The millionaires in competition over the most expensive homes on the Gold Coast

Six of the most expensive properties for sale right now on the Gold Coast are collectively worth nearly $80 million – and buyers can’t get enough, agents say.

A “strong and consistent” prestige market on the Gold Coast is pitting millionaires from across the globe against each other as they compete for small number of multimillion-dollar listings.

Agent Michael Kollosche says a lack of stock means there is a large number of buyers actively looking at any one time.

“The market is strong at the moment, there’s been some big sales, but stock levels in most of the suburbs is very tight. In regards to the beachfront, there’s only three or four prestige properties publicly on the market at the moment – that’s it,” he says.

“If you’re a prestige buyer, it’s tough to find what you’re after.”

Mr Kollosche says when prestige buyers find the right property, they waste no time in securing a deal, citing the recent off-market sale of 255 Monaco Street, Broadbeach Waters, as an example; it sold for $11 million. Last month, Savills Gold Coast sold a waterfront property at 201-205 Monaco Street for $9.5 million to a cash buyer after only three weeks on the market.

“A lack of supply has advantages and disadvantages,” Mr Kollosche says. “One the one hand it keeps prices strong but it can slow down the turn over.

“A lack of supply in suburbs like Cronin Island and the Isle of Capri is lifting prices.”

Prestige property on the Gold Coast continues to go from strength to strength. Figures from the Domain Group’s rental and house price report show houses on the Gold Coast grew by 7.3 per cent overall last year — the best result of all major Queensland regional markets.

More than half of the top 20 property sales in Queensland were made on the Gold Coast last year; the top five alone, all located at Surfers Paradise and Mermaid Beach, totalled $76.2 million.

Prestige agent Amir Mian says the demand at the high end is insatiable.

“There’s such an appetite for properties at this end of the market and they come from everywhere: local, interstate and overseas,” he says.

“Many of my clients see the value in a $14 million home on the waterfront, especially when you might pay $20 million for a house on the beach which has no space for a boat, jet ski and a lot less privacy.”

Here’s a look at six of the most expensive properties for sale on the Gold Coast right now — they’re collectively worth nearly $80 million alone:

16-22 Parklane Terrace, Paradise Point

16-22 Parklane Terrace, Paradise Point Photo: Supplied

$14,288,000

This phenomenal concrete construction sits on a 106-metre water frontage and “sets the benchmark” for Sovereign Islands, agent Amir Mian says.

“There’s a lot of big homes on the Gold Coast that are palatial but not functional – this is not one of those,” Mr Mian says.

“It’s one of my favourite homes I have ever brought to the market because not only is it incredibly impressive, it has warmth. It’s a whole lifestyle package.”

Set on a 2,973 square metre block, it features two 24-metre pontoons plus an additional pontoon in case you’ve got more than two super yachts. The basement garage can fit up to 16 cars and there’s a nine-person lift that services all levels of the home. 

The entire residence includes seven bedrooms, seven bathrooms, three powder rooms, four living areas, a media room and two full bars. 

Agent: Amir Mian, Prestige Property Agents, 0401 470 499

187-191 Hedges Avenue, Mermaid Beach

187-191 Hedges Avenue, Mermaid Beach Photo: Supplied

$17.25 million

The jaw-dropping beach front home of real estate king and racehorse owner David Henderson and his wife Rhonda is located on Millionaires Row along Hedges Avenue.

A masterpiece of contemporary design, it’s spread over three lots (1,215 square metres) of enviable absolute beach front land adjoining parkland, with stunning views of the ocean and coast line through to Coolangatta.

Designed by acclaimed architect Paul Uhlmann, it offers sophisticated entertaining surrounded by rare and exotic granites and marble, African Wenge timber, tinted glazing and the finest quality designer furniture, including imported leather lounges, upholstered bedheads and large designer mirrors.

With five bedrooms, all with their own balconies, five bathrooms, three powder rooms, an outdoor beach shower, lift and stairs to all three levels, a magnesium-chlorinated pool with spa and a multitude of living areas, it’s a dream beach house for anyone.

3250/23 Ferny Avenue, Surfers Paradise

3250/23 Ferny Avenue, Surfers Paradise Photo: Supplied

Price on application

Previously listed for $12.5 million, this phenomenal Chevron Renaissance penthouse complete with its own “cigar and wine tasting area” is owned by developer and former mobile phone king Ron Bakir.

​Agent Michael Kollosche says he’s inviting offers following inspections, in order to fully appreciate the 918 square metre property: “you have to see it to really understand it,” he says.

Spread over the 39th and 40th floors, this fully recreated penthouse has no painted walls, only panels of timber veneer, smoked glass imported marble or lustrous lacquered finishes in caramel tones.

It has touch-pad Dynalite-controlled lighting, climate, blinds, security, multiple living and sitting areas facing east to the ocean or to the city skyline and a fully electronic remote-controlled kitchen with Diana Royal marble, concealed refrigerators, walk-in pantry, deep drawer storage and fully equipped scullery. 

All the imported designer furniture is included. Extra include combination-coded access via four lifts, secure basement parking for 21 cars and more than 600 square metres of additional storage areas.

79-81 Commodore Drive, Paradise Waters

79-81 Commodore Drive, Paradise Waters Photo: Supplied

Expressions of interest under $10 million

Marketing agent Sherry Smith says north east-facing double blocks on the main river are hard to come by – and she’s not wrong, if this palatial Paradise Waters estate is anything to go by.

Originally built for Max Christmas, who is considered to be one of the founding fathers of Gold Coast property, it’s been home to Lisa and Peter Le Fanue for the past 19 years.

They’re ready to move on now the kids have grown up and left home, crating an “incredible opportunity for an astute buyers”, Ms Smith says.

It features a separate Mediterranean-inspired guest residence with a fully equipped BBQ entertainer, one of the largest private pools on the Gold Coast, picturesque river and skyline views and it’s only moment by boat to the Broadwater. 

It has a home office, full wet bar, sensor alarm system, 48-metre river frontage along deep water, designer fittings and fixtures, marble flooring and timber shutters throughout, irrigation system, boat shed, and ample storage space.

Marketing agent: Sherry Smith, Ray White Broadbeach, 0412 759 781

75-77 Monaco Street, Broadbeach Waters

75-77 Monaco Street, Broadbeach Waters Photo: Supplied

$9,995,000

This five bedroom, seven bathroom masterpiece is more exclusive six-star resort than anything else, bringing new meaning to the term “wow factor” from the outset. 

Concealed from the street beyond a long private driveway, the dramatic entry follows a broad marble catwalk surrounded by tiled reflection pools to the glass foyer.

Inside, 987 square metres of living space unfurls amidst classic, timeless interiors. The theme of the home is light and art, bringing together the best of beautiful design with the backdrop of 28 metres of main river frontage.

Architecturally designed, it features high ceilings, travertine marble floors throughout, riverfront living areas, home theatre, library, chefs kitchen and a guest wing with its own private lounge area and designer ensuite.

Marketing agent: Michael Kollosche, Kollosche Prestige Agents, 0411 188 815

3-7 Sir Lancelot Close, Sovereign Islands

$14.88 million

This Mediterranean-inspired mansion occupies a 2,103 square metre east-facing block with 55 metres of Broadwater frontage, so the view is as blue as it is wide.

Positioned on Sir Lancelot Close, it certainly inspires images of living like a royal; hidden by wrought iron gates, it boasts a whopping 1,890 square metres of living space. There are 12 bathrooms and each of the seven bedrooms has its own ensuite and walk-in-robe, while the master suite has a dressing room and private balcony.

There is a self-contained suite for guests or staff – because that’s the life you lead if you live in a residence like this – and the basement has enough space for eight cars.

With a stunning 25-metre lap pool providing the perfect background to the gym and steam room, the alfresco entertaining with Teppanyaki is the perfect place to sit back and take in the view of the Broadwater.