Under the hammer: Mermaid Waters home with Bali twist sells for mega price

30 Montego Court, Mermaid Waters sold under the hammer for $7.25m.

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A Gold Coast home reminiscent of a Bali resort sold under the hammer for $7.25m on Friday, nudging on the suburb record.

The Mermaid Waters property known as Mulia, at 30 Montego Court, offered water and city views with a design that focused on hi-tech living and entertaining.

Mulia has a focus on hi-tech living and entertaining.

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Mulia has a focus on indoor-outdoor living.

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Auctioneer Justin Nickerson of Apollo Auctions called the auction which attracted five registered bidders and a big crowd.

Bidding opened at $5m and swiftly jumped before it was sold at $7.25m.

“The home is amazing, the owners did a really nice job designing the home,” Mr Nickerson said.

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The highest sale in Mermaid Waters is $7.7m, paid in February for Armorel at 84 Oceanic Drive.

Another Mermaid Waters mansion known as The White House sold for $7.3m under the hammer in November.

Kollosche Broadbeach’s Michael Kollosche and Taylor Kleinberg marketed Mulia, which included a mosaic-tiled pool, cinema and wraparound terrace.

Designed by the Gold Coast’s BDA Architecture and built by Clamroc Constructions, the residence is a masterclass in quality craftsmanship elevated by the finest materials, fixtures and fittings.

Mulia from the waterfront.

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Mulia has wide water views.

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Built to be the forever home of owners Erik and Lea Raaschou, cutting corners or skimping on quality was never an option.

Named after luxury Bali resort ‘The Mulia’, the couple set about creating a resort-style home on the Gold Coast.

“We don’t really go on holidays, but we did take a big family trip staying at The Mulia and absolutely loved it,” Mr Raaschou said.

“We wanted this house to be a daily reminder of that laid-back luxury lifestyle that we enjoyed so much.”

Lush gardens create a resort feel.

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Features include herringbone oak flooring, stone walls and quartzite kitchen island, quality is carved out everywhere you look.

The integration of technology, such as Control4 smart home automation, ensures owners a stress-free lifestyle, where dimming the lights, closing the curtains or turning on the heating is the work of a simple voice command.

PropTrack shows house prices in Mermaid Waters are sitting at $1.755m, up 6.4 per cent.

The firepit looking out to the canal.

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