Gold Coast mansion’s sale rakes in huge profit

first_img MORE NEWS: Rainforest motel up for grabs Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:29Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:29 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWays to get into the property market for less00:29 The Isle of Capri mansion at 25 The Corso sold for $4.5 million.A GOLD Coast resident has pocketed an extra $1.5 million on the sale of their waterfront mansion less than four years after buying it.The seller splashed $3 million on the Isle of Capri mansion in July 2016 and offloaded it for $4.5 million in January.The four-bedroom house had been listed for about seven months, with several agencies trying to sell it before it was taken off the market in October.Ray White Prestige agent Jackson Paradise eventually found a buyer through the agency’s extensive database.“It was sold to a local buyer,” he said.“They loved the position of the home and the view, and the finishes inside are impressive.“They’re planning on moving in to enjoy the lifestyle.” MORE NEWS: Coast’s cheapest suburb to rentcenter_img It previously sold in 2016 for $3 million A local buyer snapped up the property.The contemporary two-storey home is on a 567sq m waterfront block and has a pool and pontoon.A black and white scheme and stone and timber finishes throughout give it an air of sophistication.The indoor and outdoor spaces flow seamlessly and include several statement features, such as a glass-encased wine cellar and eco smart bioethanol fireplace.There are two bedrooms on the ground floor and a further two upstairs including the main, which has a wraparound balcony.The house’s north-facing position offers panoramic views of Adams Basin, Girung Island and the Surfers Paradise skyline.Mr Paradise, who had previously been marketing the house with Jordan Thams, said demand for premium properties in the prestige enclaves of Surfers Paradise was outstripping supply, with cashed-up buyers from Melbourne and Sydney leading the charge. The waterfront property has four bedrooms and three bathrooms. More from news02:37International architect Desmond Brooks selling luxury beach villa8 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoIt has spectacular views of the city skyline.“We did have a lot of buyers that were interested (in The Corso),” Mr Paradise said.“We’ve still got buyers left over who want to purchase in those areas.”Surfers Paradise recently became the Glitter Strip’s most expensive suburb for houses.Mermaid Beach had long held the title but its $1.38 million median house price now trails that of Surfers Paradise, which sits at $1.65 million, according to REA Group data.The figure is based on 82 sales in the city’s tourism heart, which includes the exclusive enclaves of Chevron Island, the Isle of Capri and Paradise Waters.Latest data shows Surfers Paradise’s median house price has jumped 36.9 per cent in the past five years.The median apartment price has climbed 10.4 per cent in the same period to $370,000, which was based on 855 sales in the past year.CoreLogic’s Best Of The Best 2019 report revealed Surfers Paradise recorded the highest value of unit sales in the country last year at $498,220,700.last_img

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