THE boss of a successful woodwork machinery business has emerged as the buyer of Coorparoo’s most expensive home.
Property records show Wood Tech Group managing director Ron Smyth paid $6.3m for a historic home at 59 Buena Vista Avenue — a new sale price record for the suburb.
The Spanish-inspired, Californian bungalow known as ‘The Gables’ was originally built in the late 1930s and sits on a huge 1942 sqm block with city views.
It was offered to the market earlier this year for the first time since 1968 after a marketing campaign by Sarah Hackett and Heath Williams of Place – New Farm.
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Former owner Louise Kelly told The Courier-Mail the property belonged to her late parents, George and Lee Spencer, who fell in love with the street and the home in 1968.
Over the years, it was renovated, reconfigured and steadily grew to become a four-bedroom, three bathroom residence that accommodated family life while still retaining its character.
A pool was installed, the garden was landscaped, a rumpus room and multiple entertaining areas were created, and the house was extended to take in sweeping city views at the rear.
The home would later become a haven for a new generation of children, who spent countless hours in the garden, playing in the pool and exploring the property’s old-world charm.
Other features include a 32m frontage, city views, casement windows, decorative cornices, and vintage light fittings.
Wood Tech Group is Australia’s second largest distributor of commercial woodworking and stone processing equipment.
The Brisbane-based company recently moved to new headquarters at Hemmant.
The previous record home sale in Coorparoo was set in 2016 when a house in the same street at 103 Buena Vista Ave sold for $4.5m.
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