Gold Coast trophy home sells for $24.8m, sets new Qld auction record

5 McMillan Court, Southport sold for $24.8 million in a Qld auction record.
ONE of the Gold Coast’s best trophy homes has sold under the hammer for $24.8m, smashing the Queensland auction record.
Alston, at 5 McMillan Court, Southport is the highest residential property sale in QLD this year and has set a new residential auction record for the state.

The house sits on a huge 3442sq m riverfront block.
The grand staircase.
It comes two months after 59 The Corso, Isle of Capri sold at auction for $24m.
Auctioneer Justin Nickerson, from Apollo Auctions, called the auction of Alston onsite with media denied entry.
There were three registered bidders although the third bidder, who was the eventual buyer, only registered midway through.
“Whether that was a strategy to sit back or whether it was an impulse that came over them, I’m not sure but either way, it worked for them in the end,” Mr Nickerson said.

The property is described as aspirational real estate.
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Bidding kicked off at $20 million and after four bids paused at $24 million for negotiations.
The buyers raised their bid and the hammer eventually came down.
“People are always interested in these sorts of homes and what they transact at,” Mr Nickerson said.
“It’s aspirational real estate and people really work their whole lives or climb the property ladder to reach them.”

Or enjoy a drink in the bar.
Kollosche principal Michael Kollosche and agents Sam Guo and Julia Kuo, in conjunction with Ray White Burleigh Group’s Rebecca Moffrey marketed the mansion.
Potential buyers were told to “disregard previous pricing” following a year-long marketing campaign.
It last changed hands in 2021 for $23.75m before being placed back on the market 12 months ago.
Mystery has surrounded the identity of the seller, which remains unknown after they were granted a rare identity suppression by the Queensland Government.
Entertain all year round with river views.
A strong desire to make a move to the beachfront led the seller to switch to an auction campaign, the agents had said.
Tucked behind wrought-iron gates, the tri-level home covers 2451sq m and is surrounded by parklike grounds on a block spanning 3442sq m.
The home’s distinctly European-style porte-cochere, designed by architect Michael Witty, is unmissable as you cruise along main river.

The house from the front.
The house has six bedrooms and seven bathrooms, including those of the luxurious master suite that occupies an entire wing of the house and two guest suites on the lower floor which have a private entrance.
There are multiple alfresco spaces, verandas, terraces, private balconies and a 360-degree rooftop viewing platform.
Other features include an indoor swimming pool, gym, sauna, two-level library, spiral staircase and an office.

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