The Palazzo Versace was filled with satisfaction and an upbeat atmosphere. Three of the finest homes at the Gold Coast in Australia were sold for a total of approximately $10 million. Ray White Surfers Paradise Group organized the event and was pleased with an increased number of bids compared to the same event a year ago. CEO Andrew Bell explained that selling high-end homes in Australia is not as easy as selling regular homes on the real estate market as the pool of potential buyers is very restricted and elite. In addition the size of the property only led to a “very specific market of potential buyers.”
A Paradise Waters couple is one of the new homeowners from this limited pool. It purchased the estate in Admiralty Drive featuring a rooftop entertainment area, a five-car garage, a pontoon and boathouse storeroom, for $4.8 million. The next two buyers closed the deal on the Palm Meadows mansion for $2.6 million and on the Circle on Cavill penthouse for $2.6 million. The couple from Sydney only looked once at the mansion before deciding to purchase the home with lots of entertainment areas, such as a conference area, two media rooms, and five bedrooms with six bathrooms.
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