Sydney buyer’s hushed riverfront cash splash

211-213 Monaco St, Broadbeach Waters

An interstate buyer has splashed $10.3m on a riverfront mansion set over a prized half-acre parcel in one of the Gold Coast’s most exclusive locations.

The Sydney-based buyer was eyeing Main River properties, and was eager to secure the home at 211-213 Monaco Street, Broadbeach Waters, before it hit the market.

The deal was handled by Ray White Prestige agent, Jay Helprin, with the buyer represented by Luke Serhan, of Cohen Handler Gold Coast.

The house was sold in an off-market deal

Large riverfront blocks are tightly held

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Mr Serhan said the buyer, whose identity was not disclosed, was a medical professional relocating to the Gold Coast to be closer to family.

“My client was moving from harbour views in Sydney and really wanted their piece of Main River real estate.”

Set on a 2,076 sqm parcel between the river and parkland, the 2018-built property

features a hotel-style pool with expansive waterfront views.

The house has five bedrooms and five bathrooms, with luxurious indoor and outdoor entertaining spaces, a home cinema, office and spiral staircase.

Buyers agent Luke Serhan, of Cohen Handler, secured the Broadbeach Waters mansion for a Sydney client

Features included stonework and manicured lawns, parquetry floors, and a formal dining area with a fireplace, bar, and wine cellar.

The tightly held Monaco Street Main River precinct continues to outperform thanks to its exclusive positioning and significant land holdings, with off-market transactions becoming a

dominant force in the luxury space.

“Off-market deals account for nearly 40 per cent of high-end property transactions across the Gold Coast, as more prestige owners opt for discretion,” Mr Serhan said.

“With rising build costs reaching up to $12,000 per square metre in the prestige sector, the opportunity to secure a 2018-built home of this calibre — over 1,000sqm under roof, on a rare half-acre block with suspended slab construction — not only offers exclusivity but represents exceptional long-term value.”

A spiral staircase makes a dramatic feature inside

The home was built in 2018

Mr Helprin described the property as a “grand-scale family estate”, and said the sellers did not have their house listed for sale but received an offer too good to pass up.

“Monaco is considered one of the most prestigious and desirable streets on the Gold Coast,” he said.

“I’ve known the sellers for a while, and I approached them because I knew there was someone looking to buy on the street.

“Opportunities are few and far between for high-end homes like this, and the buyers knew if they found a house they loved they had to act on it.”

The sellers had bought the land for $2.5m in 2012.

PropTrack data shows house prices in Broadbeach Waters were up 15.3 per cent over the past year, to a median of $2.35m.

Expansive indoor and outdoor living spaces

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