113 Commodore Drive, Paradise Waters sold for $5.5 million.
A historic Surfers Paradise mansion regarded as an architectural landmark has changed hands in a multimillion-dollar deal.
An unnamed local buyer paid $5.5 million for the riverfront residence at 113 Commodore Drive in an off-market sale handled by Michael Kollosche and Jay Helprin in June.
The grand mansion boasts wide main river frontage.
The property was sold by Flora and Sep Abedian, the brother of Sunland Group founder Soheil Abedian, following a seven-year tenure.
The Abedians previously put the property to auction in 2017 when it was passed in at $6.1 million before being taken off the market 10 months later.
The late Keith Williams, right, built Sea World and developed Hamilton Island.
The historic house was built in the late 1980s for Keith Williams, the legendary entrepreneur who built Sea World and developed resorts at Hamilton Island
Gold Coast construction figure Ron McMaster built the Williams family home which was later owned by Dreamworld founder John Longhurst.
Features include a three-level staircase inspired by the Vatican, arched windows, wrought iron chandeliers and Roman bath-style pool.
The three-level staircase inspired by the Vatican.
The 1489 sqm property also enjoys one of the largest water frontages in Paradise Waters, looking across to the grounds of The Southport School and north to the Southport skyline.
The property’s historical importance was recognised in 2015 when it was opened for public viewing as part of the inaugural Gold Coast Open House program celebrating important architectural landmarks.
The residence is considered an architectural Gold Coast landmark.
Mr Helprin said the sale price reflected the home’s stature and was indicative of buyer confidence at the top end of town.
“We’re seeing significant strength in the prestige market,” Mr Helprin said.
“Three of the last four recent transactions on the waterfront have been locals with cash.”
A grand Broadbeach Waters mansion at 327 Monaco Street sold for $5.7 million on July 11 while a vacant 1013 sqm lot with 26.4m of main river frontage at 85 Commodore Drive fetched $3.1 million in May.
Both sales were handled by Kollosche agents.
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