Broadbeach penthouse price hiked up by $5 million

first_img3001 and 3002 / 14 George Ave, Broadbeach.A MELBOURNE businessman is attempting a flip of epic proportions, listing his Broadbeach penthouse for $5 million more than he paid for it just a year ago.Nail Grege snapped up the pad in the Ultra building for $6.25 million last July. He has relisted it, this time for an eye-watering $10.95 million.What a pool view. Photo: Kit WiseMatt Gates from Ray White Prestige Surfers Paradise is marketing the three-bedroom property which spans 938sq m and comes with its own art studio, gym, wet bar and 10m pool.According to Mr Gates the beachside penthouse has a mix of sophisticated spaces, stylish outdoor balconies and contemporary decor.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North6 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoSwanky and cosy.“A palette of lavish finishes, modern tones, bold intention and the ultimate decor create a striking architectural impression,” he said.“The majestic setting embraces 360 degree views of the entire Gold Coast.”Mr Grege sold his Hedges Ave mansion in 2016 for more than $11 million before purchasing the palatial penthouse.Pull up a stool and enjoy the view. Photo: Kit WiseThree years ago it was marketed at offers over $10 million before the price dropped to $7.99 million in 2015.It is one of five properties that could crack the $10 million mark on the Gold Coast this year if it does sell. Also on the market for a double-digit figure is pub prince Tony Burnett’s mansion at 22-24 Admiralty Drive for $10.95 million.Marble galore. Photo: Kit WiseFormer Cable Ski World owner and developer Otto Pfeiffer is still hoping to find a buyer for his Carrara mansion at 8-16 Riverbend Ave.He bought the kingsize home 20 years ago from the original builder and owner and has made a renewed push to sell it for $15 million.The library in the Ultra penthouse.Also on the market are two homes on the Sovereign Islands, 16-22 Parklane Terrace at $14.288 million and 3-7 Sir Lancelot Close for $13.5 million.last_img

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