Pool builder selling insane block with $14.75m price tag

70-76 Knightsbridge Pde East, Sovereign Islands.

An Aussie pool builder is making a splash in the real estate market, selling four waterfront lots described as the “best block on the Gold Coast”.

Following a permanent move offshore, David Pain, who built his wealth manufacturing fibreglass swimming pools, listed his 3026sq m Sovereign Islands property with a $14.75m price tag.

It is not the first time he’s tried to sell the property on Knightsbridge Pde East, with three of the blocks going to auction in 2020.

70-76 Knightsbridge Pde East, Sovereign Islands.

70-76 Knightsbridge Pde East, Sovereign Islands.

Coastal agent Edin Kara is behind the latest marketing blitz and said it offered a rare chance for a buyer to secure a huge land holding with 112.6m of water frontage.

“This prime allotment is nestled at the end of arguably the Gold Coast’s most exclusive cul-de-sac, providing you with uninterrupted panoramic views of South Stradbroke Island, the iconic Gold Coast skyline, and the mesmerising parade of boats,” the listing states.

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70-76 Knightsbridge Pde East, Sovereign Islands.

“Imagine waking up to the golden glow of sunrise over the water and enjoying the vibrant city lights at night – this is the lifestyle that awaits you.

“To secure just one Broadwater block is remarkable; to acquire four is virtually unheard of. This is your chance to build the luxury estate of your dreams in one of Australia’s most prestigious waterfront enclaves.”

70-76 Knightsbridge Pde East, Sovereign Islands.

Property records show all four blocks were owned by Knightsbridge Holdings Pty Ltd, which is linked to David Pain, listed as Explore Industries global CEO.

It’s understood he moved offshore to expand his company’s operations in the US.

“The seller had a family house designed for him but they aren’t building it because they are remaining in America,” Mr Kara said.

70-76 Knightsbridge Pde East, Sovereign Islands.

Sovereign Islands has recorded a string of mega sales in recent months including 18 Knightsbridge Parade East, which this week settled for $9.5m, and 44 Knightsbridge Parade West, which sold for $8.5m earlier this year.

Another property known as the castle, at 55 Knightsbridge Parade West sold in a $14.5m deal last month.

The highest recorded sale on the Sovereign Islands is $20m, paid by Clive Palmer in 2021 for 7-13 King Arthurs Court.

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