8081 Riverside Drive, Sanctuary Cove Island sold in a $7.45m deal.
A Gold Coast property that sat on the market for eight months last year has finally sold in a $7.45m deal.
The Sanctuary Cove house at 8081 Riverside Drive was on the market with two other agencies before Rebecca Wiggins and Selina Feng, of Ray White Malan + Co Broadbeach, took it on this year.
Aerial view of the property.
One of the living areas.
“The property belonged to a gentleman and I had actually sold his mother’s house in Mermaid Waters,” Ms Wiggins said.
“He said to me ‘I’ve got a house in Sanctuary Cove that I can’t sell.
“We actually managed to find a buyer within two weeks.
“I just got lucky though to be honest.”
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The house has some serious street appeal.
Dine in style.
The house blurs the lines between indoor and outdoor living.
Property records show it last changed hands for $5.1m in 2022.
Ms Wiggins said the vendor undertook extensive renovations since, to modernise the home.
“They have spent a lot of money renovating it, just updating everything and a lot of stuff you can’t see.”
Marketed as offering resort-style living and entertaining, the waterfront house has a string of luxury features from a glass lift and super-sized pool, to a gym, wine cellar and commercial pontoon.
There are multiple lounge and dining areas as well as an open-plan kitchen leading out to the outdoor alfresco area.
One of the many dining area options.
The new buyer can also unwind by the feature pond, complete with concrete stepping stones.
“It really is an amazing home,” Ms Wiggins said.
Ms Wiggins said the prestige market had slowed slightly with more properties on the market.
“Buyers are getting a little but more pickier as they have a little bit more choice,” Ms Wiggins said.
“Properties are sitting on the market a bit longer if they are overpriced.”
PropTrack data reveals the median house price in Hope Island, which includes Sanctuary Cove, is $1.7m.
That’s down 0.4 per cent over the past 12 months.
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