Port Lincoln fisherman Sam Sarin sells at Mermaid Beach

Port Lincoln fisherman Sam Sarin, who runs Australian Fishing Enterprises, has sold his Mermaid Beach holiday home for $5,625,000.

It has been bought by the Melbourne based Morrissy family. It is only the third sale over $5 million on Mermaid Beach this year.

The other two were a knock down rebuild and a land parcel.

The opulent four bedroom home on the exclusive Hedges Avenue cost Sarin $3.2 million in 2001.

A lift links all three levels of the home, from the basement theatre room with bar to the rooftop entertaining area, also with bar and barbecue kitchen.

The main living areas open to the swimming pool and a beachfront lounge features an open fireplace and integrated media centre.

Kollosche Prestige agent Michael Kollosche sold the home having also sought to sell it in 2008 at $8.9 million.

This article was first published in The Weekend Australian property section.