Sovereign Islands home sells for $3.1 million

Of the 205 Ray White Group auctions that took place last weekend, the biggest attraction was a Sovereign Islands trophy home.

Roughly 30 people gathered outside 15 Westminster Court where two active bidders fought it out.

A local couple, one of the four total registered bidders, managed to secure the property at $3.1 million.

Ray White Sovereign Island agent Edin Kara said there was a real buzz around the prestige property with plenty of activity during the four-week long campaign.

“The home hadn’t been on the market for eight years and in that time, there wasn’t much work done on it, so they’ll be looking to renovate to turn this house in to pure luxury."

“The local couple have snapped up arguably the best buy on Sovereign Islands,” she concluded.
 
Set on 730 sqm the home has 30 m of water frontage.

Comprised of four levels, the six bedroom five bathroom property features, an executive study, a pool, a gym, a wine cellar and comes with a pontoon suitable for a large boat.

The property has views over the Broadwater, hinterland and Coomera River.

Last sold in 2011 the home traded at $2.559 million.