Abandoned mansion hits the market

An abandoned mansion in the millionaire’s enclave of Sovereign Islands has been listed for sale, lifting the lid on a mystery that has baffled residents for more than a decade.
The imposing estate on a 1,400sq m waterfront lot at 5-7 Queen Guineveres Pl is marketed by Alex Phillis, of Phillis Real Estate, and will go under the hammer on September 25.
CoreLogic records show the property last changed hands in 1997 when it was purchased by an overseas investor as a holiday home.
Mr Phillis said noone had set foot in the sprawling five-bedroom, five-bathroom home for 10 to 15 years.
5-7 Queen Guineveres Pl, Sovereign Islands
A timber staircase with wrought iron balustrade leads upstairs
While the Mediterranean-inspired abode was rumoured to have been built for royalty, the build date was not publicly recorded.
Saturday’s first open home inspection was expected to attract a crowd of curious neighbours from within the exclusive Gold Coast community along with potential buyers.
Sovereign Islands is home to some of Qld’s most salubrious properties, with high-profile homeowners in the private gated estate including billionaire Clive Palmer.
View from the street
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Mr Phillis said the sale was an opportunity for an “imaginative” buyer to secure a north-facing double block with bridge-free acess to the Broadwater to create their dream home.
Described as a “grand and timeless home”, the property has high ceilings to allow natural light to fill multiple living and entertaining areas, including a sunken lounge and formal dining room.
The original floors have been ripped up, but glittering chandeliers still hang overhead.
A winding timber staircase leads to upstairs living quarters, including a huge master bedroom suite with a private balcony.
Al fresco entertaining
Chandeliers still hang from high ceilings
Al fresco entertaining is catered for with wraparound terraces, a barbecue pavilion, and pool overlooking the pontoon.
“The home has been brought back to a standard so that people can have the vision of what it can be restored to, which was arguably one of the top mansions of Sovereign Islands,” Mr Phillis said.
“This was a quality build that was constructed with impeccable attention to detail, and back then the Mediterranean style was really in vogue.
“We just want people to be able to see that with a bit of investment, this can be brought back to a property of spectacular standing,” he said.
Maintenance work to both the interior and exterior of the property was undertaken prior to listing, as well as extensive gardening.

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