Clive Palmer has paid $12.6m for a house on Australia’s most tightly-held beachfront strip.
Multi-billionaire entrepreneur Clive Palmer’s Gold Coast spending spree continues, paying $12.6m for a home on Australia’s most tightly-held beachfront strip.
His latest big-ticket purchase on Mermaid Beach’s Hedges Ave — known as Billionaire’s Row — follows his $18.5m whole-floor penthouse buy on the same street.
Multi-billionaire entrepreneur Clive Palmer’s Gold Coast spending spree continues, paying $12.6m for a luxury beachfront home.
Clive Palmer has bought another property on Hedges Ave, Mermaid Beach. Picture: NewsWire / Sarah Marshall
The former politician and businessman, who owns hundreds of residential properties, is the undisputed king of Hedges Ave — he now owns four luxury residences on the strip as well as a 993sq m block of beachfront land.
Palmer bought his latest beach house through agents Amir Mian and Carlie Mills.
“It was an astute buyer who knows the value of prime beachfront,” Mr Mian said.
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Multi-billionaire entrepreneur Clive Palmer’s Gold Coast spending spree continues, paying $12.6m for a luxury beachfront home.
The four-bedroom, five-bathroom house is on a 405sq m block and includes a Mediterranean inspired influence.
“Commanding an exceptional position directly on the golden sands of Mermaid Beach, this absolute beachfront tri-level residence presents a rare opportunity to secure an exclusive slice of Gold Coast coastline,” the listing states.
“Gazing across the glistening pacific ocean, the home offers uninterrupted views, outstanding privacy and a lifestyle defined by space, comfort and timeless coastal appeal.
Multi-billionaire entrepreneur Clive Palmer’s Gold Coast spending spree continues, paying $12.6m for a luxury beachfront home.
“Comfortable and well maintained, the home also offers exciting scope to modernise and further enhance its value in one of the Gold Coast’s most tightly held beachfront locations.”
The four-bedroom, five-bathroom house is on a 405sq m block and includes a Mediterranean inspired influence.
The vendors paid $11m for the property in 2014 and had previously had it on the rental market at $2200 per week.
Mermaid Beach is the most expensive suburb on the Gold Coast with a median house value of $3,420,453 according to PropTrack.
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