TEE OFF IN LUXURY ON THE PINES’ MOST EXCLUSIVE ADDRESS
This luxury Sanctuary Cove estate offers prime fairway frontage beside Australia’s only Arnold Palmer-designed golf course.
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Golf connoisseurs with a love of architecture can hit a hole in one with this palatial estate in the exclusive Masters Enclave gated community.
The sprawling 1798sq m Sanctuary Cove property was recognised as one of Queensland’s Top 50 Amazing Homes in 2023 by The Courier Mail and sits alongside the country’s only Arnold Palmer-designed golf course, The Pines.
Recognised as one of Australia’s best and most challenging courses, The Pines is a 101ha 18-hole course within an established pine forest. With eight man-made lakes, it is home to an abundance of native wildlife, including rare birds and plenty of kangaroos.
“When I think of great golf in Australia, I think of The Pines at Sanctuary Cove, a true test of the game,” pro-golfer Adam Scott has said of the famous green.
Listed with Matt Gates of Ray White Sanctuary Cove, the modern mansion is on the market via private treaty sale with a price guide of $8.495 million. The property last sold in 2022 for $6.6 million according to title records.
Prior to that exchange, the designer home had been the glamorous weekender of retired telco executive and one-time local Bentley and Rolls-Royce dealer, David Baird, and his wife, Marion. They purchased the home, which fronts the 14th and 15th fairways, for $6.5 million in 2018.
A single-level residence, the four-bedroom house has a palatial 900sq m of living space and benefits from an extraordinary 80m of uninterrupted fairway frontage, giving the owners a prime position to enjoy the member-only course.
Meticulously curated to appeal to a design-savvy buyer, the house has multiple living and entertaining zones which all open up to the great outdoors and the unrivalled view of the green.
There are six defined alfresco spaces throughout the property, including an outdoor bar and spa terrace, a courtyard pavilion with fire pit, a beverage hub and bespoke seating. A vast pool and its adjoining spa also overlook the lush green of the fairway.
Inside, there are ample places to retreat to, such as the relaxed sunken lounge, as well as the media room for movie nights, and an executive-style office with integrated cabinetry.
Built for the great entertainer, the sleek contemporary kitchen is complemented by rich timber finishes, black subway tiles, a long eat-at island bench, plus a full butler’s pantry and state-of-the-art appliances.
Each of the bedrooms has an ensuite, including a separate guest suite, and the spacious main is a private pavilion retreat in itself with a five-star hotel-inspired bathroom featuring a freestanding tub and a grand dressing room.
The Masters Enclave estate has cutting-edge home automation, a four-car garage with a workshop and an essential golf buggy bay.
In addition to a world-renowned golf course right on the doorstep, residents within the secure community also have easy access to a marina, waterside cafes and designer boutiques.
The estate has the convenience of 24-hour security, land and water patrols, medical emergency response, and alarm monitoring.
Matt Gates of Ray White Sanctuary Cove is listing the Masters Enclave residence with a price guide of $8.495 million.
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Office rents in Sydney, Melbourne and Brisbane are climbing at their fastest pace since the pandemic as tenants compete for premium CBD space amid tightening supply.
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Australia’s major CBD office markets are recording some of their strongest rental growth since the pandemic, with businesses increasingly prioritising premium office space despite elevated geopolitical and economic uncertainty.
Knight Frank’s Australian Office Indicators Q1 2026 report found net effective rents in Sydney and Melbourne CBDs rose at their fastest annual pace since COVID-19, increasing 10.2 per cent and 6.8 per cent respectively over the 12 months to March.
Brisbane posted the strongest growth nationally, with net effective rents climbing 11.7 per cent over the same period.
The report points to a widening divide between prime CBD office towers and secondary office stock, as occupiers increasingly focus on quality, location and workplace amenity when making leasing decisions.
Knight Frank Senior Economist, Research & Consulting Alistair Read said demand remained heavily concentrated in premium assets within core CBD precincts, helping drive stronger rental growth in top-tier buildings.
“Occupier demand continues to be heavily concentrated in the most desirable CBD precincts and the highest-quality buildings, accelerating a sharp divergence between core and non-core markets,” Mr Read said.
According to the report, Sydney’s Core precinct and Melbourne’s Eastern Core significantly outperformed broader CBD markets over the past year.
“In Sydney’s Core precinct and Melbourne’s Eastern Core, net effective rents surged 14.3% and 16.1% over the past year, significantly outperforming the rest-of-CBD precincts,” Mr Read said.
The rental gap between prime and non-prime office locations has also continued to widen sharply.
“As a result, core CBD rents are now 54% higher than non-core locations in Sydney and 93% higher in Melbourne, highlighting the growing premium placed on amenity, accessibility and workplace quality,” he said.
Knight Frank said the strong rental growth across the major CBDs was being underpinned by a limited supply pipeline, with few new office developments expected to be delivered in the near term.
Mr Read said subdued construction activity was likely to support ongoing rental growth and tighter vacancy rates over the medium term, particularly for premium office towers.
“The combination of sustained demand and declining levels of new development will aid ongoing prime rental growth and lower vacancy rates over the medium term, particularly for best-in-class assets,” he said.
The report noted that current economic conditions were making new office developments increasingly difficult to justify financially.
“Economic rents remain well above expected market rents, making the construction of new office towers largely unviable, and concentrating tenant demand into existing buildings,” Mr Read said.
While suburban office markets generally remained subdued compared with CBDs, Melbourne’s Southbank precinct was identified as a relative outperformer, recording annual net effective rental growth of 2.7 per cent.
The report comes as broader Asia-Pacific office markets continue to stabilise following several years of disruption linked to hybrid work trends, inflation and rising interest rates.
Knight Frank’s separate Asia-Pacific Q1 2026 Office Highlights report found Sydney and Brisbane were among the strongest-performing office rental markets in the region, behind only Bengaluru and Tokyo for annual prime net face rental growth.
The Asia-Pacific report also found 18 of the 24 cities monitored across the region recorded stable or increasing rents in the first quarter of 2026, even as geopolitical uncertainty intensified following escalating conflict in the Middle East.
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