46 Reed Street, Ashmore, has smashed the house price record for the suburb.
A mansion owned by Culture Kings co-founding queen Tahnee Beard has blown Ashmore’s house price record out of the water by more than $500,000.
The six-bedroom, main river residence sold for $4.95 million to local buyers upsizing from a smaller block in Mermaid Beach.
Tahnee Beard is no stranger to breaking price records.
The sale has stolen the glory from 25 Bellara Street, which broke the suburb record mere days earlier when it sold for $4.3 million through Sothebys, smashing its own previous price by $550,000.
The two deals in such close succession have helped to cement Ashmore as the Coast’s next hotspot for luxury sales along main river.
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Ashmore home blows price record out of the water
To sell or sit tight, that is the question?
The buyers of 46 Reed Street, Ashmore, are from Mermaid Beach.
Young rishlister Ms Beard, 32, bought the mansion for $3.3 million in 2014, seven years after she and husband Simon launched what has grown to become a multimillion-dollar, internationally acclaimed streetwear brand from their tiny shop on the Coast.
She first put the Ashmore property on the market in August 2020, open to expressions of interest, but failed to sell.
They were looking for a property with more space but still inner-city.
The property was recently relaunched as an open listing and a price tag of $5 million, with multiple agents, including Charlon Delos Angeles of Amir Prestige, Nick Baxter of Ray White Benowa and Tolemy Stevens of Harcourts Coastal Prestige racing to try and find a buyer.
The property has a full-size tennis court.
It was, however, the home’s original listing agent Mr Delos Angeles who finally clinched the sale, with colleague Matthew Biviano.
Mr Delos Angeles said there had been a change in the market since it was first listed which is why he was able to achieve a record price.
The pool and gazebo.
“I actually had multiple offers on the house, but last year when it first was on the market there was more uncertainty about Covid and how it was going to affect people’s lives,” he said.
“A year on from that and the Gold Coast has been highlighted at an interstate and international level as a great safe haven with an exceptional lifestyle.”
Mr Delos Angeles said today’s buyers, including locals, were taking the decision to make long-term moves.
It is immaculately styled.
He said the buyers of 46 Reed Street, originally from Sydney, were looking for more space but still wanted to be in the inner-city and that is why Ashmore was growing in popularity.
“It is one of the last affordable suburbs with super-large blocks on main river,” he said.
The Beard’s property is on a massive 4161sq m block in the exclusive Paradise River Estate and comes a full size floodlit tennis court, basketball court, pool with cabana, a gym, cinema, cocktail bar and wine cellar, as well as garaging for eight cars, plus a separate guesthouse that can be used as staff quarters.
The Beards also own Riverpoint on the Isle of Capri.
The Beards are no stranger to breaking property price records.
Earlier this year they made headlines as the buyers of Queensland’s most expensive apartment – the penthouse in the Soul building Surfers Paradise.
They purchased the property owned by Sydney businessman Andrew Koloadin, for $15.25 million under the hammer at a private auction in May.
The couple also own another waterfront mansion known as Riverpoint, an iconic Balinese-style home on main river, which they bought for $11.75 million in June 2020.
Tahnee broke a state record when she paid $15.25m for the Soul penthouse earlier this year.
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