Gold Coast mansion sells for $5m after a year on the market

A WATERFRONT mansion has sold in a deal worth $5 million after more than a year on the market.

The Broadbeach Waters property, at 104 Monaco St, first hit the market in January, 2022 and is finally under contract after 414 days, property records reveal.

The high-end new build, completed in December, 2022, was first offered to the market during its construction stage with a price tag of $5.3 million.

It was taken to auction in January, 2023.

104 Monaco St, Broadbeach Waters

In February, Kollosche’s Jay Helprin and Michael Kollosche took over the marketing campaign and snagged a buyer in an off-market deal within three days.

“My colleague Daniel Sharp was working with the buyers — he came through an open home and thought it would suit them,” Mr Helprin said,

“We then negotiated with them.

“We have a huge depth in our database and plenty of collaboration in our office.”

The property is in Broadbeach Waters’ sought-after “golden triangle” and embodies contemporary coastal design.

Property records show vendors Zarah and Logan Pihl paid $1.26 million for the block in August, 2020.

Completed by local builder, Gold Class Homes, the home makes a glamorous statement with its neutral colour palette, gleaming bespoke finishes and curves.

The two-storey five-bedroom home features spacious, light-filled interiors with no expense spared on sourcing showstopping finishes from around the world.

A striking chandelier defines 6m-high ceilings in the living area, the kitchen has a marble island bench, and a freestanding stone bath tub features in a lavish ensuite.

The vendors worked closely with designers, Studio Workshop Architects, to create a floorplan with separation for families or executives, with equal focus on effortless indoor-outdoor living and entertaining.

104 Monaco St, Broadbeach Waters.

Alfresco entertaining is covered with a terrace with barbecue kitchen plus sunken fire pit lounge, while decking surrounds the waterfront pool set among landscaped gardens.

Downstairs, there’s an office and library lounge area, while upstairs is a second living room.

Four of the five bedrooms are upstairs, including the master suite with its especially generously-sized walk-in wardrobe.

Mr Helprin said there was more demand compared to stock in the Gold Coast prestige market.

“We are still seeing a strong demand for prestige properties and we are still transacting a lot of them although we are limited by stock,” Mr Helprin said.

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