Beef baron’s Gatsby-esque mansion to go under the hammer

277-279 Monaco St, Broadbeach Waters

A glamorous riverfront estate built for one of Queensland’s richest families is going under the hammer.

Sprawled over a double block in a prestigious Gold Coast enclave, the Gatsby-esque property was formerly owned by late pastoralist Neil Statham.

Mr Statham founded Sundown Pastoral Co in 1964, operating a large-scale cattle enterprise before the family switched focus to the cotton industry.

The Stathams made a fortune supplying beef to Woolworths and other big companies and sold their northern NSW cattle station to Gina Rinehart in 2018.

It occupies a peaceful position with more than 30m of frontage to Main River

Property records show Mr Statham acquired the 2,800 sqm parcel at 277-279 Monaco St, Broadbeach Waters in 1998, with Bayden Goddard engaged to design a grand home embodying timeless Australian architecture with a distinctly American twist.

Occupying the fourth-largest landholding on blue-chip Monaco St, the home is marketed by Kollosche agents Nicky and Jason Cunningham with Jennifer Yan, and goes to auction on October 10.

The home has seven bedrooms and seven bathrooms

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Property features include seven bedrooms and seven bathrooms across a 1,160 sqm floorplan, with multiple living zones including a formal lounge with open fireplace and temperate-controlled wine cellar, along with a showstopping kitchen with Calacatta marble benches, cool room and butler’s pantry.

Outside is like a resort, with the pool and spa flanked by entertaining pavilions, a floodlit tennis court, and a newly constructed boardwalk and pontoon.

French doors frame the views

It was designed by Bayden Goddard and formerly owned by the Staham family

The luxurious kitchen has marble-topped island benches

The home was one of the last luxury constructions by Denis Ritchie and showcases details including coffered ceilings with recessed VJ panelling and porthole-style windows framing city, park or river views.

Ms Cunningham said the property had undergone a recent facelift before coming to market.

It last changed hands for $6.1m in 2014, held since by overseas-based owners who only occasionally stayed at their Gold Coast residence.

“This is more than a home — it is a true estate,” Ms Cunningham said.

“To me, it has an almost parliamentary feel to it, like the White House meets the Gold Coast.”

The floodlit tennis court

She said estimates of the cost to build a new property of the same grand scale came in at about $10,000 per square metre

“It is a one-of-a-kind estate that cannot be replicated in today’s market.”

House prices in Broadbeach Waters were up close to 20 per cent over the past 12 months to a median of $2,467,500, according to PropTrack data.

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