Kanebridge Property of the Week | $47.5 million Mermaid Beach estate takes aim at Queensland record
3 min
With 30 metres of beach frontage, two pools and a 12-car garage, the Hedges Avenue estate is asking $7.5 million more than Queensland’s standing house price record.
A six-bedroom beachfront estate on Mermaid Beach’s Hedges Avenue has come to market for $47.5 million, putting Queensland’s house price record in reach less than three months after it was reset in Noosa.
Michael Kollosche and Matthew Follent are marketing the four-level residence at 79–83 Hedges Avenue. It occupies a 1,212-square-metre corner block spanning three allotments, with about 30 metres of direct beach frontage.
The beach is visible from the moment you enter. Two storeys of glass frame the surf beyond the sunken formal dining room, bringing the view deep into the house. Dark granite and black fossil marble give the interiors a more dramatic palette than the usual beach house, with sandstone walls and timber cabinetry adding warmth.
The ground floor is arranged around several places to eat and entertain. The kitchen has a butler’s pantry and an adjoining meals area that opens to a sheltered beachfront terrace. A built-in barbecue and adjustable shutters make the terrace practical when the sea breeze picks up. The heated infinity pool sits beside it, at the same level as the main entertaining areas.
The living room has its own bar, with an ice maker, fridge and dishwasher. Doors open towards both the front courtyard and the pool terrace, giving guests somewhere to spread out when the house is full.
Upstairs, all six bedrooms have private bathrooms. The main suite looks straight out to sea through full-height glass and has a private balcony facing the beach. Its dressing room has curved cabinetry, a dedicated vanity and a coffee station. The other five bedrooms share the floor with a family room, a rumpus room and two smaller retreats, giving children and guests living space of their own.
The rooftop offers a different view of the Gold Coast. From the second pool and spa, the outlook extends along the beach, across the skyline and inland to the hinterland. One of the two offices is on this level, with the other on the ground floor. 
A lift links all four levels, including the basement, where a cinema with its own bar sits alongside a temperature-controlled wine cellar and a 12-car garage. A separate shed at the foot of the driveway ramp provides additional storage. Altogether, the house spans about 2,241 square metres, with its northeast-facing corner position giving it roughly 30 metres of frontage directly onto the sand.
The records in reach
A sale at the asking price would clear the $40 million Queensland house benchmark set in August by 32–34 Noosa Parade. That transaction covered one waterfront estate across two adjoining blocks, with a 1980s residence and two private jetties.
On the Gold Coast, the reported house benchmark is $28 million for 41–45 Hedges Avenue, a similarly sized triple-block holding that traded in 2024.
The Gold Coast has also seen a roughly $40 million deal for a collection of homes across three titles at Jefferson Lane and Fourth Avenue in Palm Beach. The Mermaid Beach asking price sits above that transaction, too. Palm Beach deal
Five of Queensland’s highest reported residential sales
The comparison covers individual estates and apartments, including reported off-the-plan contracts. The Palm Beach portfolio is a separate transaction.
- $40 million — 32–34 Noosa Parade, Noosa Heads. The deep-water estate changed hands in August 2026, setting Queensland’s house price record.
- $34 million — 17 Webb Road, Sunshine Beach. The beachfront home on a 2,015-square-metre block set the previous Queensland record in a deal struck in 2021.
- $32 million — NALU Ultra Penthouse, Miami. Kollosche announced the off-the-plan deal on 5 November 2026 as a new Queensland apartment price record.
- About $30 million — 43 Witta Circle, Noosa Heads. The Tim Ditchfield-designed waterfront home sold in 2024.
- $30 million — ONE Burleigh penthouse, Burleigh Heads. The off-the-plan sale set Queensland’s previous apartment benchmark earlier in 2026.
Brisbane’s reported house record stands at $25 million. It was set in 2025 by the sale of Graya co-founder Rob Gray’s riverfront property at 17 Julius Street, New Farm.
A Sydney couple has paid $15.5 million for the Grand Penthouse at Marquee’s $285 million La Belle Residences beachfront development which is nearing completion at Palm Beach, eclipsing the record for an off-the-plan apartment sale on the southern Gold Coast. The sprawling single level 640 sqm beachfront residence, with sweeping views of the Gold Coast …
Continue reading “$15.5m La Belle Penthouse eclipses southern Gold Coast record”
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