A substantial offer has been made for 26 Knightsbridge Pde East, Sovereign Islands.
It’s been on and off the market for almost three years, but could the latest offer made for Riccardo Rizzi’s Sovereign Islands mega-mansion be the one that finally seals the deal?
Rumours that a lucrative offer had been made for Villa Vittoria, one of the Gold Coast’s most iconic homes, were running rife among locals on the weekend.
Selling agents Alex Caraco and Lorenzo Badalotti of Raine and Horne, yesterday confirmed that an offer had been made by an ex-pat buyer from Hong Kong.
26-33 Knightsbridge Pde East, Sovereign Islands.
Mr Caraco said the contract was in the hands of Mr Rizzi and they were waiting for his instructions.
“I can’t disclose anything about the deal except to say that we’ve had lots of offers but this one is definitely of an acceptable price and if the contract is signed it will set a record for the Gold Coast,” Mr Caraco said.
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The mega mansion covering four blocks has been on the market for more almost three years.
It will be a long-awaited sale given the property’s history.
Villa Vittoria was first listed in October 2019 with Alex Phillis Real Estate, then Amir Prestige and Kollosche before landing in the hands of Raine and Horne Elite in December last year.
A statue of Neptune greets you in the grand entrance.
It has always been the Gold Coast’s most expensive property, with its price fluctuating between $36m and $44m during its earlier days on the market.
It has been under the hammer a couple of times, with Mr Rizzi rejecting bids for $28m and $34m.
After more than 270 days on the market, it was relaunched to prospective buyers in a bid to generate renewed interest.
More than $11m was spent on the home by its owner.
Among a fanfare of models and celebrities jetting about on electric surfboards on the waterfront outside the mansion, it was relisted in January for $50m, with a yacht and performance car thrown in as a sweetener. It has since been relisted open to expressions of interest.
The house was modelled on a French chateau.
Mr Rizzi, a Perth-based civil engineer, put his hand up at a 2013 auction to purchase the property incomplete for $5.3m.
He has reportedly spent about $11m bringing it up to its current stage.
It was designed by Bayden Goddard.
The mansion is modelled on a 100-year-old chateau and was designed by Brunei architect to the royals, Bayden Goddard.
It is set across three levels connected by a lift, with architectural features including soaring voids, spiral staircases and marble columns.
It has a 25m pool and Turkish bathhouse among other features.
There’s a 25m pool, 12-car garage with car wash bay and nine bathrooms, while the entrance is graced by a 4m-tall statue of King Neptune.
Set across five north-facing blocks on the Broadwater waterfront, it has six bedrooms and a private maids’ quarters, as well as a wellness suite with massage room, a Turkish bathhouse, gym and change room.
The owner has rejected offers of $28m and $34m in the past
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