The Sovereign Islands property at 76 Royal Albert Cres sold in a $2.3 million deal.

IT was on the market for almost a year but that didn’t stop the sellers of one Sovereign Islands home from pocketing an extra $300,000 just two years after they bought it.

The Royal Albert Cres residence was snapped up by local buyers for $2.3 million last week.

Property records show it last sold in November 2017 for $2 million.

The $300,000 profit is enough for the sellers to buy a luxury car, such as a McLaren, or small apartment.

It had been on the market with various agencies since October 2018 but it was Amir Prestige Property Agents’ Isaac Kim and Ivy Wu who sealed the deal.

It sold for an extra $300,000 just two years after it last changed hands.

The buyers are locals and plan to move into the property.

It had been on the market for almost a year before it sold.

Mr Kim said the Gold Coast buyers made an offer hours after inspecting the waterfront house.

“They just fell in love with the area, they’d been looking to buy on Sovereign (Islands) for a couple of months,” he said.

“When someone is emotionally attached to a property, they don’t hesitate.

“They were scared someone else would buy it if they didn’t take action.”

He said the buyers planned to move into the property once the sale settled.

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While the home failed to sell under the hammer in September, Mr Kim said the auction helped generate interest in the property.

“We didn’t sell it under the hammer but we had a lot of interest, we had a couple of (people) wanting to buy,” Mr Kim said.

It went to auction in September.

Entertaining will be a breeze for the new owners.

The pool is one of its standout features.

“It’s a stunning home.”

It has five bedrooms and five bathrooms spread across two floors as well as two garages that could fit up to three cars.

The ground level has an open floorplan that wraps around an alfresco area overlooking a pool and pontoon.

Four bedrooms, including the main with a balcony, and a home theatre are upstairs while a guest bedroom that could double as a study is on the ground floor.