Sorrento mansion Bartinon back on the market
Bartinon, the seven-bedroom waterside mansion in Sorrento, could enjoy the prospect of the slightly rising prestige price tide on Queensland’s Coast Coast.
It's back on the market through Lucy Cole, having been on and off the market since the highest bid of $7.25 million offered at 2011 auction fell short of the $8 million paid in April 2009.
Transport tycoon Douglas Kefford bought it from Cameron Davis, from the Samtay Group, and his wife, Lynette.
Prestige prices on the Gold Coast got a slight fillip last year with agents suggesting sales activity indicated the market was endeavouring to bounce off the bottom of previous lows.
The seven-bedroom early 1980s Bartinon was built by tycoon Sir Justin Hickey and his wife, Lady (Barbara) Hickey.
The name of the one-hectare Riviera estate incorporates the initials of their five children.
Hickey, the Marrickville-born insurance magnate who started his career cutting lawns, moved to the 250-squares house in the early 1980s after selling his Emerstan Drive, Castle Cove, house to businessman Phil Cave.
With 85 metres of frontage, it is one of the largest residential blocks on the Nerang River on the coast.
Davis paid $6,665,000 in 2006 to buy it from former Fraser Island tourism operators Sidney Melksham and Angela Burger.
The 6,500-square-metre riverfront Sorrento property previously sold for $4.25 million in 2001 when offloaded by Indonesian industrialist Alimin Soenario.
Soenario had set a $3,125,000 record in 1994 when he bought it on its then 9,000 square metres.
Kefford, who has spent only four or five weeks a year at the house on Marseille Court, has it listed with offers due by January 31.
Selling agent Lucy Cole of Lucy Cole Prestige Properties told the Australian Financial Review that it was hard to name a price in the current market but the vendors were "keen to negotiate."
