Qld billionaire lists epic waterfront home set to break records – realestate.com.au

News Corp Australia Network

Mal Pratt’s Cypress Ct home in Minyama has hit the market for the first time. Photos: Supplied.

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QUEENSLAND billionaire Mal Pratt has put his Sunshine Coast waterfront mansion on the market for the first time in nearly 30 years, with record-breaking price hopes.

The property developer and his wife, Judith, have owned the five-bedroom home on a 2083 sqm corner block in the affuent suburb of Minyama since 1995, when records show they paid $950,000 for the site.

This property at 17 Cypress Court, Minyama, is on the market. Image supplied by Town.

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Marketing agent Craig Morrison of Town said the property in Cypress Court could set a new residential sale price record for the Sunshine Coast, not including Noosa.

“It has 94m of water frontage, and it’s definitely a double block, but could even be a triple block,” he said. “Even the land alone would be $10m per block.”

Mr Morrison said Mr Pratt built the home himself with the vision to design it feel like a resort.

The home was designed like a resort.

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“For its age, it feels timeless,” Mr Morrison said. “It’s got that really resort-style feel.”

The property’s features include a powder room, multiple living areas, an office, a bar with wine and beer fridges, a 25m heated lap pool with a bridge across it, a gallery, and a four-car lock up garage.

The most expensive home sale on the Sunshine Coast, according to public records, is $13.5 million, which was for 20 Corks Pocket Rd, Reesville, in 2021.

Mr Morrison said most interest in the property so far had been from locals.

“It feels like the high-end (of the market) is still going strong,” he said. “A lot of locals are trading up, or trading sideways.”

There are spectacular views from most rooms of the house. Image supplied by Town.

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The biggest sale for a house in Minyama was set in March 2022 when a Minyama Island home sold for $12 million.

Mr Pratt, of Pratt Property Group, is the developer behind a number of business centres and retirement villages in Queensland.

The heated lap pool even has a bridge across it.

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Now in his late 70s, he and his wife are downsizing to a unit.

Records show the Pratts paid $7.1 million in 2021 for an off-the-plan apartment in Birtinya and also own a holiday apartment in Palm Cove that they bought last year for $2.2 million.