‘Alston’ at 5 McMillan Ct, Southport
THE notoriously private owners of a French-inspired riverfront mansion have launched a renewed campaign to sell their lavish Gold Coast property, which last changed hands in 2021 for a record $23.75m.
Considered one of southeast Queensland’s finest homes, the Southport estate, named ‘Alston’, is listed via an expressions of interest campaign with Kollosche principal, Michael Kollosche.
It’s the latest in a string of high-profile sales pitches for the palatial three-storey home, which has been on and off the market since August 2022 with several different agents, and was scheduled to go to auction in January but pulled from the program on the night.
The trophy home has been refurbished since it last sold for a record price in 2021
It was designed by architect Michael Witty
The owner’s identity has remained suppressed since their purchase, which was the highest recorded residential transaction in Queensland at the time.
Mr Kollosche said the vendors were living in the Michael Witty-designed property at 5 McMillan Ct, but wanted to relocate to the beachfront.
He said the six-bedroom, seven-bathroom estate set amid landscaped grounds on a 3,442sq m waterfront allotment had recently been significantly upgraded.
Dazzling chandelier crowns an Imperial staircase
“Finding a landholding of this size in such a central location in today’s market is difficult, but for it to also include such a sophisticated and timeless residence makes it an unrivalled
offering,” Mr Kollosche said.
“There are few homes on the Gold Coast that could compete with 5 McMillan Ct on
location, offering and overall market appeal.”
Property features include a statement 7.8m-high entry foyer with a three-tier chandelier crowning an Imperial staircase, while bespoke finishes throughout include arched French doors and windows, hand-laid parquetry floors, ornate timbery joinery and wainscoting, coffered ceilings and chequered marble tiles.
The property has an indoor pool, spa, gym and sauna
There’s a hotel-style marble bar and wine room, home cinema and billiards room, indoor pool, gym and sauna, executive office and two-storey library.
Mr Kollosche said recent inquiry levels from high net worth individuals seeking to invest in prestige Gold Coast real estate had been “remarkable”.
“The calibre of buyer in search of prestige assets at the moment are some of the wealthiest people in the country, and their focus may be either in shifting to the Gold Coast or buying a second residence here,” he said.
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The property was once owned and built by bankrupt developer Graham Spottiswood and his wife, Suzanne, who bought the block of land for $2.35m in 1998.
It is located in one of the Gold Coast’s most elite residential precincts, close to TSS and St Hilda’s private schools.
The property is co-marketed by Rebecca Moffrey, of Ray White Burleigh Group, with expressions of interest closing June 14.
One of the home’s bars
The home has six bedrooms and seven bathrooms
PropTrack data shows house prices in Southport were up 5.9 per cent over the last 12 months to a median of $900,000.
The latest PropTrack Home Price Index shows national values continued to stabilise in April for the fourth consecutive month, rising 0.14 per cent.
The cumulative increase in 2023 is now 0.75 per cent, with strong migration, tight rental markets and limited supply offsetting the impact of rapid interest rate rises.
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