Price hike for Gold Coast mega mansion, still $10 million cheaper than neighbour
An oversized, waterfront mansion has hit the market with an almost $6 million price tag — a figure which is a far cry from the $16 million its neighbour is seeking.
But the price guide is still a $57,000 hike from its listed price earlier this year.
The property at 107 Commodore Drive, Surfers Paradise, had a 418 day stint on the market from February 2017, with numerous price guides and agents, according to CoreLogic data.
When it first hit the market it was listed with a $6.45 million price tag.
By the end of the campaign, in April this year, the price had dropped by more than seven figures to $5.38 million.
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It’s now back on the market in a renewed push to offload the luxury mega mansion.
A $5.95 million price guide has been attached, hiking the price back up but it still sits well below the initial hopes.
And is more than $10 million cheaper than its neighbour at No. 101 which has a $16.25 million price guide, but that property comes with a private helipad.
Astras & Burcul Surfers Paradise agent Boris Burcul said the mansion offered good value in comparison to some of its neighbours.
“It is one of the best buys for modern homes in the area,” Mr Burcul said.
“It’s a stunning home that’s about 10 years old.”
Mr Burcul said Paradise Waters was a prestigious address.
“I call it the Toorak and Double Bay of the Gold Coast — it has got the wow factor — it’s similar to those areas in Sydney and Melbourne,” he said.
The four-bedroom, four-bathroom house has a northern riverfront position and has been designed on an impressive scale.
Timber, sandstone and mocha marble are used throughout, while double height ceilings in the main living area add to the grandeur.
It has all the luxury inclusions expected of a mega mansion including a built-in coffee machine, fireplace, technology which controls the climate, security, blinds, fans and televisions, and of course a pool.
Property records show it last changed hands for $5 million in 2010.