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$9m for Monaco St Mega Mansion

MONACO St in Broadbeach  Waters is back on top following several multimillion dollar sales. The tightly-held street has some of the largest residences on the Gold Coast and is home to a swag of rich listers, corporate high-flyers and celebrities. The latest sale is a mega mansion at No. 75-77, which sold for $9 million.

Mermaid Beach couple Glenn and Victoria Hargraves, part owners of directory and online search company Local Search, bought the property and plan to make the move from the beach. The pair said the home sparked their interest with its architecture, northerly aspect, skyline views and land size. “We have outgrown our existing Mermaid Beach residence and always had plans to settle on the river, with Monaco St our first choice,” Mr Hargraves said. The 987sq m home is built on a 2337sq m block with 28m of river frontage. Designed by architect Bayden Goddard, the fivebedroom residence has a dramatic entry on to a  road marble catwalk surrounded by tiled reflection pools leading to a glass foyer. The vendor was former BRW rich-lister James Rice, boss of South Australian property development company Urban Construct. Mr Rice, the developer of Carrara’s Emerald Lakes, now lives in New Farm with his wife and two children. Kollosche Prestige Agents principals Michael Kollosche and Jordan Williams.


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