15 Westminster Court, Sovereign Islands, has sold to a local for $6m.
In time-honoured tradition a Sovereign Islands mansion has changed hands between near neighbours, this time for $6 million.
Insurance king-pin Peter Edwards and his wife Christine have sold their home at 15 Westminster Court to former waterskiing legend Glenn Thurlow and his wife Lisa in a deal brokered through Edin Kara of Ray White Sovereign Islands.
Sovereign Islands residents Peter and Christine Edwards have offloaded a second home at 15 Westminster Court..
The property was a renovation project for the Edwards, who currently live in the exclusive enclave on Royal Albert Crescent.
The couple are serial flippers, buying and selling several properties in Paradise Point and Hope Island in recent years, turning over millions in the process.
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In 2017 they bought, restored and a year later sold 52 Royal Albert Crescent for $3.75 million, before picking up Westminster Court in 2019 for $3.1 million from Steven Probert, who went on to purchase a home in Parklane Terrace on the island.
It was bought by the owners of 53 The Sovereign Mile, which is now up for auction.
At the same time, Christine offloaded 24 Brittanic Crescent for $1.95 million.
The Edwards’ renovated 15 Westminster before putting it back on the market in October last year.
Eyed-off by the Thurlows for some time, the couple finally decided to take the plunge, making the unconditional offer of $6 million for the four-level, six-bedroom Mediterranean villa-style mansion with a gym, wine cellar, expansive garage and pontoon suitable for a large boat.
The mansion is owned by former waterskiing legend Glenn Thurlow and his wife Lisa.
The couple are no stranger to Sovereign Islands. The pair live at 53 The Sovereign Mile after snapping it up for $2.5 million in May last year.
They bought the property after selling their previous home of eight years at 1-3 Knightsbridge Parade East, for $5.5 million.
The Thurlows traded their farm in Albury-Wodonga for the Sovereign Islands property around the time of Mr Thurlow’s retirement in 2013.
The Thurlows are selling because they just bought 15 Westminster Court.
Now that they have bought 15 Westminster, the couple have put their home at 53 Sovereign Mile on the market, with it set to go to auction on Tuesday, August 31 at 5.30pm.
The five-bedroom, six-bathroom home on an 800sq m block as has 22m water frontage along with multiple living areas, a theatre room, outdoor alfresco and poolside retreat.
The modern build is a world away from the villa-style property the champion waterskier, who was the first person to exceed a 200ft jump with a leap of 61.57m or 202ft on wooden skis, will be moving to.
The property will be auctioned on August 31.
The property will be auctioned by Mr Kara and colleague Ali Mian of Ray White.
Mr Kara, who has been a longstanding agent in the area, said it was indicative of residents on Sovereign Islands to only move within the same precinct.
One of the reasons for this may come down to buyers needing deep pockets to get a foothold in the precinct, with the median house price in Paradise Point reaching $1.27 million, one of the highest on the Gold Coast.
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