Brisbane residential property record broken at Kangaroo Point
The Brisbane residential property record has been broken with the sale of a three level clifftop home at Kangaroo Point.
It has been sold for $18.48 million through Ray White New Farm agent Matt Lancashire.
The sale by City Motor Auctions Group boss Angelo Russo and wife Sandra eclipses the previous Brisbane record of $14 million when Australia's richest woman Gina Rinehart bought in late 2014.
The vast 1445 sqm split level home with five bedrooms and six bathrooms was the work of renowned designer Greg Harris.
The eastern wing of the residence comprises a home office with adjoining board room, serviced by a kitchenette and another home office.
A fully equipped gym and steam room sit on the same floor, and there's also a sound proof cinema.
One of the homes most spectacular features is the heated infinity lap pool and spa, which run the length of the cliff edge with views of the river and the city.
A lower level temperature controlled wine cellar also offers commanding views.
The marketing suggests no expense had been spared by the owners, even down to the last detail, with heated Saint Lorraine marble flooring from Greece used across the living and entertaining area.
The living and entertaining areas with wood fire pizza oven and teppanyaki barbecue feature heated St Lorraine marble flooring.
Russo paid $4.74 million for the riverfront in 2009 when he bought from law partner Tony Barakat, who had paid $6.3 million just two years earlier.
This article first appeared in The Weekend Australian's Mansion Australia section.
