Queensland billionaire Clive Palmer has pocketed a $200,000 discount snapping up a beachfront RSL prize home off one of last year’s winners.
Mr Palmer added to his extensive property portfolio by snapping up the mansion in Palm Beach at 165 Jefferson Lane for $3.9 million.
The owner of the RSL Art Union prize home draw 369 had won it on October 9 last year when it had an estimated value of $4.1m.
The sale went through at the start of the month, before the property could go under the hammer.
The stunning four-bedroom house features light timbers, a cool colour palette and a spacious open plan design which capitalises on the ocean vista.
A private jacuzzi deck adds a touch of luxury off the bedroom while the rooftop terrace is kitted out with a barbecue, kitchenette and powder room.
The investment adds to Mr Palmer’s impressive residential property portfolio which includes a $12 million beachfront home at Mermaid Beach and a $7.5 million riverfront residence in Fig Tree Pocket, Brisbane.
The purchase comes amid a string of speedy sales across the Gold Coast this week as a shortage of sales listings creates strong competition among buyers.
A renovated house on a dry block in Mermaid Waters sold for $1.39 million within six days while a Hamptons-style home in Hope Island was snapped up for $2.51 million within a week of being launched.
On Monday, a 1960s beach cottage at 265 Jefferson Lane sold for $3.125 million — 24 hours after being listed for sale.