A waterfront mansion at Broadbeach Waters has sold in Monaco Street after just 21 days on the market.

The cash sale, to an undisclosed buyer from Taiwan, was secured by Christopher Jones and Lisa Halpin of Savills Residential Gold Coast.

The deal comes on the heels of three $4 million to $10 million-plus sales secured by Savills Residential Gold Coast over a three-month period, with demand for luxury homes rising from both national and international buyers.

“It’s probably one of the quickest sales ever achieved for a Gold Coast property in this price bracket, and it represents a substantial profit for the vendor,” said Mr Jones.

Ms Halpin described the marketing campaign as one of the shortest she has undertaken for a home of this value.

“After only 21 days on the market, we negotiated an excellent cash offer with seven-day conditions to a Taiwanese buyer through the Savills network,” Ms Halpin said.

“More so, we recognised the critical importance of digital marketing spending only $3,200 in marketing.”

While the sale price has not been disclosed, Mr Jones said he believed the deal sets a record investment profit for Monaco Street, which is one of the most sought-after locations for buyers of high-end property on the Gold Coast.

The sale of the home was stimulated by the sellers’ off-market purchase of 255 Monaco St, a home that better suited the family’s specific requirements.

“The Taiwanese buyer was looking for a home to suit his needs on the Gold Coast and, whilst the home will have a full-time caretaker, it has been bought as a holiday home for his family,” said Mr Jones.

“Monaco Street has always been popular among buyers of this calibre, and it’s always known to be tightly held. This property has everything going for it - it is extremely well presented and we were always confident of finding the right buyer through the Savills local, national and global network.”

The north-facing home, located on a 4,000sq m site at 201-205 Monaco Street, offers 199sq m of luxury living over three levels. It is the largest waterfront parcel of land on Monaco Street opposite Albert Park.

From the grand foyer with its double staircase that flows through to a sophisticated reception room, the Monaco Street property features open-plan living areas with superb Main River vistas.

The home has six bedrooms, eight bathrooms and basement parking for 10 cars. It also has a full-sized tennis court, swimming pool and spa, spacious games room, home theatre, sports bar, children’s playroom and an executive home office.

The home, nestled behind a gated driveway, is set back from the street for privacy and makes the most of expansive views of the Nerang River.

The Monaco Street sale come on the heels of a string of upmarket property deals secured by Savills Residential Gold Coast’s Southport office in the past few months, including a record sale for Paradise Waters at 48 Norseman Court for $10.2 million.

“There have been at least eight homes sold between $4 million to $5 million on the Gold Coast in the past couple of months, and Lisa Halpin has sold two of them,” said Mr Jones.

“We’re fielding solid interest for homes from both domestic and international buyers, and we have been achieving excellent results in recent weeks from the Savills international network.”

Interest is not only focused on the central Gold Coast. Wayne Holmes of Savills Residential also has experienced a high level of national and global interest in prestige country homes, waterfront and resort properties in the southern Gold Coast region.

Among the major sales secured by Savills Residential Gold Coast recently are:

• $10.2 million for 48 Norseman Court, Paradise Waters, which sold to a Chinese buyer
• $4.85 million for 2 Anglers Esplanade, Runaway Bay, which sold to a Gold Coast buyer
• $4 million-plus for a Shearwater Esplanade home at Runaway Bay, which sold to a US buyer

The Paradise Waters sale was secured by Mr Jones and Ms Halpin, while the sales at Runaway Bay were secured by Ms Halpin.

The sale of 201-205 Monaco Street is now unconditional with settlement expected at the end of March.