Sale’s a $3m splash

A four-bed­room Sanc­tu­ary Cove man­sion is in for a big ren­o­va­tion with its new ar­chi­tect owner

Weekend Gold Coast Bulletin - Property - - FRONT PAGE - WORDS:JES­SICA BROWN

THE Gold Coast home of a former Queens­land politi­cian has changed hands in a mul­ti­mil­lion-dol­lar deal.

A lo­cal buyer splashed $3 mil­lion on the Sanc­tu­ary Cove man­sion, which was built al­most a decade ago by the late Ivan Gibbs and his wife Doris.

Mr Gibbs, who died in 2011 aged 83, was a cab­i­net min­is­ter for 10 years and a Na­tional Party MP in the Queens­land par­lia­ment from 1974 to 1989.

He rep­re­sented the Gold Coast seat of Al­bert, which for many years was one of Aus­tralia’s fastest-grow­ing ar­eas.

Kol­losche Pres­tige Agents man­ag­ing di­rec­tor Jor­dan Wil­liams han­dled the sale of the Arnold Palmer Drive prop­erty.

He said the buyer was an ar­chi­tect and had plans to “spruce up” the four-bed­room, five-bath­room home.

“I think they’re go­ing to do a pretty im­pres­sive ren­o­va­tion on it,” Mr Wil­liams said. “I’m ex­cited to see the end prod­uct when they’ve done.”

The sin­gle-level house is 843sq m and on a 2484sq m dou­ble block.

Mr Wil­liams said its size was the sell­ing point for the buy­ers.

“Nor­mally you have 100sq homes (about 929.03sq m) over three to four lev­els,” he said.

The prop­erty had been listed un­der an­other agency sev­eral times be­tween April last year and Fe­bru­ary this year be­fore Mr Wil­liams took over the mar­ket­ing.

“I only had it on the mar­ket for a cou­ple of months,” he said. “Both par­ties are over the moon.” Mr and Mrs Gibbs’ son, Andrew, told the Bul­letin in May that while the home held a spe­cial place for the fam­ily, it was much too big for his mother.

He said they built it with en­ter­tain­ing in mind.

2227-2228 The Mas­ters En­clave, Sanc­tu­ary Cove, has sold for $3 mil­lion.

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