Mansion makes owner $430,000 a year for five years

2334 Cressbrook Drive, Hope Island sold for $6.35 million.
A SPRAWLING Hope Island mansion has sold for $6.35m, making its owners more than $2 million over five years.
The property, at 2334 Cressbrook Drive, was set to go to auction but a buyer made an offer that was too good to refuse.
The property previously traded in August, 2017 for $4.2 million – the latest deal means the vendors made $430,000 for each year of ownership.
Kollosche agents Sam Guo and Julia Kuo marketed the property alongside William Sarti.

The property has a huge water frontage.
Inside the luxury abode.
Mr Guo said a couple from the ACT snapped up the property, attracted to its location, design and water outlook.
“The buyers liked how grand the house was and the huge water views,” he said.
“It is also in a cul-de-sac so it ticked a lot of boxes.”

High ceilings area a common theme.
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Mr Guo said the buyers toured the house twice before putting their offer in.
“We had a few people make a couple of offers,” he said.
“The buyers came along and made an offer which we negotiated over a couple of days before the deal was sealed.
“It was actually a street record.”

There is plenty of space to entertain.
The property was staged for the marketing campaign with the vendors moving out beforehand.
“We had an intensive marketing campaign and presented the property really well,” Mr Guo said.
The five-bedroom house is on a 1412sq n block in Hope Island Resort’s exclusive Gracemere Estate.
As well as 51.9m of water frontage, there is a resort-style pool and spa, 12m pontoon and several covered alfresco entertaining areas.
Inside, soaring ceilings and finishes combine with organic materials and natural light over two storeys.

The property from the air.
Other features include a basement garage, balconies, butler’s pantry, wet bar and home office
Mr Guo said prestige buyers were continuing to attract interest despite a changing market.
“These aren’t buyers looking for bargains, these are buyers looking for the right property,” Mr Guo said.
“If it’s the right property, they will go for it.”

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