Gold Coast castle going to auction almost two years after hitting the market
HOUSE hunters who have been vying for the keys to a distinctive Sovereign Islands castle will get to see their competition for the first time since it hit the market.
An auction date has been set for the extravagant residence at 1-3 Queen Guineveres Place in a renewed push to sell it.
Property records show it hit the market in late 2017 under an expressions of interest campaign before a $7.4 million price tag was attached in April last year.
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The price has fluctuated since then but an auction date was set last week when Amir Mian Prestige Property Agents’ Ivy Wu and Issac Kim picked up the listing.
Ms Wu said the owner, builder Scott Widdicombe, was ready to meet the market so an auction was the best method of sale.
“The owner is looking to downsize so it’s the right timing,” she said.
“At the same time they’re very motivated to sell.”
The five-bedroom residence, known as Villa Verona, was built by Russian couple Igor and Irina Farbitnik after buying the block in 1997.
Scott Widdicombe, the builder behind the Coast’s renowned Utopia mansion, then purchased the sprawling property in 2016 and spent millions refurbishing it.
The house’s structure and marble staircase were the only original features that remained.
It exudes opulence with towering temple columns setting the scene even before stepping inside.
A crystal chandelier, black granite fireplace and curved marble staircase greet guests.
Among its other highlights are a pool house with 18m heated pool, sauna, entertainment house with built-in bar and gas firepit and imported marble fountain.
Multiple agents have tried their hand at selling the mega-mansion over the years.
CoreLogic data shows the property was most recently listed with Ray White Sovereign Islands agents Edin Kara and Ali Mian, who slashed the asking price by $1 million in May before increasing it by $345,000 in June.