It comes as the prestige market on the Gold Coast moves into high gear, with another $10 million sale on The Sovereign Islands.
Ms Quinn, who built the VIP Petfoods empire with husband Tony before selling it for $410 million and buying Darrell Lea confectionery, bought her Sanctuary Cove property after offloading her art deco-style mansion at Tamborine Mountain for $5.5 million earlier this year.
Inside 37-39 Brittanic Cres, The Sovereign Islands, which sold for $10m.
The deal for Ms Quinn’s chateau inspired-residence at 2086 The Circle is the second-highest property sale at the prestigious golf and marine community.
She declined to comment.
The Sanctuary Cove property was marketed by Ray White Prestige Gold Coast’s Matt Gates, who secured the off-market sale.
Inside 37-39 Brittanic Cres, The Sovereign Islands, which sold for $10m.
CEO Andrew Bell said high-end sales tended to restore confidence in the general market.
“When high net-worth individuals are outlaying serious money for properties, it assures people the market will continue to gain strength,” Mr Bell said.
“These deals come at a time when people are demonstrating renewed faith in the Gold Coast as the city heads towards the 2018 Commonwealth Games.”
Inside 37-39 Brittanic Cres, The Sovereign Islands, which sold for $10m.
On The Sovereign Islands, it is the biggest property deal in the elite enclave of islands in a decade after its market was battered by the Global Financial Crisis.
Dubbed one of the Gold Coast’s most unique properties, 37-39 Brittanic Cres has all the modern luxuries expected of a contemporary waterfront residence, including a cinema, several entertaining areas, commercial-grade barbecue and two boat moorings.
Inside 37-39 Brittanic Cres, The Sovereign Islands, which sold for $10m.
Sellers Jenny and Clint Karan bought the two properties in 2003 and 2006 for a combined $4.275 million and transformed them into one giant estate.
The resort-inspired residence sits behind wrought-iron gates on a 2168sq m block with cobblestone driveways and paths throughout.
Inside 37-39 Brittanic Cres, The Sovereign Islands, which sold for $10m.
“The house has a Tuscan-Mediterranean feel externally and that’s the original architecture, all we’ve done is tidy it up,” Mr Karan said.
“My wife has a flair for design and so a lot of the internal work is from her — it’s from our travels and the different things we’ve seen.”
Inside 37-39 Brittanic Cres, The Sovereign Islands, which sold for $10m.
Prestige Property Agents’ Amir Mian and Ivy Wu managed the sale of the Sovereign Islands home and said a local family bought the property.
Both sales follow a string of deals on the Coast, including a beachfront mansion at 159 Hedges Ave, Mermaid Beach, which went for $13.25 million.
The highest sale of the year so far is a property at 57-59 The Corso, Isle of Capri which sold for $15.5 million in July.
Inside 37-39 Brittanic Cres, The Sovereign Islands, which sold for $10m.
TOP 10 SALES 2016
$15.5 million, 57-59 The Corso, Isle of Capri
$13.25 million, 159 Hedges Ave, Mermaid Beach
$11 million, 18-20 Southern Cross Drive, Surfers Paradise
$11 million, 107 Albatross Ave, Mermaid Beach
$10.9 million, 2086 The Circle, Sanctuary Cove
$10 million, 37-39 Brittanic Cres, The Sovereign Islands
$8 million, 7313 Bayside Close, Sanctuary Cove
$7 million, 120 Commodore Drive, Paradise Waters
$6.25 million, 3001 & 3002 ‘Ultra’ 14 George Avenue, Broadbeach
$5.5 million, 46-54 Curtis Rd, Tamborine Mountain
Original article published at www.goldcoastbulletin.com.au by Aleisha Pidgeon 06/9/16
