RIYU Li, the Chinese language billionaire who initiated the glamour three-tower Jewel beachfront challenge, has got down to be a $50 million Gold Coast residential record-breaker.
That’s the determine he’s chasing for his ‘stately’ mansion, Bellagio La Villa, within the Tallebudgera Valley.
The 49ha property, Mr Li’s house since 2014, has been in comparison with a grand European property.
He had deliberate a significant wellness and gardens challenge on the property, with a lodge and 108 models, however the challenge was vetoed final yr by the town council.
No cause has been given for the choice to promote.
“He’s completely satisfied for somebody to come back in and revel in his wonderful property and to maybe capitalise on its redevelopment potential,” Amir Mian, of Amir Status, yesterday mentioned.
The property is in an space laced with life-style blocks of 4000 sqm or extra.
The document for a Gold Coast house is $25 million and stands with two beachfront properties at Mermaid Seashore – one offered in 2016 by Billabong float architect Scott Perrin and the opposite offered final yr by BreakFree vacation group founder Tony Smith and spouse Simone.
Mr Mian, who’s advertising the Li house with colleague Justin Haines, mentioned the primary time he drove up the lengthy drive at Bellagio La Villa his jaw dropped.
“I couldn’t consider that such a palatial but sophiscated house existed on the Gold Coast.
“It appeared just like the kind of stunning constructing that you just see because the centrepiece of lush inexperienced estates in Europe and the UK.
“The house is stately and regal and within the excellent setting.
“I used to be left filled with admiration for individuals who constructed it and for the enhancements which have adopted below the Li possession.”
Mr Li purchased the two-title Bellagio holding and adjoining land for $7.2 million in 2014 from Coral Properties founders Paul and Vicki Sweeney within the wake of their marriage break-up.
Bellagio La Villa reportedly price greater than $8 million and was constructed on land that price $7 million in 2006.
Mr Li went on to spend $7.38 million on three adjoining properties.
His holding, along with Bellagio La Villa, has 5 different four-bedroom homes.
Mr Li, through the Ridong group, is among the largest property builders in China’s Guangdong province and has operated in Australia since 2000, initially in Sydney.
What you get for $50 million
•A two-level home that with a flooring space of 2450 sqm and a porte cochere.
•Ten bedrooms, all with en suites, and together with a main bedroom along with his and hers dressing rooms and separate bogs.
•A number of residing areas, together with a library and media and music rooms.
•A eating room to accommodate 16 friends.
•A heated indoor swimming pool, with spa and sauna, and a gymnasium.
•A five-car storage completed to a normal that permits it for use as a ballroom.
•A separate caretaker’s cottage.
•Two horse stables, a big shed, an orchard, and two dams.
•49ha with a frontage to Tallebudgera Creek and near the Tally Valley golf course and faculties.