Blue Sky founder Mark Sowerby’s luxury Coast home sold under the hammer – realestate.com.au

Blue Sky founder Mark Sowerby’s luxury Coast home sold under the hammer - realestate.com.au

Blue Sky founder Mark Sowerby’s Koala Park dwelling offered for $9.7 million


An opulent Gold Coast property owned by the founding father of failed fund supervisor, Blue Sky Different Investments, has offered underneath the hammer for $9.7 million.

The Burleigh Heads showstopper was constructed by Blue Sky founder and former managing director Mark Sowerby and spouse Heidi in 2017 — the 12 months after his retirement from a decade on the helm of the previous share market darling.

A crowd of about 100 individuals gathered on the sprawling dwelling in a personal estuary location at 10-12 Elanora Dr on Friday, as auctioneer Justin Nickerson fielded 30 bids from 4 potential consumers.

The house overlooks the estuary to Tallebudgera seaside.


The successful bid was from a Tallebudgera lady who mentioned she purchased the dream dwelling for her son and his fiancee.

Advertising and marketing agent Troy Dowker, of Kollosche, mentioned the two-level home on a 1285sq m block had drawn strongest curiosity from native consumers, together with some from Sydney and Melbourne.

He mentioned 110 teams inspected the property through the marketing campaign, with 12 individuals registered to bid on public sale day.

The home within the tightly held group of Koala Park has 5 bedrooms and 6 loos. Options embrace a 25m heated pool, fitness center, sauna, mudroom, two places of work, sandstone fuel fireplaces, teppanyaki barbecue kitchen and stone-clad gatehouse.

There’s a number of dwelling zones, with excessive ceilings, VJ panelled partitions and strong timber flooring creating a contemporary Hamptons aesthetic.

The upstairs grasp retreat


There’s a number of dwelling and eating zones


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“It’s an absolute showstopper,” Mr Dowker mentioned. “It might be the most important block in there that has waterfront entry.”

The Sowerbys owned No 10 earlier than snapping up No 12 and amalgamating the blocks, benefiting from 38m of waterfontage moments from picturesque Tallebudgera Creek.

Famend native architect Bayden Goddard designed a floorplan maximising out of doors dwelling on the coastal location.

“You possibly can’t change one thing like this,” Mr Dowker mentioned. “It’s a type of homes that you simply admire from afar and if it ever comes in the marketplace, you would possibly do what you possibly can to amass it.

“It may take 5 to 10 years to amalgamate and undergo the constructing course of in the intervening time – this property is able to go,” he mentioned.

Constructed-in teppanyaki bar by the water



Mr Sowerby based Blue Sky in 2006 and constructed the enterprise into an ASX-listed firm valued at greater than $1 billion at its peak. He was additionally appointed Qld’s first chief entrepreneur in 2016.

Blue Sky went intro administration in 2019 following stories the corporate had overstated its monetary place, and Mr Sowerby was final month named as a defendant in a Federal Court docket class motion in opposition to the corporate, its administrators, auditors, and accounting agency, EY.

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