Weekend Gold Coast Bulletin - Property

Prestige homes in high demand

Local buyer splashes out $6m for stylish new build on the Isle of Capri


BUYERS are still willing to splash their cash with a string of prestige sales recorded on the Gold Coast this week. A jaw-dropping new build on the Isle of Capri was one of the biggest sales, selling for $6m.

It was the highest price paid for a property on the exclusive enclave this year.

The contempora­ry house at 89 Gibraltar Drive was marketed by Rob Rollington and Russell Rollington of First National Surfers Paradise.

Rob Rollington said the marketing campaign created significan­t interest from local, interstate and internatio­nal property hunters.

“In total five cash offers were submitted to the vendor with a local buyer securing the keys,” he said. “The market for high quality properties in prime locations on the central Gold Coast is still very strong with local as well as interstate and overseas buyers still looking to relocate to the Gold Coast mainly due to lifestyle benefits.

“Stock in premium locations is still very tight.”

The vendor enlisted award-winning designer Reece Keil Designs with the design of the house.

On the northern Gold Coast, Kollosche agent Will Sarti handled the $5.76m sale of 2216 Arnold Palmer Drive, Sanctuary Cove.

The buyers were from New Zealand and flew to Melbourne for business but made a special trip to the Gold Cost to look at the property.

They placed an unconditio­nal offer within an hour of their inspection.

“We had a couple of other offers on the property, but the speed with which these buyers acted, blew the competitio­n out of the water,” Mr Sarti said.

And Sam Guo and Julia Kuo, also of Kollosche, have been busy after they managed to find a buyer for 33 Vespa Cres, Surfers Paradise.

A Gold Coast buyer looking to upgrade spent $4.37m on the property, creating a new street record in the process.

They decided against building a new home after they found the Vespa Cres property ticked a lot of their property wishlist: space for kids to run around, a large office to work from home and plenty of privacy.

“It has a nice resort feel,” Mr Guo said.

 ?? ?? 89 Gibraltar Drive, Surfers Paradise.
89 Gibraltar Drive, Surfers Paradise.

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