IT IS not often you can walk away from a $12 million property deal thinking you have snagged yourself a bargain.
But that is exactly how one shrewd investor is feeling after securing a newly built three-level waterfront mansion on Anchorage Tce at Sanctuary Cove on the Gold Coast.
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Costing $17 million to build, the five-bedroom home featuring seven bathrooms, nine formal and informal living areas, parking for 12 cars and a home cinema was a relative steal at $12 million.
The property has been listed for sale with different agents since last September before being sold through Matt Gates, of Ray White Sanctuary Cove.
Property records list its previous owners as John and Elizabeth Baines, retired business owners from the United Kingdom, who decided to sell a