Sovereign Islands sales spotlight

There wasn't much prestige stock on offer at Australia’s largest annual property auction yesterday. Indeed the highest sale at The Event was when Ray White Marine sold a luxury 24-metre yacht for $3.1 million.

An expansive, elevated home at 4709 The Parkway, Sanctuary Cove (below) sold prior to auction for more than $2 million.

The Broadbeach in the Park penthouse was passed in at $4 million. Under the hammer the dearest house sale was $1.1 million.

But 59 Royal Albert Crescent, Sovereign Islands (top, above) goes to auction tonight, along with a view other trophy home listings on the Gold Coast.

It is a builder's own home with five extra-large ensuited bedrooms plus a grand master suite.

The four level home comes with 1235sqm living space on a large 751sqm block with a wide 27 metre waterfrontage with large pontoon.

There's a 12 seater home theatre, games room, study, billiard room and a kids' retreat.

There is a large 8-10 car circular basement.

A lift services all levels.

The advertising of the waterfront came with a boat on the pontoon and a Lamborghini parked out the front. But they're not included in the sale.