Nathan Tinkler Pullenvale estate finds buyer

The Pullenvale estate of the mining tycoon Nathan Tinkler has been sold by his receivers.

The former mining mogul's seven-bedroom Brisbane mansion fetched around $3 million, according to The Australian, down from its 2007 purchase price of $5.2 million.

The 421 Grandview Road, Pullenvale, estate had been on the market since mid-2013.

It failed to sell at recent auction, but is now under offer.

The coal baron Nathan Tinkler bought the property in 2007 for $5.2 million from Brad Sugars. 

It hit the market in May 2013.

The seven-bedroom, five-bathroom Pullenvale home is nestled in the hills 15 kilometres west of Brisbane.

It has a resort-style spa and pool with two waterslides and a poolside bar. 

There is a floodlit champion size tennis court and a private golf green at the front of the four hectare block.

There are also stables and paddocks for a number of horses.