mermaid-beach-sml3Ray White Broadbeach agent Michael Kollosche has again hit the headlines, this time with the $18 million sale of a beachside mansion on the Gold Coast’s Mermaid Beach.

 The 1,395m2 property (pictured) with 32 metres of direct beach frontage was sold to Australian gaming king Bruce Mathieson, who has overseas a $1 billion pub and pokies empire with supermarket giant Woolworths.The six-bedroom, six bathroom, 10-garage prestige property was bought from former skateboard champion Stephen Hill, who paid $20 million dollars for the property in September 2006 and spent a further $10 million building the home.

Mr Kollosche, who sold the property for Mr Hill, said the Gold Coast market had dropped slightly because of the recession: “Prices have obviously dropped a little bit as they have everywhere, but people are starting to get on with it and transact,” he said.

Mr Kollosche, Ray White’s top international salesperson for 2008, has made a habit of targeting the exclusive properties that line Mermaid Beach with a series of high-profile sales next to his name.

Written by Ray White New Zealand

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