Sunland Group builder and developer Riaz Rezvanipour and his wife Mona have sold their waterfront family home they designed and built in Benowa.
The luxurious three-storey house at 128 Sir Bruce Small Blvd, which was marketed by Harcourts Coastal Prestige director of lifestyle property Katrina Walsh, sold for $3.9 million.
Mrs Rezvanipour is the daughter of Sunland Group’s founder, Soheil Abedian.
Property records show Mr Rezvanipour and his wife, Mona, paid $435,000 for their 882sq m lakefront lot in Benowa Waters 2003 and built the north-facing house the following year.
Ms Walsh said homes such as this were becoming increasingly rare as the Gold Coast property market struggled to keep up with the high demand for prestige properties.
“There is a distinct shortage of quality properties currently available on the Gold Coast, yet the demand from upgrading locals, returning expats and relocators remains strong,” says Ms Walsh.
“We are seeing more buyers eager to upgrade to larger family homes on big blocks, with waterfront properties still in high demand.
“The biggest challenge facing prestige buyers is lack of supply; properties like this on do not come available every day.”
The north-facing home which takes in views of Lake June was secured by a Helensvale family seeking to upgrade to a waterfront property with a tranquil setting close to prominent private schools.
The house has four bedrooms, all with ensuites, and a lavish master bedroom with a private balcony overlooking the lake.
The home’s statement entry opens onto 6m-high ceilings with feature pendant lighting and a custom-made steel and blackbutt staircase.
The kitchen has a backlit 3.4m Calcutta marble island bench, while the private dining room and waterfront terrace overlooking the 17m pool and spa provide further options for entertaining.
There’s also a spacious top-level family room, a basement billiard room with outdoor access which is ideal as a teenager’s retreat, and a soundproof home theatre with Bose surround sound system and projector.
Ms Walsh said there was constant activity and interest in the Benowa home with a mix of interstate and local buyers vying for the property.
“There is certainly no shortage of keen buyers active in the market, however, we are finding it is taking noticeably longer to get the ultimate, premium price for Gold Coast properties and our aim is always to get the premium result for sellers,” she said.
“We are operating in a new market, and we are noticing it does take time to find the right buyer and to get the premium price which calls for trust and patience from our sellers which is ultimately rewarded with a great result.”