Mega sale for Surfers

The Glitter Strip is as popular as ever with a mega mansion selling for more than $5 million

A RIVERFRONT mansion has changed hands in a multimillion-dollar deal that marks one of the highest sales this week.

The $5.2 million sale of the Surfers Paradise residence on Admiralty Drive settled on Monday.

First National Real Estate Surfers Paradise agent Russell Rollington marketed the property with colleague Bob Rollington.

He said an interstate buyer bought the five-bedroom, seven-bathroom property earlier this month.

“The property was sold within 3 months of listing to a buyer sourced from our database,” Mr Rollington said.

“Several offers were received during the sales campaign and strong interest was received from local and a number of Sydney and Melbourne buyers looking for a Gold Coast base or to relocate.”

He said it was the property’s position that attracted house hunters.

“You’re right on the main river and you get the city skyline looking back at Surfers,” Mr Rollington said.

“This is the fourth time we have sold this property in the past 10 years and this is the highest sale price that has been achieved ... which signals the strong current buyer demand for well positioned Gold Coast properties.”

He said the high turnover could be attributed to the fact that none of the owners in the past decade had lived in the property.

“Most of the people that have owned it in the past have been interstate people using it as a holiday home,” he said.

Mr Rollington said they were still seeing strong demand from interstate-based house hunters, with the last few properties they had sold in Paradise Waters being snapped up by buyers wanting to relocate or invest in a holiday home on the Gold Coast.

50 Admiralty Drive, Paradise Waters sold to an interstate buyer for $5.2 million.