Buyers are splashing the cash in southeast Qld with a huge riverfront mansion trading for 10.5m.
It is the third property in the state to sell for more than $10m this month.
The latest sale is a five-bedroom stunner in Broadbeach Waters on the Gold Coast.
The 2130sq m property at 127 Monaco St sold off-market through Jay Helprin of Ray White Prestige.
“The demand for homes in Broadbeach Waters, especially along Monaco St, is still at an all time high,” Mr Helprin said.
“Large transactions like this really solidify the depth in the market and it instils both buyer and seller confidence to transact.
“People are still out there willing to pay a premium to secure the right sort of home.”
The Monaco St property includes almost 90m of river frontage with views towards the Surfers Paradise and Broadbeach skylines.
The recently renovated house offers expansive indoor-outdoor living areas across two levels and includes a 19m lagoon alongside two Balinese-inspired pavilions.
A double-storey ceiling with chandelier crowns the formal lounge, while extensive floor to ceiling windows frame the tropical gardens and river vistas.
“What makes this home unique is it has the largest river frontage on Monaco St being almost 90m,” he said.
“Because of this, it benefits from an amazing gun barrel view over the resort-style pool down the river to the Surfers Paradise skyline.”
Property records reveal the vendor paid $4.6m for the property in 2017.
A mansion at 249-255 Monaco St holds the record for most expensive sale in Broadbeach Waters — it sold in December, 2023 for $15.2m.
No. 127 is the second property on the Gold Coast this month to trade for more than $10 million after a beachfront mansion in Tugun sold for $10.05m last week.
A Noosa Heads property also traded for $16.5m earlier this month.