Staggering profit in nine months

A BRISBANE man has made a staggering profit on a home he bought just nine months ago — and he didn’t have to do a thing to it.

A very keen buyer paid $850,000 more than the owner had paid in January for a waterfront home in Raby Bay that wasn’t on the market.

The previous owner, which CoreLogic revealed was businessman Damien Scully, had bought the four-bedroom home at 6 Sentinel Court, Raby Bay, on January 19 for $2.7 million.

It has just sold for $3.55 million. Emil Juresic of NGU Real Estate, who negotiated the latest sale said he knew the owner had been keen on something on a larger block of land.

Mr Scully was prepared to sell quickly if the right offer came up and if he was able to find a property on a bigger block — which he had, according to Mr Juresic.

The agent’s colleague Yan Wang introduced the buyer to the home and negotiations started on the deal about five weeks ago. The $3.55 million deal settled Monday afternoon.

Mr Juresic said the new owner intended to do some work on the property before moving in.

The lowset home is on the beachfront at Raby Bay. It is on 748sq m of land. It has five metre high ceilings in the main living room, a lagoon-style swimming pool and Balinese style gazebo.

The main bedroom has water views.

In the kitchen are Caesar stone bench tops and an American oak island bar.

There is French Oak timber flooring throughout and an atrium with a fishpond.

The popular street has racked up a significant number of multimillion-dollar deals in recent years. Just a couple of weeks ago developers Chris and Virginia Anderson sold their property at 8 Sentinel Court for $5.25 million.

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