$45 million Sovereign Islands mansion looks to set sale record

$45 million Sovereign Islands mansion looks to set sale record
$45 million Sovereign Islands mansion looks to set sale record

A Gold Coast mega-mansion has been listed with record-breaking hopes for Queensland.

The Sovereign Islands home is being sold by civil engineer Riccardo Rizzi, with $45 million aspirations.

The Knightsbridge Parade East property was last sold in an unfinished state for $5.3 million at a mortgagee auction in 2013. 

 million Sovereign Islands mansion looks to set sale record

Some $21 million had been spent on the initial construction and consolidation of the four blocks.

Set on 4255 square metres, the finished home has six bedrooms and a 30-metre pool in a roman-inspired garden. 

Alex Phillis at Alex Phillis Paradise Point is marketing the home.

Queensland’s current record was set in 2008 when businessman Tony Smith sold an unfinished mansion on five beachfront blocks at Mermaid Beach for $27 million.

This article first appeared in The Weekend Australian.

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Sovereign Islands

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