An LA-style mega-mansion in Brisbane with a garage alone worth millions of dollars is tipped to smash the city’s house price record to smithereens when it officially hits the market on Monday.
Boasting “two of everything” and enough swagger to impress the Kardashians, the gargantuan one-hectare estate at 74 Bacton Road, Chandler, took years to build and could spell a new prestige property era for the Queensland capital with international buyers already preparing to pounce on the Beverly Hills-esque hideaway.
Could this set the new Brisbane house price record? Photo: Place Estate Agents New Farm
While the capital’s house price record is currently sitting at a cool $18 million – paid for a palatial clifftop home at 1 Leopold Street, Kangaroo Point in 2017 – the “next level” Chandler estate should have no problems claiming the crown with indoor and outdoor theatres, a games arcade and a diner just a few of its extravagant features.
“It’s reminiscent of an LA mansion – I’ve never seen anything like it – except in Dubai,” said selling agent Heath Williams of Place Estate Agents New Farm.
“It’s a great place to be during a lockdown.”
The home, which features 35 CCTV cameras, a wine cellar so extensive it could make a sommelier weep, pools and an eye-watering car collection, could just be grand enough to comfortably wait out an apocalypse.
“[The property] has been a bit of an evolution … in fact, it’s taken up to eight years to create, and I believe it was recently finished,” Mr Williams said.
THAT garage. Photo: Place Estate Agents New Farm
“It was a bit of a compound, and it’s kind of evolved to become everything [the vendors] like. Everything they ever wanted went into it – an arcade, you name it.
“What’s included [in the property] blew my mind away. It’s got two of everything, such as an indoor and an outdoor cinema, an indoor and an outdoor spa, a cardio gym and a weights gym and a separate guest house, which has two bedrooms and a kitchen.
“The tennis court is championship size and doubles as a basketball court … and it has city views.”
Relax by this pool. Photo: Place Estate Agents New Farm
Despite little being known about the gargantuan renovation of the Chandler mansion, records show the property last sold in July 2015, for $3.75 million in an off-market deal, with images revealing the home was still a lavish masterpiece at the time.
The sale is expected to thrust leafy Chandler – which sits just more than 16 kilometres outside the Brisbane CBD – onto Brisbane’s high-end hotlist with a growing host of high-end sales in the acreage pocket, further cementing its rise.
Room to entertain – or isolate. Photo: Place Estate Agents New Farm
Top recent transactions include a five-bedroom home at 576 London Road that sold for $4.6 million just two months ago and broke the suburb house price record.
While there’s no doubt 74 Bacton Road will quickly leave that record in the dust, Mr Williams said the city’s surging market had already made the entire region a magnet for prestige home hunters.
“Brisbane, with the way the economy is going and the health crisis, is now a desirable place to live … the prestige market has been going gangbusters we’ve had an uptick from the Olympics [to be staged in 2032],” Mr Williams said.
As to what kind of buyer he thinks will splash the major cash to land the city’s very own Hollywood palace, Mr Williams said the home would suit a large family or simply a buyer with a penchant for luxury cars.
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