Gold Coast renovator’s delight fetches $2.648m after 30 years in one family

46 Markeri St, Mermaid Waters has sold under the hammer A termite and mould-damaged “renovator’s delight” held by the same family for 30 years has sold under the hammer for $2.648m. Three bidders vied to take on the waterfront estate at 46 Markeri St, Mermaid Waters, a 1148sq m parcel with a whopping 62m of water frontage in one of the Gold Coast’s most exclusive locations. The sellers, two sisters-in-law from a prominent local family, had lived in the five-bedroom, five-bathroom property for three decades, finally resolving to let it go as its maintenance became overwhelming. Kollosche marketing agent Gypsea Youngsmith said the home had languished on the market for a year with another agent prior to the auction campaign. Stunning outlook with 62m of water frontage “They were really keen to move on and depart as two separate families. As much as they loved living there, it was two women trying to maintain a big, beautiful house,” Ms Youngsmith said. Ms Youngsmith said the three-week campaign drew 55 inquiries and 26 inspections, with prospective buyers provided with information outlining “typical Queensland weather damage” to the expansive property, including mould, wood rot and te...