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‘House of the Year' with swim-up bar, golf simulator snapped up for cool $14m
‘House of the Year' with swim-up bar, golf simulator snapped up for cool $14m

Sydney Morning Herald

time19-05-2025

  • Business
  • Sydney Morning Herald

‘House of the Year' with swim-up bar, golf simulator snapped up for cool $14m

A Gold Coast trophy home with its own golf simulator, inbuilt trampoline and swim-up cocktail bar has smashed the Mermaid Waters house price record, after a local buyer – who first saw the house 24 hours earlier – dropped $14,005,000 under the hammer. The unnamed buyer outmuscled eight registered bidders, five of whom were active, and paid about $1 million over the reserve. The previous house price record for Mermaid Waters was $7.7 million. Set on a 1113-square-metre block at 24 Winch Court, the five-bedroom, four-bathroom residence was crowned National Contract Home and Gold Coast House of the Year in 2024. Spanning four levels and boasting 46 metres of lake frontage, it features a resort-style pool with built-in day beds, a five-car basement garage and a hydraulic lift. Bidding opened at $6.5 million and surged to $9 million in million-dollar jumps before slowing to $500,000 increments. It paused at $12 million and was called on the market at $13 million – about the reserve – before reaching its final price after 48 bids. 'The buyer only saw it 24 hours before the auction as he had been travelling but he just fell in love with it. He not only appreciated the quality but also what Mermaid Waters has become,' said co-selling agent Jamie Harrison, of Kollosche. According to Domain's latest House Price Report, the median house price in the suburb rose 7.6 per cent to $1.7 million over the past year, and a staggering 105.1 per cent over the past five years. There were 124 scheduled auctions in south-east Queensland over the past week. By Saturday evening, Domain Group recorded a preliminary auction clearance rate of 43 per cent from 89 reported results, while 19 auctions were withdrawn.

‘House of the Year' with swim-up bar, golf simulator snapped up for cool $14m
‘House of the Year' with swim-up bar, golf simulator snapped up for cool $14m

The Age

time19-05-2025

  • Business
  • The Age

‘House of the Year' with swim-up bar, golf simulator snapped up for cool $14m

A Gold Coast trophy home with its own golf simulator, inbuilt trampoline and swim-up cocktail bar has smashed the Mermaid Waters house price record, after a local buyer – who first saw the house 24 hours earlier – dropped $14,005,000 under the hammer. The unnamed buyer outmuscled eight registered bidders, five of whom were active, and paid about $1 million over the reserve. The previous house price record for Mermaid Waters was $7.7 million. Set on a 1113-square-metre block at 24 Winch Court, the five-bedroom, four-bathroom residence was crowned National Contract Home and Gold Coast House of the Year in 2024. Spanning four levels and boasting 46 metres of lake frontage, it features a resort-style pool with built-in day beds, a five-car basement garage and a hydraulic lift. Bidding opened at $6.5 million and surged to $9 million in million-dollar jumps before slowing to $500,000 increments. It paused at $12 million and was called on the market at $13 million – about the reserve – before reaching its final price after 48 bids. 'The buyer only saw it 24 hours before the auction as he had been travelling but he just fell in love with it. He not only appreciated the quality but also what Mermaid Waters has become,' said co-selling agent Jamie Harrison, of Kollosche. According to Domain's latest House Price Report, the median house price in the suburb rose 7.6 per cent to $1.7 million over the past year, and a staggering 105.1 per cent over the past five years. There were 124 scheduled auctions in south-east Queensland over the past week. By Saturday evening, Domain Group recorded a preliminary auction clearance rate of 43 per cent from 89 reported results, while 19 auctions were withdrawn.

Builder's waterfront marvel named Aus hottest property of the week
Builder's waterfront marvel named Aus hottest property of the week

News.com.au

time23-04-2025

  • Business
  • News.com.au

Builder's waterfront marvel named Aus hottest property of the week

A showstopping Gold Coast home that swept national building awards has sparked an online frenzy, attracting more views online than any other property for sale in Australia. The waterfront mansion at 24 Winch Court, Mermaid Waters was the hottest home of the week listed on It is marketed by Kollosche agents, Jamie Harrison and Michael Kollosche, and goes to auction on May 16. Named PALA, the landmark residence by Havendeen Projects has received multiple accolades, including the National Residential Master Builder of the Year, National Contract Home, and Gold Coast House of the Year. Owners Rob and Tui McKinnon, directors of Havendeen Projects, originally built PALA as their family home before pivoting to take on another opportunity. 'We designed PALA to be a forever home, but life evolves, and opportunities present themselves,' Mr McKinnon said. 'What we've created here is more than just a house — it's a showcase of everything we stand for as builders.' Completed in mid-2023 after an 18-month build, the home occupies a north-east point position on the widest body of water in the suburb, with 46 metres of frontage to Lake Wonderland and uninterrupted skyline views. The four-level home features a five-car basement garage, golf simulator, steam room, wine cellar and cocktail bar, along with multiple living zones and a rooftop entertaining space. Unfolding behind a curved facade, the floorplan is anchored by a dark stone kitchen bench beneath a 12m void, while matte black finishes combine with raw textures of concrete, steel and glass to create a sophisticated ambience. 'Buy the ocean': Insane Aussie home sale revealed Thousands of Qld empty nesters won't budge The al fresco zone rivals a six-star resort with its heated 12m pool, swim-up cocktail bar, day beds and water fountain plus fire pit lounge. There's also a private pontoon with jet ski dock, while other features include a hydraulic elevator and full home automation. House prices in Mermaid Waters were up 2.4 per cent over the past 12 months, to a median of $1.8m.

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