Luxury Gold Coast penthouse sells in multimillion-dollar deal

first_imgMORE NEWS: Escape to the rainforest Now that’s a bar.“We had a lot of people interested in it … but there’s not that many with the capacity to purchase in that range.”Mr Longmore said it had been on the market for about a year before it was snapped up last month.The southern penthouse, which was once owned by former fugitive businessman Lux Daswani, changed hands for $3.795 million almost two years ago.A local buyer also bought that residence, which hit the market in November 2015.It was previously owned by brother and sister Peter Kyriakou and Athena Jordan, who inherited the property from their father, the late Paul Kyriakou.More from news02:37International architect Desmond Brooks selling luxury beach villa13 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoMORE NEWS: Turn a dream into reality Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 4:18Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -4:18 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels576p576p400p400p320p320p228p228pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenNovember 6: Prestige listings04:19 It’s all class inside. Imagine entertaining on your own rooftop terrace.center_img The penthouse’s rooftop pool.ONE of the penthouses topping Southport’s Rivage Royale tower has sold in a multimillion-dollar deal that eclipses the price its neighbour fetched almost two years ago.A local buyer snapped up the tri-level skyhome, known as the northern penthouse, which has panoramic views that capture Marina Mirage, the Broadwater, Main Beach and the Hinterland.Marketing agent Duncan Longmore, of Kollosche Prestige Agents, said it sold for less than its asking price of $5.25 million but much more than the southern penthouse.“It all happened pretty quickly (with the buyer),” he said. He bought the tri-level Rivage Royale home from receivers in 2001 for $1.42 million.Receivers and mortgagees moved in on Mr Daswani’s assets after he fled Australia in 2000.Mr Longmore said the penthouses’ floorplans were mirror images but their styles were very different.“(They are) the same size — about 850sq m with their own pools,” he said.“The northern one was beautifully renovated though.“The (southern) one needed a renovation whereas this one had had a beautiful renovation 10 years ago.” Every inch of the four-bedroom, six-bathroom apartment is grand, from the large chandelier in the living room to the intricate statues decorating the rooftop entertainment area.The master suite includes a sitting room, spa, walk-in wardrobe and balcony while the rooftop has an pool, sauna, spa and marble outdoor kitchen with Gaggenau barbecue.The residence also has an internal lift that services all three levels, a Bose surround sound system and Back-To-Base remote alarm with video monitoring.Mr Longmore said it was in a pocket of Southport that was becoming more popular as it was further developed.“That little pocket of Southport is getting better and better,” he said.“It’s a great spot for wealthy downsizers to be living.” According to latest CoreLogic data, the median sale price for a unit in Southport is $360,000.last_img read more