This property at 1 Leopard St, Kangaroo Point, has sold for close to $18m.

THE most expensive home ever sold in Brisbane has changed hands again for close to $18 million.

Three years after setting a new record for a residential property sale in the city, the clifftop mansion at 1 Leopard St, Kangaroo Point, is believed to have been snapped up by a local buyer.

Heath Williams of Place New Farm, who was the listing agent along with colleague Judy Goodger, declined to comment when contacted by The Courier-Mail, citing confidentiality reasons, but it is understood the property sold for close to the $18 million asking price.

The infinity-edge pool overlooking the cliffs at 1 Leopard St, Kangaroo Point.

The riverfront trophy home fetched $18.48 million when it last sold in March 2017, but the new, albeit lower, sale price is enough for the property to maintain top position as the highest amount paid for a residential property in the city.

The sale smashed Brisbane’s sale record at the time of $14 million, which was set when Australia’s richest person Gina Rinehart bought a home at Aaron Ave, Hawthorne, in 2014.

The second highest residential sale in Brisbane was achieved late last year when the Tennyson home of Brisbane Broncos chairman Karl Morris fetched $17.6 million.

The property at 1 Leopard St, Kangaroo Point, offers uninterrupted views of the city skyline.

Chinese owners Huihui Zhai and Zijian Zheng bought the Leopard Street property off City Motor Auction Group boss Angelos Russo and his wife, Sandra.

Mr Zheng told The Courier-Mail at the time of listing in May last year that a change in circumstances meant the time had come to sell.

“What we’ve loved about the home is the stunning 180 degree views that capture the city, river and beyond,” Mr Zheng said.

“It has been one of our favourite places to live and we’re sad to be selling, however we have moved overseas for work purposes.”

Inside the opulent home at 1 Leopard St, Kangaroo Point.

The house spans three levels and sits on an 1184 sqm block with almost 72 metres of uninterrupted views of the city skyline.

The six-bedroom home was designed by Greg Harris, has 1445sq m of living space and marble flooring imported from Greece in the living and entertaining areas.

But the opulence doesn’t end there.

The kitchen in the home at 1 Leopard St, Kangaroo Point.

Other features include an internal lift, a gym, a cinema, a steam room, a climate-controlled wine cellar, a teppanyaki grill and a wood-fired pizza oven.

There is also an infinity lap pool and spa running along the cliff edge.

Speaking during the campaign, Mr Williams said he had received multiple cash offers above $15 million for the property from locals, expats and interstate buyers.

The deck and barbecue area of the property at 1 Leopard St, Kangaroo Point.

“There’s no comparison to the view,” Mr Williams said.

“It really is one of a kind.”

Mr Williams said Brisbane’s prestige property market represented “amazing value” compared to its Sydney and Melbourne peers.

Even the bathroom has a stunning view.

The top end of the market in Brisbane has already had a strong start to the year, with a number of big sales including Cintra House at 23 Boyd St, Bowen Hills, which sold for close to $7.5 million.

BRISBANE’S BIGGEST HOME SALES

1. 1 Leopard St, Kangaroo Point

Vendor: Anthony Russo

Current owner: Huihui Zhai and Zijian Zheng

Sale price: $18.48m (before current sale)

Sold: March 2017

The view from one of the decks on the property at 1 Leopard St, Kangaroo Point.

2. 1 King Arthur Tce, Tennyson

Vendor: Karl Morris, Brisbane Broncos chairman

Current owner: Canstuct International CEO Rory Murphy

Sale price: $17.6m

Sold: October 2019

This property at 1 King Arthur Tce, Tennyson, recently sold for $17.6m.

3. 250/1 Newstead Tce, Newstead

Vendor: Mirvac

Current owner: Howard Stack

Sale price: $14.25m

Sold: June 2008

A penthouse in this apartment building at 1 Newstead Tce, Newstead, sold for $14.25m in 2008.

4. 46-48 Aaron Ave, Hawthorne

Vendor: Gregory and Alwyne Nunn

Current owner: Gina Rinehart’s company Wingfield Ave Pty Ltd

Sale price: $14m

Sold: August 2014

(Note: Records show the property was transferred into Gina Rinehart’s name in 2017 in a ‘beneficial interest’ transaction, valuing the property at $18.5m)

This sale of this riverfront Hawthorne property set a Brisbane price record when it sold to Gina Rinehart for $14m in 2014.

5. 33B Harbour Rd, Hamilton

Vendor: Hamilton Stage 2 Pty Ltd

Current owner: Naiqi Duan

Sale price: $11.8m

Sold: April 2015

This property at 33B Harbour Rd, Hamilton, is back on the market after selling for $11.8m in 2015.

6. 39 Eldernell Tce, Hamilton

Vendor: The Corporation Of The Synod Of The Diocese of Brisbane

Current owner: John and Susan George

Sale price: $11.2m

Sold: April 2007

This mansion known as ‘Farsley’ at 39 Eldernell Tce, Hamilton, sold for $11.2m in 2007.

7. 106-110 Virginia Ave, Hawthorne

Vendor: Arrow Energy chief executive Shaun Scott

Current owner: Good Price Pharmacy Warehouse founder Anthony Yap

Sale price: $11.13m

Sold: May 2018

This property at 106-110 Virginia Ave, Hawthorne, fetched $11.13m in 2018.

8. 27 Sutherland Ave, Ascot

Vendor: Dominos Pizza CEO Don Meij

Current owner: Glenn Rutherford

Sale price: $11m

Sold: January 2018

This property at 27 Sutherland Ave, Ascot, sold for $11m in 2018.

9. 21 Sykes St, Ascot

Vendor: Noeleen and David Morgan

Current owner: Emma Kehoe

Sale price: $10.4m

Sold: February 2015

10. 33A Harbour Rd, Hamilton

Vendor: Karen Tyson

Current owner: Lorna Jane founder Lorna Jane Clarkson

Sale price: $10.3m

Sold: September 2010

Fitness guru Lorna Jane bought a home in Harbour Rd, Hamilton, for $10.3m in 2010. Photo: AAP/Megan Slade.

11. 14 Sutherland Ave, Ascot

Vendor: Helen and Andrew Griffiths

Current owner: Linda and Christopher Miers

Sale price: $10.2m

Sold: June 2014

This house at 14 Sutherland Ave, Ascot, is back on the market after selling for $10.2m in 2014.

12. 36 Dickson Tce, Hamilton

Vendor: Soo Hian Beh

New owner: Hotelier Steven Shoobridge

Sale price: $10.138m

Sold: December 2017

This house at 36 Dickson Tce, Hamilton, was the former home of Christopher Skase and last sold for $10.138m in 2017.

13. 128 Crosby Rd, Ascot

Vendor: Brett Walker

Current owner: James and Kathryn Campbell

Sale price: $8.8m

Sold: September 2017

This home at 128 Crosby Rd, Ascot, last sold for $8.8m in 2017.

14. 102 Virginia Ave, Hawthorne

Vendor: Nicola and John Briggs

Current owner: Wendy Thorsen

Sale price: $8.6m

Sold: September 2016

This property at 102 Virginia Ave, Hawthorne, sold for $8.6m in 2016.

15. 980/1 Newstead Tce, Newstead

Vendor: Mirvac

New owner: Peggy Flannery

Sale price: $8.55m

Sold: May 2011

(Source: Realestate.com.au, CoreLogic; based on reported home sales)