Termite-damaged Mermaid Waters home fetches $2.648m at auction after year on market

46 Markeri St, Mermaid Waters has sold under the hammer A termite and mould-infested “renovator’s delight” owned by the family behind long-running Gold Coast dining institutions Ristorante Fellini and Ecostudio Fellini has sold under the hammer for $2.648m. Three bidders vied to take on the waterfront estate at 46 Markeri St, Mermaid Waters, a 1148 sq parcel with a whopping 62m of water frontage in one of the city’s most exclusive locations. The sellers, two Italian sisters-in-law from the prominent Percuoco family, had lived in the five-bedroom, five-bathroom property for three decades, finally resolving to let it go as its maintenance became overwhelming. Ristorate Fellini’s former partners Anna Cacace, Rafaello Di Benedetto, Richard Burt and Carlo Percuoco Carlo and Anna Percuoco The Percuoco family are local hospitality heavyweights, best known for their former Marina Mirage fine-diner Ristorante Fellini, which hosted international celebrities including the Rolling Stones, Hugh Jackman, Pink and Sarah Michelle Gellar before its closure in 2020 after nearly 30 years. They also ran Mudgeeraba wedding venue Ecostudio Fellini, which was sold and rebranded to Kwila Lodge, reopening ...