Just days after failing to gain a Senate seat in the Federal Election, two luxury mansions in Clive Palmer’s family real estate portfolio have hit the market for sale.
Two waterfront houses that form part of the Palmer family’s portfolio – and located three minutes apart from each other on the Gold Coast – were listed for sale three days after Australia went to the polls, according to property records.
The houses, which are currently listed in son Michael Palmer’s name, are a fraction of the richlist family’s property footprint but still worth multi-millions in the hottest market on record for the Gold Coast.
The homes came on the market last week. Both are located at Sovereign Islands, in prime position on the water, and have been listed on realestate.com.au by agent Chris Moyer of Professionals Vertullo Real Estate.
Records show the Palmers as having bought the King Arthurs Court home for $1.4m in April 2009 when it was a four bedroom, three bathroom, two car space house. It is now a five bedroom home on a large 845sq m waterfront block at King Arthurs Court.
Given its prestigious address and connection to the water, Mr Moyer described the house as having “huge potential, there’s so much to love about this warm and welcoming home”.
“Enjoying long water vistas across the wet edge pool and anchored just off the Broadwater, the well-conceived floorplan provides the opportunity to modernise this property to the standard of surrounding homes.”
It also has a wet edge pool, protected pontoon, large waterside boat shed, separate media room, separate formal and informal living zones, and a large kitchen.
The second home – bought for $1.3m in 2012 – is on King Charles Drive with four bedrooms on a waterfront 700sq m block.
“Boasting multiple living and entertainment areas, a large alfresco terrace, gourmet kitchen, four bedrooms, canal-side pool and a sheltered water frontage, this is truly a great family home.”
Both homes have bridge free Broadwater and ocean access.
The Paradise Point area has seen median prices just 35.5 per cent in the last five years, with home selling in 33 days and median rent sitting on $775 per week.
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