‘Free-flowing’ bids land $10.8m auction sale for Surfers Paradise mansion

125 Commodore Dr, Surfers Paradise
A distinctive riverfront mansion in a prized location along one of the Glitter Strip’s priciest streets has sold under the hammer for $10.8 million.
Six bidders vied for the keys to the luxury Surfers Paradise estate, which was owned by an interstate company director who never moved into the trophy home.
Auctioneer and Ray White Surfers Paradise chair Andrew Bell took an opening offer of $7m for the commanding Hamptons-style home at the group’s in-room auctions.
Mr Bell said bids were “free-flowing” even as the sale price hit eight figures, indicating the continued strength of the Gold Coast prestige market.
Prized position on one of the city’s most expensive riverfront streets
The Jared Poole design incorporates multiple indoor and outdoor living spaces
“Sometimes, in an uncertain market, you’ll notice people are nervous so they bid more slowly, but that was not the case,” Mr Bell said.
“There was very strong bidding and it was a reflection of the market.”
The local buyer’s identity has not been disclosed.
The five-bedroom, four-bathroom property at 125 Commodore Dr was marketed by Ray White Surfers Paradise agent, Robbie Graham, and last changed hands for $10.5m in June 2022.
Property records show the glamorous home on an 836sq m allotment in Paradise Waters is registered to the company name, GC Properties Australia Pty Ltd.
Denis Midor, of Toorak, is listed as the sole director.
Workers at Softmed in Camplefield manufacture surgical masks being donated to India to help combat the COVID outbreak. Picture: Andrew Henshaw
Mr Midor is also registered as the director of Softmed, a Melbourne medical goods supplier which in 2020 pivoted its production lines to manufacture face masks and other PPE to support Australia through the Covid-19 pandemic.
The vendor was not present at the auction, where a “floating reserve” was met by the highest bidder when the hammer fell.
Designed by renowned architect Jared Poole, the three-storey house has views over one of the widest sections of Gold Coast waterways.
The layout includes formal and informal areas both indoors and out, with multiple living zones across three levels, as well as a study, gymnasium and ground floor guest suite.
The home has five bedrooms and four bathrooms
MORE NEWS
Exclusive first look: Inside Brisbane’s most expensive apartment
Century-old ‘shacky chic’ Magnetic Island home under offer
Cheapest suburbs to buy a house or unit

A formal entrance makes a statement with 7m ceilings, while design highlights include large windows, solid timber oak floorboards, coffered ceilings with recessed lighting, elegant timber wall panels, custom cornices and surround sound throughout.
French doors and plantation shutters open outdoors to manicured lawns and grand magnolia trees, as well as an elevated entertaining terrace by the water, heated 15m
infinity-edge pool and built in fire-pit setting.
The Hamptons-style kitchen in a showstopper
Throughout the home, classic stylings combine with the latest technology such as state-of-the-art automation controlling the lighting, blinds, alarm, audio, as well as ducted air-conditioning and advanced security system.
The basement garage features six car spaces, a wine cellar, storage and mudroom.
Mr Graham described the property as “magnificent”.
“Certainly, it is one of the most impressive homes to come to market, in a truly spectacular location,” Mr Graham said at time of listing.
“With its proximity to TSS and St Hilda’s private schools, as well as dining hotspots on Tedder Ave and shopping precincts, this home wants for nothing.”

The post ‘Free-flowing’ bids land $10.8m auction sale for Surfers Paradise mansion appeared first on realestate.com.au.

Don’t Stop Here

More To Explore

Where have all the buyers gone?

59-61 Martin Pl, Tamborine It’s an architecturally designed family entertainer with stunning views, located in a rising Gold Coast Hinterland market where other comparable properties