CROSS PAD WINNER
ENTERTAINMENT entrepreneurs Billy and Jackie Cross are on the move after riding a hot market for topshelf homes to achieve a $12.5m sale of their riverfront Broadbeach Waters mansion.
The sale of the home, at 297-299 Monaco St, to an undisclosed buyer matches a record for the suburb set last year by another riverfront mansion, Villa Cantorocco.
The Crosses put their home on the market in September after committing to a $6m-plus penthouse in yet-to-be-built Main Beach tower White.
They spent seven years, up to 2009, in the penthouse of the beachfront suburb’s Pintari tower, an experience Mr Cross described as “really amazing”.
Kollosche agency principal Michael Kollosche said the sale of the Cross home at Broadbeach Waters further reduced the options for buyers shopping at the premium end of the Gold Coast market.
“The supply level for these estate-type homes is getting
tighter and tighter,” he said.
“The Cross property drew very strong inquiry and quite a few offers, so there are unsatisfied buyers out there.”
Mr Cross, 56, was a founding member in the 1980s of male stage show Manpower, later ran Surfers Paradise nightclubs, and started a show called Thunder Down Under, which became a
hit in Las Vegas.
He is a partner in Nineteen at The Star’s rooftop bar.
The Crosses built their Monaco St home on a 2531sq m holding bought for $3.561m in 2009.
The new owner is buying a 1560sq m mansion with a gymnasium, steam and massage rooms, 2000-bottle wine cellar, outdoor
teppanyaki kitchen, five-car garage and tennis court.
The buyer also will inherit a man cave with bar, wine fridges and seven TV sets.
Mr Cross has described it as one of the best man caves on the Gold Coast: “You can watch the races, footy and AFL at the same time.”
He said on Monday he and Jackie would rent either a
home or an apartment until White was completed later next year.
“There’s not much to choose from just now,” he said.
“We’d look at a penthouse at Main Beach – the suburb’s our preference.”
The $12.5m sale of Villa Cantorocco, at 249 Monaco St, was made in August to a company associated with Malcolm Watkins, a founding director of finance and mortgage broking group AFG.
Last month property consultant Jonathan Gross and wife Roberto sold 135 Monaco St for $8.5m to childcare industry figure Bruce Coulson, who earlier sold the family’s Isle of Capri home for $27m.