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An exclusive clifftop mansion at Kangaroo Point has smashed the Brisbane residential property record, selling after only five weeks for a whopping $18.48 million.
The sale of 1 Leopard Street, Kangaroo Point, eclipses the previously held Brisbane record of $14 million, when Australia’s richest person Gina Rinehart bought a home in Aaron Avenue, Hawthorne, in late 2014.
It’s a staggering result for marketing agent Matt Lancashire, principal of Ray White New Farm, who billed it as “Brisbane’s most exclusive home” when he put it to market last year in October.
While Mr Lancashire wouldn’t comment on the sale out of respect to the privacy of the buyers and sellers, he told Domain last year it was the “Brisbane property offering of the century”.
Perched on the precipice of Kangaroo Point cliffs, the views from 1 Leopard Street are arguably the most spectacular in all of Brisbane.
There was never a set asking price for the five-bedroom residence, which features an internal lift, gym, steam room and climate-controlled wine cellar.
With 1500 square metres of living space, the house itself is jaw-dropping in every sense and, as Lancashire explained, absolutely unique.
“You have to see it to truly understand it. There is nothing – and has never been anything else – to compare it to,” he says.
With 71.7 metres of uninterrupted direct city and river view frontage, the architect-designed three-level house is nestled in among some of Brisbane’s most recognisable heritage homes and is a prominent landmark from many parts of the CBD, the river, Captain Cook bridge and the Pacific Motorway.
Brisbane’s prestige property market has had a scintillating start to the year, with Mr Lancashire alone selling a staggering $61 million in the past 90 days, all of which were homes over $5 million.
“Towards the end of 2016 we saw a definitely positive shift in the high end luxury market, with a record number of $5m plus homes transacting,” Mr Lancashire says.
Among those includes the sale of an iconic riverfront site at New Farm, which sold for a $17.35 million just days out from Christmas.
Fronting the Brisbane River on Oxlade Drive with views across the water to the CBD, the four separate 597 square metre vacant lots totalling 2388 square metres is understood to have been purchased by three of the grandchildren of Queensland rich-lister Kevin Seymour.
Queensland’s all-time record price, set in 2008 when businessman Tony Smith sold five beachfront blocks of adjoining Gold Coast land, unfinished mansion included, is $27 million.