nese buyer bought it,” Mr Guo said. “It was all about the size and his­tory of the prop­erty as well as the spec­tac­u­lar ren­o­va­tion.

“It was a dated house but the ven­dors have trans­formed it into a beau­ti­ful home.”

He said there weren’t many houses com­pa­ra­ble in size and struc­ture in Mer­maid Wa­ters. “That’s why it got such a great price.”

The record res­i­den­tial sale for Mer­maid Wa­ters had pre­vi­ously been held by a fivebed­room four-bath­room home that sold for $2.9 mil­lion ear­lier this year.

The house is on a huge 1900sq m at 51-53 Por­to­bello Rd.

Be­fore that, the record was held by an­other five-bed­room wa­ter­front home at 13 In­trepid Drive, which sold for $2.65 mil­lion in May 2015.

REIQ Gold Coast zone chair John New­lands said Mer­maid Wa­ters was feeling the ef­fects of a surg­ing Mer­maid Beach.

“Not ev­ery­one can af­ford to live on the beach­front but will pay a high price to live nearby,” he said.

“It also comes down to the life­style as­pect. There’s lots of nice cafes and restau­rants pop­ping up … peo­ple used to have to travel to go to them but now they are on their doorstep.”

29-31 Cess­nock Close, Mer­maid Wa­ters, has sold for $3.25m, which is a record for the sub­urb.

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