Sanctuary Cove’s prestige housing market is beaming with luxury as ‘Arcachon’, a breathtaking French provincial style mansion, goes on sale with a staggering asking price of $15,950,000. This opulent residence, sprawling over an area of 1137m2, is offering luxury home buyers more than 60 meters of tranquil water frontage and a captivating 180-degree view of a nearby nature reserve.
The mansion’s grandeur is unmatched, featuring lavish amenities like a wine cellar, a library/media room, a gourmet kitchen, and seamless indoor/outdoor spaces for alfresco dining and entertainment complete with a barbecue area and an outdoor Sonos speaker system. For fitness enthusiasts, there’s a private gymnasium and for relaxation, a heated Ozone swimming pool, a jacuzzi, and a cozy fire pit await. Meanwhile, luxury yacht aficionados can take advantage of the newly installed state-of-the-art pontoon, ample enough to berthe an impressive 100ft vessel.
Matt Gates from Ray White, enthused about the property, stated, “Without a doubt this is one of the premier residences in Sanctuary Cove and on the Gold Coast.” His optimism is backed by a record-breaking month for Sanctuary Cove in October, with sales totalling $40 million, signifying a robust demand in the high-end market despite successive interest rate rises that have dented the broader housing market.
The appetite of the prestige market is further underscored by a recent sale within the gated community, fetching $13,950,000, and the November 2021 record sale of a luxurious waterfront home for $17.7 million to well-known business personality, Tony Quinn. Gates noted a demographic shift in high-end buyers towards a younger bracket while also acknowledging the ongoing interest from active, affluent retirees, both local and international.
Sanctory Cove, revered for its self-contained, luxurious residential lifestyle, continues to attract homebuyers with its exclusive amenities like renowned golf courses, an inviting shopping and dining village, a country club, and a world-class marina.
The area showcases properties ranging from $800,000 for a three-bedroom apartment to the zenith of opulence with waterfront residences upward of $20 million. Adding to this, Sanctuary Cove is awaiting the completion of two Harbour One penthouses, woven with the essence of luxury coastal living. Developed by Mulpha and featuring four bedrooms, four bathrooms, media rooms, and expansive living spaces, these penthouses are expected to be completed in mid-2024 and are priced from $9 million.
This listing marks a significant moment for Sanctuary Cove as it is the first instance that waterfront penthouses have been offered in the community, poised to set new benchmarks in luxury living.