Barry Plant and wife

PHOTO: Barry and Karen Plant. GOLD COAST BULLETIN

Barry Plant, a prominent figure in Victoria’s property industry, along with his wife Karen, has successfully sold their expansive Gold Coast mansion for $9 million. This sale comes after a reduction of $3 million from the initial asking price, following over a year on the market.

SPONSORED: All You Can Eat – Database Deal (limited)

The couple, renowned for establishing one of Australia’s largest real estate networks with 70 offices across Victoria and South Australia, constructed the remarkable American-style residence on the Sovereign Islands after acquiring the land for $1.5 million in 2014.

Originally listed in November 2022 with hopes of fetching around $12 million, the property eventually found a buyer after being re-listed with a different agent and adjusted expectations.

Facilitating the transaction was Ali Mian, an agent from Ray White Sovereign Islands, marking the highest residential sale of the week across southeast Queensland as reported by realestate.com.au.

Now that’s a rooftop!

Now that’s a rooftop!

A glass-edged pool and entertaining terraces with spectacular views for hosting parties of up to 100 guests

A glass-edged pool and entertaining terraces with spectacular views for hosting parties of up to 100 guests

Named “The Lighthouse” due to the glass pyramid atop, illuminating the Broadwater, this residence at 18 Knightsbridge Pde East earned the title of Master Builder’s Gold Coast Home of the Year upon its completion in 2017.

Spanning four levels, the mansion boasts basement parking for 12 cars and approximately 1,380 sqm of internal living space, comprising four bedrooms and nine bathrooms.

SPECIAL OFFER: Looking to advertise online but finding the ‘BIG BOYS” too expensive?

Featuring a distinctive black facade accented with white trim and touches of red, the property includes turrets and porthole-like windows. The top floor serves as an expansive entertainment area, with a rooftop pool, barbecue kitchen, and teppanyaki bar, capable of hosting over 100 guests while offering breathtaking views stretching to Surfers Paradise and the Hinterland.

Barry and Karen Plant with their two Samoyeds, Friday & Tiley at the Sovereign Islands home

Barry and Karen Plant with their two Samoyeds, Friday & Tiley at the Sovereign Islands home

The listing highlights the property’s premium location, affording unparalleled views with no neighboring structures in sight.

Property amenities encompass a luxurious Hamptons-inspired kitchen with marble countertops, an executive office, an opulent master suite complete with a walk-in dressing room, ensuite, and private balcony, as well as a wine cellar, gym, and elevator servicing all levels.

A striking facade

A striking facade

The Hamptons-inspired kitchen

The Hamptons-inspired kitchen

Mr. Plant embarked on his real estate journey at the age of 18 and, alongside his wife, established their eponymous business in the Melbourne suburb of Templestowe in 1979.

According to PropTrack data, house prices in Paradise Point, which includes the exclusive Sovereign Islands estate, have experienced an 8.7% decline over the past year, with a median price of $1.63 million.

The home is spread over four levels

The home is spread over four levels

Lavish living and dining spaces

Lavish living and dining spaces

SOURCE: NEWS.COM.AU