Gold Coast Titans director Darryl Kelly buys on Admiralty Drive

Gold Coast Titans director Darryl Kelly and wife Joanne have traded up on Admiralty Drive in Surfers Paradise.

They've spent $7.7 million on a four level home (above), just along from their redundant home which remains on the market. 

Set on a 678 sqm riverfront parcel, the five bedroom home was caught up in the GFC flattening that hit the Gold Coast hard.

It notched up only a $700,000 gain in 10 years since its $7 million trade in 2007.

Two years earlier it had traded for $5.57 million, a growth of nearly $1.5 million in two years.

Michael Kollosche at Kollosche Prestige Agents sold the home.

Kollosche and Jordan Williams have the listing of the Kelly's now redundant four bedroom home 600 metres away.

They were asking $5.25 million upon its February listing, however the home with solar heated pool now comes with $4.95 million hopes.

A bridge over the living room links the king-sized master and guest suites, each complete with their own private waterfront balconies.

This article first appeared in The Weekend Australians Mansions Australia section.