Brisbane’s own ‘Gucci’ mansion sold for $12.5m

Brisbane's own

Brisbane’s own “Gucci mansion” has sold for $12.5m

A stunning Brisbane waterfront home so decadent it became known as ‘the Gucci mansion’ has sold for $12.5m, a price that’s $1.5m more than what was offered at auction two weeks ago.

A Queensland buyer from Noosa searching for a lifestyle change is the new owner of the stunning mansion.

Place Kangaroo Point agent Micheal Bacon confirmed the luxurious property at 29 Laidlaw Parade, East Brisbane, sold after a massive campaign that saw it get 1.88 million views online.

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Renowned designer Greg Natale had full control of the interiors.

No expense was spared in getting the design right.

The riverfront sanctuary has mesmerising city views across the river.

The five bedroom, six bathroom, four car garage home was crafted by renowned interior designer Greg Natale and built by Corey Stone from CHS Building.

It saw 98 buyers come through during inspections, off 187 enquiries.

At auction two weeks ago, the home had seen seven registered bidders, with six bids cast to $11m in front of a crowd of 186 people.

The owners rejected that price, putting the property up for private treaty negotiations instead, and were rewarded with an offer they were happy with two weeks later.

Built for entertaining.

Breakout spaces everywhere with a designer feel.

Multiple zones to live and breathe.

Mr Bacon said the sale came after 88 days on the market which was pretty good.

“The average days for homes in Brisbane over $10m being 386 days,” he said.

Most of the interest in the property came off the local market, he said, meaning buyers out of Brisbane, the Gold Coast, Noosa, and the Sunshine Coast.

“I have a plenty of very high net worth individuals looking to buy. The campaign there was a majority of local buyers, not as many interstate buyers or overseas,” he said.

“It is good to see local people having confidence in our market and economy.”

The home has five very uniquely designed bedrooms.

Among its features is a fully equipped home theatre.

He said honesty and transparency was key to meeting the needs of buyers at that pricepoint.

”It’s a world renowned house now,” he said of “the Gucci house”.

The mansion sits on a 597sq m block with the home spanning 903sq m spread across three levels facing the Brisbane river. It has a stunning entertainment space and pool, fully-equipped home theatre, lift, gym, sauna, steam room, ice-bath room, library, study and space for a wine cellar.

This is what a $12.5m view looks like.

No expense was spared kitting the home out with three-metre-high vaulted ceilings, Venetian glass tapware, concrete-formed curved staircases, brass archways, custom paonazetto marble fireplace and a kitchen with breakfast bar, butler’s pantry and Gaggenau appliances.

The property also has a marina berth for a 15-metre vessel.


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