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Crowd expected as mega estate goes under the hammer

1525 Riverdale Dr, Hope Island.

A grand Hope Island estate goes under the hammer tomorrow in what is shaping up to be the biggest auction on the Coast so far this year.

Hundreds of spectators are expected to watch the bidding play out on 1525 Riverdale Drive where a waterfront mansion occupies a point position on 11 titles.

Gilt columns, high arches and ornate ballustrading feature inside.

“It will be one of the biggest auctions on the Gold Coast this year, if not Queensland,” said marketing agent Mark Carew of Professionals Vertullo Real Estate.

“It’s scheduled for the 8th of the 8th which symbolises good luck for the Chinese owners.”

It is the first time the .4982ha holding has been open to the public in 18 years, with previous deals having been done off market.

“You can’t even see the house from the street as it’s hidden at the end of a driveway,” Mr Carew said.

“It took some convincing for the owners to agree to a public auction, but the campaign is already generating a lot of interest.”

The house wraps around a resort-style pool.

The current owners bought the Mediterranean-style mansion known as Harbour Point during the GFC in 2009 for $9 million, $390,000 less than billionaire property developer Lang Walker paid in 2004.

The house was built by national car-warranty business owner Gary and Suzanne Chuck who purchased the prime plot in 2001 for $2.1 million.

The estate is surrounded by manicured gardens.

The global campaign has attracted local, interstate and overseas inquiries ahead of the onsite auction which could see a new benchmark in the exclusive resort.

“This will be an auction record for Hope Island if sold under the hammer,” Mr Carew said.

“I really won’t know exactly who will be bidding until the day of the auction as last-minute registration is not uncommon.”

The current record for Hope Island is $16.5 million, paid in 2017 for a waterfront mansion built on three blocks in Virginia Drive.

The auction is scheduled for 1.30pm tomorrow.

Auctions on Saturday, August 8

4 Cabana Boulevard, Benowa Waters.

4 Cabana Boulevard, Benowa Waters

Kollosche’s Josh Mana is driving the campaign on this stylish single-level sanctuary on a 1180 sqm block with 24.69m of water frontage to the Nerang River. The auction is set down for 1.30pm.

20 Pipit Parade, Burleigh Waters.

20 Pipit Parade, Burleigh Waters

Ray White’s Troy Fitzgerald is marketing this four bedroom house on 656 sqm with a pool and self-contained guesthouse leading up to auction on Saturday at 10am.

132 Port Jackson Boulevard, Clear Island Waters

132 Port Jackson Boulevard, Clear Island Waters

Ray White’s Sam Guo and Julia Kuo are showcasing this three-level resort-style home with 29m of wide water frontage and skyline views. Online auction is on at Saturday 12pm.

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