Mega mansion sells for $11 million
A GOLD Coast mega mansion has sold for more than $11 million, the second highest sale on the Glitter Strip this year.
Amir Mian, principal of Prestige Property Agents, confirmed the unconditional sale of 'Grande Vista' on the Sovereign Islands but would not disclose the sale price.
"It's just over $11 million," Mr Mian said.
"It is the highest sale on the Sovereign Islands."
"A local buyer will be moving into it."
The property, at 3-7 Sir Lancelot Close, now holds the sales record on the Sovereign Islands - the record was previously held by Baltimore, a mega mansion that changed hands for $11 million in 2006.
Grande Vista first hit the market back in February, 2017 with a price tag of $14.88 million.
Sellers Brian and Eileen Peat bought the mansion at auction for $7 million from receivers in 2010.
Mr Fish paid $6.5 million for the home in 2003 and had undertaken a major refurbishment but when the Peats bought the property it was incomplete and hadn't been maintained.
They then spent big bucks transforming it from a Mediterranean-style mansion into a contemporary resort-style haven.
The home takes up most of the 2103sq m block and overlooks the Broadwater.
It has 55m of water frontage and features multiple entertainment areas, seven bedrooms and nine bathrooms with extensive marble and timber flooring.
From the gated entry, cylindrical pillars and a high wooden portico stand guard over a stone driveway and manicured gardens.
Inside, a combination of timber and wrought-iron features demand your attention while floor-to-ceiling glass offers a spectacular vista of the open water.
A sunken carpeted lounge is beneath 7m ceilings and warmed by a fireplace.
There is a collection of formal and casual living spaces at every turn with extensive marble and timber floors throughout.
As well as expanding the kitchen and creating an indoor-outdoor flow to the poolside teppanyaki alfresco area, the pair also worked their magic at the other end of the house, in the entertainment precinct.
An open-plan wing complete with a bar, dining, lounge, library and outdoor area accessible via bi-folds can operate as a large-scale functions area.
The basement has a wine cellar, gym, steam room and a powder room, plus a 10-car garage.
The Peats have lived on the Sovereign Islands since 2007 and said Grande Vista's privacy, luxury features and sprawling design initially sparked their interest.
Top 10 sales on the Gold Coast in 2018
- 103-105 Hedges Ave, Mermaid Beach, $11.6 million
- 3-7 Sir Lancelot Close, more than $11 million
- 3250/23 Ferny Ave, Surfers Paradise, $9.5 million
- 8-10 Marseille Court, Bundall, $9 million
- 31-33 The Corso, Isle of Capri, $8.8 million
- 2230 Arnold Palmer Drive, Sanctuary Cove $6.5 million
- 57 Woodgee St, Currumbin, $5.6 million
- 13-17 Binda Place, Sorrento, $5.01 million
- 150/59 Pacific St, Main Beach, $5.3 million
- 702/252 Hedges Ave, Mermaid Beach, $5.25 million