Former AFL player bought an apartment building and turned it into Queensland’s most expensive mansion
Former AFL star bought this block of shabby flats and turned it into Queensland’s most expensive mansion with high ceilings, a spectacular guest wing, home cinema and steam room
- 53-year-old Tony Smith and wife Simone bought the 17-unit building for $ 12 million and turned it into a mansion
- The former Sydney Swans player sold the mansion for $ 25 million to a businessman in Toorak, Melbourne
- The house has a 40m beach and is located a few doors down from a property owned by Clive Palmer
A former AFL player has turned a derelict block of brown flats into a $ 25 million mansion.
53-year-old Tony Smith and wife Simone purchased the derelict 17-unit building at Heron Avenue 2 on Mermaid Beach on the Gold Coast in 2014 for $ 12 million.
In the six years that followed, the star of the Sydney Swans property developer turned the 2,112 m2 plot into one of Queensland’s most expensive mansions.
The property boasts a beautiful 40m beach, four en-suite bedrooms, a cinema, spa, steam rooms, a self contained granny flat and a north facing pool with a built-in trampoline.
Sydney Swans star turned real estate developer transforming the 2,112 m2 / m2 plot into one of Queensland’s most expensive mansions
53-year-old Tony Smith and wife Simone bought the derelict 17-unit building at Heron Avenue 2 on Mermaid Beach on the Gold Coast for $ 12 million in 2014
They turned it into a beachfront mansion with four bedrooms, a pool, a spa, a movie theater, a self contained granny flat and a pool with a built-in trampoline
Harry Kakavas, the sales broker at Prestige Property Sales, told Daily Mail Australia that the property was sold earlier this month to a businessman from the posh Melbourne suburb of Toorak.
He plans to use the mansion, a few doors down from a billionaire Clive Palmer property, as a vacation home.
The $ 25 million price tag matched the record set in 2016 when the former boss of fashion label Billabong sold his mansion on Albatross Avenue in the same suburb.
Mr. Kakavas said the sale of Heron Avenue was an expected victory during the COVID-19 pandemic.
The property was sold earlier this month to a businessman from the chic suburb of Toorak in Melbourne
The sales broker said the property is one of the five best homes on the Gold Coast and that sales were unexpected during the COVID-19 pandemic
“With COVID, more people are looking for a vacation home, because fewer people will be inclined to travel during these times, even if they can,” said Mr. Kakavas Domain.
As a result, there will be a demand for ‘lifestyle properties’ – houses that look and feel like holiday retreats.
“This property is definitely one of the five best homes on the Gold Coast … and it’s extremely rare to have a 40-foot northeast beach on the beach,” he said.
‘I mean the enormous width of the building alone [makes it one of a kind], but living on the beach is usually so close to your neighbors that you can hear them change their mind. ‘
Mr Kakavas said that most buyers looking at coastal properties come from the interstate.
Tony Smith is a former Sydney Swans player who retired in 1988. He is now a successful property developer living in Queensland