Brisbane mansion with $200k chandelier breaks suburb record – realestate.com.au – realestate.com.au

Elizabeth Tilley, Property Journalist
Updated 25 Sep 2019, 4:24pm
First published 24 Sep 2019, 12:00am
This palatial house at 303 Archer St, Chandler, has sold for more than $4m.
ONE of Brisbane’s grandest homes — featuring a chandelier that cost as much as a small apartment — has sold for more than $4 million.
Two decades after building the Chandler mansion, retired builder and developer Domenico Casagrande and his wife Lucia have sold their iconic property — setting a new record for a home sale in the suburb.
RELATED: Buy land for the price of a holiday
Brisbane castle’s fourth price slash
This home would not look out of place in the south of France.
Spanning 1200 sqm under roof, the palatial home at 303 Archer Street has five bedrooms, six bathrooms, a porte-cochère entry, marble floors, a feature staircase capped by a domed ceiling and a $200,000 Swarovski crystal chandelier.
The front of the house at 303 Archer St, Chandler, is impressive.
There’s also a 1200-bottle wine cellar, a commercial-sized kitchen with cool room, a billiard room, a heated pool and garaging for 12 cars.
Selling agent Joseph Lordi from McGrath Bayside Manly said the property sold to a local family, who planned to make it their forever home.
Inside, the house is lavishly decorated.
“They wanted a statement home,” Mr Lordi said.
“They had never considered Chandler … they were looking in Ascot, Hamilton and other acreage areas.”
The master suite features a bathroom made entirely of emerald green marble.
Mr Lordi said the suburb was starting to attract more interest from buyers wanting statement homes on acreage close to the city — and at a relatively affordable price for what you got
“It’s very tightly held,” he said.
Check out the formal dining room.
“There are only around 500 properties in Chandler, and only under 20 sales a year.
“I think the average hold rate is 22 years.”
MORE: Whopping $8.4m mansion sale sets new auction price record
The Swarovski crystal chandelier in the home is worth about $200,000.
The house was built in 1999 and has been kept in impeccable condition.
The master suite occupies almost half the upper floor and incorporates two separate dressing rooms, a kitchenette, a gym and a huge bathroom adorned in emerald green marble.
The master suite is massive.
A huge balcony off the master bedroom overlooks the walled grounds of the estate which include a private orchard.
“There’s only a handful of homes like it in Brisbane,” Mr Lordi said.
MORE: Epic homes to buy if you win Powerball
Quiant house skyrockets $2m past expectations
There’s a bar and billiard table.
“If you picked that up and put it in Ascot, you’d be paying around $9 million for it.”
Records show the previous highest sale in Chandler was a property at 652 London Road, which fetched $3.85 million in October last year.
The median house price in the suburb is $1.45 million, according to property researcher CoreLogic.
The downstairs wine cellar.
Disclaimer: The information published in this section is of a general nature only and does not consider your personal objectives, financial situation or particular needs. Where indicated, third parties have written and supplied the content and we are not responsible for it. We make no warranty as to the accuracy, completeness or reliability of the information, nor do we accept any liability or responsibility arising in any way from omissions or errors contained in the content. We do not recommend sponsored lenders or loan products and we cannot introduce you to sponsored lenders. We strongly recommend that you obtain independent advice before you act on the content.
Personalised advertising: We show you more relevant advertising based on your activity. Prefer us not to? Opt Out of personalisation
realestate.com.au is owned and operated by ASX-listed REA Group Ltd (REA:ASX) © REA Group Ltd.

source