311 Monaco St, Broadbeach Waters. 311 Monaco St, Broadbeach Waters.Among the six-bedroom, five bathroom mega mansion’s standout features are a fully equipped gym, expansive formal and informal living areas, an outdoor kitchen, double pontoon and state-of-the-art technology throughout.Ray White Prestige agent Matt Gates, who marketed the property with Sherry Smith, said it attracted a lot of interest with numerous parties negotiating in the lead up to the sale.“(While) we had substantial interstate inquiry on the property, our local buyers trulyMore from news02:37International architect Desmond Brooks selling luxury beach villa13 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoappreciated the significance of Monaco St,” he said.MORE NEWS: Costly fallout of V8 star’s split form wife Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 4:18Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -4:18 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels576p576p400p400p320p320p228p228pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenNovember 6: Prestige listings04:19 311 Monaco St, Broadbeach Waters.A LUXURY waterfront mansion on one of the Gold Coast’s most prestigious streets has sold for a whopping $7.5 million.The landmark sale of 311 Monaco St sets the bar for the new year, marking the highest sale on the Gold Coast so far.Sellers Tony and Alicia Stephens, who built the house in 2014, said it was a bitter sweet time for the family as they prepared to move.“It is the most breathtaking home we have ever lived in but we have decided to move onfor a change of scenery and to experience beachside living,” Mr Stephens said.“Our young children have grown up in this river fronting home and we’ve truly made themost of what the location and the home has to offer.” 311 Monaco St, Broadbeach Waters.There were more than 300 inspections of the property in the five months it was on the market.Ray White Surfers Paradise Group chief executive Andrew Bell said the number of inspections was a strong indication of the level of interest for spectacular homes on the Gold Coast.Mr Bell believed the Gold Coast would be one of the nation’s best performing property markets this year following strong economic growth and billions-of-dollars worth of development over the years.“The reality is now clear that the Gold Coast is done with the major booms and busts we’ve seen over many decades, and that’s because so much has changed from a micro and macro level to prevent that from happening,” Mr Bell said.“The stability we’ve seen in the property market for more than five years now is testament to this change and we believe the year ahead will be no different.”The highest sale last year was set by the property at 9 Hedges Ave, which billionaire businessman and politician Clive Palmer bought for $12 million. 311 Monaco St, Broadbeach Waters. MORE NEWS: How to earn $87,460 more instantly “The central location and benefits of the wide Nerang River frontage saw this young familyoutbid all other potential buyers.”The Broadbeach Waters mansion hit the market in August under an expressions of interest campaign before a $9.75 million price tag was put on it almost two months later.Its price was further slashed to $7.995 million in November.