$20m hinterland mansion hits the market

A $20 MILLION mega mansion complete with aircraft facilities and a panic room with bulletproof glass has hit the market on the Gold Coast.

Nestled in the sleepy country suburb of Biddaddaba in the Gold Coast hinterland, the property at 390 Spengler Rd threatens to break sale records.

Brisbane diesel engine technician and entrepreneur Preston Richardson and his wife, Miranda, spent two years and $14 million rebuilding the mansion after his company PBR Properties purchased the 627ha block for $3.575 million in December 2012.

The couple “completely transformed” the original homestead into a 10-bedroom, seven-bathroom masterpiece with its own grand ballroom for 250 guests, helipad and airstrip.

The fully fenced estate boasts a glorious Colonial-style main residence and comes equipped with a generator big enough to run the entire property in the event of a power outage.

The home also features a heated, 5-metre deep in-ground pool, two guesthouses, 16 dams, a library with floor-to-ceiling shelving, a wine cellar, tennis court, a fully equipped gym and two aircraft hangars.

The highest ­selling home in Gold Coast history was 213 Hedges Ave in Mermaid Beach, which was snapped up by Queensland Harvey Norman boss Steve Cavalier for $19 million in 2006.

• See the full listing on realestate.com.au
• Original article written by Sarah Webb. Read more at the Gold Coast Bulletin.