Landmark Gold Coast Waterfront Estate Returns to Auction
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One of Queensland's most significant trophy homes will return to the market nearly three years after it helped reshape the prestige auction market on the Gold Coast.
The landmark riverfront estate at 59–63 The Corso, Isle of Capri will be auctioned by leading luxury real estate agency Kollosche on Wednesday, April 8, at 12:30pm.
Positioned on an expansive 2,197sqm landholding spanning four blocks, the estate commands 52.7m of north-east facing river frontage on the coveted Adams Basin.
From its elevated vantage point, the residence captures sweeping water views and a dramatic outlook across Adams Basin to the Surfers Paradise skyline.
Framed by parkland on two sides and the calm waters of the basin to the front, the property offers a rare sense of privacy and tranquillity while remaining moments from the heart of the Gold Coast.
“It’s one of the most tightly held and desirable riverfront positions on the Gold Coast,” Kollosche Director Michael Kollosche said.
“The opportunity to acquire four riverfront blocks side by side in a location like this is exceptionally rare.
“You’re anchored by parkland on two sides, with Adams Basin directly in front of you, creating an incredible sense of space and privacy.”
Mr Kollosche said despite its tranquil, resort-style setting, the property also benefits from its central location within the Gold Coast’s key lifestyle and education precincts.
“Most landholdings of this scale tend to sit much further away from the amenities people value, such as schools, beaches, restaurants and the lifestyle that defines the Gold Coast,” he said.
“To assemble four riverfront properties in a tightly held pocket like Isle of Capri would be extremely difficult to achieve these days, particularly when you consider the highly coveted north-east aspect, privacy and wide sandy beaches."
The Balinese-inspired residence is constructed from sandstone, New Guinea rosewood, Oregon timber and teak, creating a warm natural palette that blends seamlessly with its waterfront setting.
Designed around a striking central atrium, the home unfolds through a series of tranquil spaces where water, light and natural materials interact.
A suspended outdoor platform overlooks a wet-edge swimming pool, while water features flow through both the residence and its surrounding gardens.
At the centre of the home, an expansive open-plan kitchen, living and dining area is anchored by a striking six-metre trapezoid stone island bench, complemented by a butler’s pantry and a suite of Miele appliances.
Multiple entertaining zones extend from this central space, including formal living and dining areas, a cinema, media room, office, wet bar and full-size billiards room.
Accommodation includes five ensuite bedrooms within the main residence, along with a self-contained caretaker’s cottage.
Additional features include a 7,000-bottle wine cellar and six-car basement garage.
The estate last sold at public auction in 2023 for $24,000,000, attracting 10 registered bidders and significant national attention.
“It was one of the first homes of this calibre on the Gold Coast to transact by public auction,” Mr Kollosche said.
“The level of demand it generated helped demonstrate that ultra prime prestige property could successfully be sold through a competitive and transparent auction environment on the Gold Coast.”
Mr Kollosche said the estate is expected to attract interest from local, interstate and international buyers seeking a rare riverfront land holding with more than 2,000m2 of built improvements.
“Properties of this scale and position are incredibly rare and very tightly held,” he said.
“For high-net-worth buyers, the opportunity often lies in securing a landmark asset when it becomes available, because assembling a holding like this today would be near impossible, not to mention contemplating a construction project of this extraordinary scale.
This is a blank canvas on a scale we may not experience again.”
Mr Kollosche said the vendor has already purchased another property and is committed to selling.
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