Mega sale: $4m for a patch of dirt on Qld’s Sovereign Islands

21 Knightsbridge Pde West, Sovereign Islands sold for $4m. A buyer has paid a record-breaking $4m for a 706sq m patch of grass with plans to build a mega mansion, despite a slowing national property market. The block, on the Gold Coast’s prestigious Sovereign Islands in Queensland, is due to settle this week. 21 Knightsbridge Pde West, Sovereign Islands sold for $4m. 21 Knightsbridge Pde West, Sovereign Islands sold for $4m. Ivy Realty agents Ivy Wu and Isaac Kim handled the sale of 21 Knightsbridge Pde West, which includes an outlook to the Gold Coast Broadwater. “It’s a great result for the area,” Mr Kim said. “It works out to be just under $5700 per square metre which is a record price per square metre (for land in the suburb).” The street, one of the most expensive in Queensland, includes dozens of mega mansions with wide water views. MORE NEWS: ‘Longevity’: Inside the Gold Coast’s new $360m tower New $3.2m units ovetake suburb’s median house price How you can get a $700k home in Qld’s most expensive markets 21 Knightsbridge Pde West, Sovereign Islands sold for $4m. 21 Knightsbridge Pde West, Sovereign Islands sold for $4m. Mr Kim said the buyer planned to build another “specta...