A multimillion-dollar deal has been signed for a Broadbeach Waters property owned by Sydney-based superyacht captain Brock Schutt.
The exact price paid for 90 Savoy Drive has been kept under wraps by selling agent Jackson Paradise of Ray White Surfers Paradise, but he did confirm it was the highest paid for a property in the suburb’s Florida Gardens precinct.
The previous highest sale in the enclave was for 82-84 Savoy Drive, the home of estate agent Michael Willelm, which sold for $4.35 million in 2017.
Industry sources have speculated the deal for 90 Savoy to be worth well north of $5 million.
While the buyer’s identity is also being kept confidential, Mr Jackson did reveal that he is an ex-pat Australian, originally from NSW but living in Hong Kong, who bought the property sight-unseen.
Mr Jackson said the buyer was wanting to return to Australia and intended to build a dream mansion on the waterfront site.
The ultra-private 2,727sq m block with a 36m sandy beach is the largest land holding in the Florida Gardens precinct and has been in the Schutt family for more than 23 years.
“It’s such a special spot we’ve even had location scouts from a popular television series on Netflix track us down and film on the beach,” Mr Schutt said, when the property hit the market.
Now permanently based in Sydney, Mr Schutt said it was time for someone else to build their dream property on the block.
The site, which is northeast-facing, has 125m of water frontage on a bend of the canal opposite leafy Surfers Paradise Rotary Park in Broadbeach Waters.
The deep water at the front and rear of the property makes it suitable for a boat ramp or pontoon able to house a large boat or sports cruiser.
Mr Jackson said the property, which has been on the market for 80 days, had attracted strong interest from interstate and overseas buyers.
“It is an exceptional piece of property and interest has been very strong throughout the campaign,” Mr Jackson said. “It ticked a lot of boxes for people.”