Take a tip: You do not win on every race as bookie Mark Read secures Cooroy Mountain sale
Melbourne bookmaker Mark Read and wife Shari have secured $3.3 million for their Sunshine Coast acreage retreat at Cooroy Mountain.
Read, who’s been involved in the sports betting industry for about four decades, once run his business out of the property which was for sale on and off for three years.
It was last listed at $3.7 million.
The 11-year-old, double-story Queenslander homestead has 1,340 square metres of space across 16 rooms.
The 44-hectare cattle stud property, known as Beauty Falls, sits in the foothills of Cooroy Mountain in the Noosa hinterland.
Horse lovers will be attracted by its Olympic dressage arena, 18 seven-metre stables with four full-size horse boxes, separate tack room, wash bay and a 75-square-metre holding yard and water.
With 15 paddocks and a three-bedroom cottage, the farm improvements include a set of 125-head steel yards, loading ramp, veterinary handling crush, calf cradle and floodlights.
There were $7 million-plus hopes on its initial 2009 listing, which were reduced to $4,875,000.
“I cannot expect even replacement cost in the current market, but in my game you do not win on every race," Read said at the time.
