Michael Kollosche lists Frank Picone's $15 million Mermaid Beach trophy home

Michael Kollosche lists Frank Picone's $15 million Mermaid Beach trophy home
Michael Kollosche lists Frank Picone's $15 million Mermaid Beach trophy home

Frank Picone, the apartment management industry veteran, has listed his Mermaid Beach trophy home.

It’s a spacious three storey beachfront villa on Hedges Avenue. It is the comeback listing of Michael Kollosche who has it on the books of his new agency at $15 million.

It last traded in 2009 for $13.25 million.

Title Tattle recalls in 2008 Picone set the year's top price for Queensland when his imposing Mermaid Beach house fetched $17.5 million through Michael Kollosche when it sold it to the landfill operator Maxwell Twigg.

The latest listing is 159 Hedges Avenue commissioned in 2007 by an Australian billionaire hotelier Bruce Mathieson who relocated to purchased Albatross Avenue buying from former skateboarding champion Stephen Hill, with Kollosche as agent, for $18 million in 2009.

"159 Hedges Avenue is simply one of Australia's most impressive luxury homes, located on a rare elevated 564 sqm allotment with an impressive street presence," the marketing says.

All levels are linked by marble slab stairs and an internal electric lift.

There is some 114 squares (1,057 sqm) of luxurious living hidden behind one-way mirror-glass windows for privacy and security. 

The Kollosche Prestige Agents website advises Michael Kollosche has sold over $1 billion in prestige property on the Gold Coast, most when he made a name for himself at Ray White. 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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Queensland

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