Inside the lavish ‘mega-mansion’ unlike anything in Australia – complete with seven bedrooms, four kitchens, a glass swimming pool and a private wellness studio
- A one-of-a-kind ‘mega-mansion’ unlike anything in Australia is back on the market 14 months after it last sold
- The sprawling split-level home on the Gold Coast was listed for less than a week before selling in August
- It has seven bedrooms, six bathrooms, multiple living spaces, a glass swimming pool and wellness studio
- There’s also a grand dining area, four kitchens, garden pavilion and a basketball court with stadium seating
A one-of-a-kind ‘mega-mansion’ unlike anything in Australia is back on the market just 14 months after it last sold.
The spectacular seven-bedroom home in Mudgeeraba’s gated Jabiru Estate on the Gold Coast was listed for less than a week before a local buyer swooped on it in August 2020.
Designed with a fusion of Brazilian and ancient Japanese architecture, the lavish 4,611sqm retreat sold for a cool $4.6million to a private owner who now spends most of their time overseas due to offshore business interests.
With Australian property prices soaring at the fastest pace since the late 1980s, the buyer has decided to cash in, as demand surges for coastal homes in regional areas a short drive from a capital city.
This one-of-a-kind ‘mega-mansion’ unlike anything in Australia is back on the market just 14 months after it last sold
Listing agent Katrina Walsh of Harcourts Coastal, who sold the designer pad last year and has been appointed to oversee the current campaign, describes it as something truly special.
‘You just don’t get houses that are constructed like this on the Gold Coast,’ she told Daily Mail Australia.
Extensive renovations in 2019 saw the house kitted out with myriad luxury features including polished concrete floors, venetian plaster walls and ceilings, marble finishes, and hand-cast brass hardware.
It now boasts seven bedrooms, six bathrooms, four kitchens, multiple living rooms, a grand dining area and a spacious home office, as well as a 25m glass swimming pool, a basketball court with stadium seating and a wellness studio.
The redesign was based around an eclectic range of architectural principles, with the greatest influence coming from the Japanese concept of wabi-sabi.
Hailed as the interior trend of 2018, wabi-sabi is Asia’s down-to-earth answer to hygge, the Danish philosophy that celebrates comfort and coziness.
But while hygge finds joy in dopamine-boosting fixtures such as handwoven blankets and blazing log fires, wabi-sabi is all about embracing imperfection.
The ancient practice developed by Zen monks around 15th century seeks beauty in the natural cycles of growth, decay and death, focusing on everything that is impermanent and incomplete.
The house is set to go under the hammer at an auction on Wednesday, November 17, but no price guide has been disclosed.
One of the mansion’s four kitchens, finished with luxury fittings including veined marble and hand-cast brass hardware
The redesign was based around an eclectic range of architectural principles, with the greatest influence coming from the Japanese concept of wabi-sabi which celebrates imperfection
Ms Walsh said the property has been attracting prospective buyers with a ‘high net worth’, indicating there should be little trouble achieving a higher price than it fetched last year.
And it’s the same story across the country.
In the year to September, Gold Coast property prices surged by 26.7 cent, but that was only enough to make it Australia’s 14th hottest market, CoreLogic data showed.
Australia-wide there has been a 20.3 per cent annual increase; the sharpest since July 1989 when interest rates were at a now-unimaginable 17 per cent.
Sydney’s Northern Beaches had a 37.2 per cent annual increase in property prices with the Richmond-Tweed area of northern New South Wales – including Byron Bay – climbing by 30.8 per cent, outdoing Greater Sydney’s 26 per cent rise.
Listing agent Katrina Walsh of Harcourts Coastal, who sold the designer pad last year and has been appointed to oversee the current campaign, describes it as something truly special
There are polished concrete floors (left) and a spacious home office (right)
The crowning glory is a 25m glass-edged mineral water lap pool (pictured)
Record-low interest rates saw house price records set in 88 per cent of Australia’s real estate markets, with regional areas by the coast doing even better than capital cities as more professionals began to work from home, obviating the need to live in major cities.
In August, house prices hit new peaks in 69 of Australia’s 78 property sub-markets based on a grouping of suburbs and towns.
Detached homes with gardens are in particularly high demand, which means the number of them on the market has plummeted.
A study from house price data provider CoreLogic revealed there were 153,803 houses for sale across Australia in August 2018. As of late August 2021, there are just 88,872 houses on the market, a drop of more than 42 per cent.
Ms Walsh said the property has been attracting prospective buyers with a ‘high net worth’, indicating there should be little trouble achieving a higher price than it fetched last year
Two of the seven bedrooms, both fitted with luxury timber beds and custom hardwood windows
The house is set to go under the hammer at an auction on Wednesday, November 17, but no price guide has been disclosed
But finance experts warn prices in suburban areas could crash by 20 per cent while apartment values may plunge by up to a third when the boom inevitably ends.
Aussie Home Loans founder John Symond said he fears prices have moved ‘too far, too fast’, calling them ‘insane’.
A 20 per cent drop in some suburbs would see Sydney’s median house price plunge by $258,690, from a record high $1.293million, while a similar catastrophe in Melbourne would see prices fall by $190,900, from $954,496.
But if buyer interest in the Jabiru Estate mansion is anything to go by, for now at least, the bubble remains intact.
Source: Read Full Article
