THE file worth paid for a designer residence on the Gold Coast’s most costly beachfront strip has been revealed.
Property billionaire Bob Ells splashed $22.6 million on a three-storey home on 1214 sqm at 187-191 Hedges Ave, Mermaid Seaside in a deal which as now settled.
The five-bedroom, five-bathroom seaside pad with 30 metres of direct ocean frontage might be used as a vacation house.
The mega sale, dealt with by Amir Mian and Nat King of Amir Status, is among the many greatest on the Gold Coast to this point this 12 months.
A $25 million contract on the Mermaid Seaside house of Breakfree founder Tony Smith was signed in Might, falling shy of the $27 million paid for an unfinished home on 4 heaps in 2008.
The best worth paid for a accomplished residence on so-called Multi-Millionaires’ Row was $19 million in 2006.
Blue chip beachfront alternatives have been few and much between this 12 months as homeowners decide to sit down tight amid the uncertainly of the COVID disaster.
Again in March Nava Abedian, spouse of Sunland managing director Sahba Abedian, signed an $11 million contract on an 900 sqm beachfront lot at 141 Hedges Ave.
Yvonne McPhee, whose husband Jay heads up McPhee Distribution Providers, signed an $11.25 million contract in January for a 30-year-old home on 809 sqm at 243 Hedges Ave.