Federal Minister for Defence Peter Dutton has sold his Gold Coast beach house for more than double what he paid for it seven years ago.
Federal Minister for Defence Peter Dutton has sold his Gold Coast beach house for more than double what he paid for it seven years ago.

Dutton sells pad for eye-watering $6m

FEDERAL Defence Minister Peter Dutton has sold his Gold Coast beach house for $6 million - more than double what he paid for it seven years ago.

109 Jefferson Lane Palm Beach.
109 Jefferson Lane Palm Beach.

The absolute beachfront home at number 109 on exclusive Jefferson Lane at Palm Beach was listed for auction on December 6 but not sell until February 9. The sale settled on April 12.

109 Jefferson Lane Palm Beach. Image from realestate.com.au
109 Jefferson Lane Palm Beach. Image from realestate.com.au

Full-height windows and soaring ceilings provide bright, uninterrupted views across the dunes of Palm Beach to the glittering horizon.

109 Jefferson Lane Palm Beach. Image from realestate.com.au
109 Jefferson Lane Palm Beach. Image from realestate.com.au

The property's next occupants will be able to, in the agent's words, "watch the waves play on the shore from the open-plan area with its formal and informal dining options - perfect for long, lazy brunches".

Peter Dutton during Question Time in the House of Representatives in Parliament House in Canberra. Picture: NCA NewsWire / Gary Ramage
Peter Dutton during Question Time in the House of Representatives in Parliament House in Canberra. Picture: NCA NewsWire / Gary Ramage

FRIZELLES' EIGHT-FIGURE PROPERTY WINDFALL

Property records show Mr Dutton, 50, a former police officer and current Leader of the House, bought the home from Deborah Heiner for $2.325 million in September 2014.

109 Jefferson Lane, Palm Beach.
109 Jefferson Lane, Palm Beach.

Other properties in Mr Dutton's Queensland portfolio include the Edison Plaza shopping centre at Wulguru in Townsville, an apartment in Spring Hill's Art Series Residences and a 68ha cattle breeding property at Dayboro.

109 Jefferson Lane Palm Beach Qld 4221
109 Jefferson Lane Palm Beach Qld 4221

The new owner of the Palm Beach property is a company linked to property developer Michael Ferraro, managing director of NPD Property Group.

Mr Ferraro decline to comment on his plans for the property, which sits on a 564 sqm, north-east-facing block.

 

 

 

 

kathleen.skene@news.com.au

 

 

 

 

Originally published as Dutton sells Gold Coast pad for eye-watering $6m

109 Jefferson Lane Palm Beach.
109 Jefferson Lane Palm Beach.


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