A SOVEREIGN Islands mega mansion has sold for $6.6 million, the highest sale on the exclusive island enclave this year.
A Gold Coast buyer splashed the cash, drawn to the 1682 sqm property at 91-93 The Sovereign Mile.
91-93 The Sovereign Mile, Sovereign Islands.
91-93 The Sovereign Mile, Sovereign Islands.
The house features several entertaining and living areas across four levels as well as a cinema, gym, resort-style pool and pontoon.
Isaac Kim and Ivy Wu of Ivy Realty Paradise Point handled the mega sale and said it would provide a boost of confidence to the property market.
“We had a lot of interest in this property during COVID-19,” Mr Kim said.
91-93 The Sovereign Mile, Sovereign Islands.
91-93 The Sovereign Mile, Sovereign Islands.
“It’s very good news for everyone who lives on the island.
“There is a pool of buyers ready to buy here but not enough stock.”
CoreLogic records show the property first hit the market 12 months ago with an $8.95 million price tag.
It follow the $5.5 million sale of 1-3 Knightsbridge Pde East through Ray White Sovereign Islands earlier this month.
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