Dreamworld creator’s heir makes $5m gain near the Broadwater

Rodney Longhurst, owner of luxury motor yacht builder Riviera Australia has sold a home in Runaway Bay for $5.6m. Picture: Jerad Williams
Gold Coast businessman Rodney Longhurst of Riviera Boats has made a $5m gain on the sale of a waterfront property his father – Dreamworld creator John Longhurst – sold him 25 years ago.
Mr Longhurst senior, who passed away in January this year, was one of the most prolific developers on the Gold Coast co-risking $13m in 1981 opening Dreamworld – a move that boosted the Gold Coast as a destination.

$13m Dreamworld partners Sydney furniture retailer Ken Lord (left) and John Longhurst (right).
John Longhurst also collected cars and owned a Model T Ford. Picture: Des Houghton.
Riviera Australia chairman Rodney Longhurst at the factory in Coomera. Picture: Tertius Pickard

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Rodney Longhurst bought the property off his father for $600,000 in 1997. His father had paid $1m for it nine years earlier and also owned three adjoining blocks on the coveted street in Runaway Bay where the family put in a new development.

44 Anglers Esplanade Runaway Bay, sold off market for $5.6m.
Rodney Longhurst has sold the house on the left with the family putting in new builds across the other blocks they own in 2018. Picture Mike Batterham
Close to the action, yet a world away: The Broadwater looking south from Runaway Bay. Picture Mike Batterham.
The 560sq m five bedroom, four bathroom, triple garage house is on an 858sq m block of land, with a pool, boat ramp and gym.
The property – zoned for medium density residential development – sold off market for $5.6m.

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