The Gold Coast trophy home Bartinon sells to Chinese buyer
Bartinon, the seven-bedroom waterside mansion in Sorrento on the Gold Coast has finally sold. It has been bought by a Chinese buyer for $7.22 million.
The sale of the mansion, located at 26 Marseille Ct, Bundall, fell short of its 2009 price when the Melbourne transport tycoon Doug Kefford paid $8 million.
It sold earlier this year, settling last month to buyers, Guanghan Chen and Yi Zhao of Tallai.
Bartinon sold through Lucy Cole, having been on and off the market since the highest bid of $7.25 million offered at 2011 auction.
Transport tycoon Douglas Kefford bought it from Cameron Davis, from the Samtay Group, and his wife, Lynette..
The seven-bedroom early 1980s home was built by tycoon Sir Justin Hickey and his wife, Lady (Barbara) Hickey.
The name of the one-hectare Riviera estate incorporates the initials of their five children.
Hickey, the Marrickville-born insurance magnate who started his career cutting lawns, moved to the 250-squares house in the early 1980s after selling his Emerstan Drive, Castle Cove, house to businessman Phil Cave.
With 85 metres of frontage, it is one of the largest residential blocks on the Nerang River on the coast.
Davis paid $6,665,000 in 2006 to buy it from former Fraser Island tourism operators Sidney Melksham and Angela Burger.
The 6,500-square-metre riverfront Sorrento property previously sold for $4.25 million in 2001 when offloaded by Indonesian industrialist Alimin Soenario.
Soenario had set a $3,125,000 record in 1994 when he bought it on its then 9,000 square metres.
Kefford spent only four or five weeks a year at the house on Marseille Court.
Lucy Cole, of Lucy Cole Prestige Properties suggests it was one of the most significant sales of the past five years.
Bartinon has an illustrious history having been visited by the likes of Frank Sinatra, the Rolling Stones, the King of Tonga, the Sultan of Brunei, Whitney Houston and Dr Henry Kissinger.
