A cash-strapped Australian has avoided going bust by accepting a fire sale price for his Queenstown mansion.
Glen Carless, who’d hoped to sell his lavish home atop Queenstown Hill for at least $7.5 million, quit his property for just $3.75m only hours before last month’s mortgagee auction.
Two months ago, Carless revealed 10 multi-million deals had all fallen flat since his six-bedroom, eight-bathroom property at The Peak was first marketed in the normal way.
One of those failed offers, at $6.5m, came from an unknown Australian who Mountain Scene understands has now snapped up The Peak at almost $3m less.
Three years ago, the super-home was labelled one of the world’s best houses by Australia’s Better Homes & Gardens TV show.
Meanwhile, local Browns Sotheby’s International agent Mark Harris confirms he sold Carless’s other Wakatipu mansion last week.
Glenpanel Homestead on Ladies Mile was also scheduled for mortgagee auction last month.
Harris won’t disclose either Glenpanel’s buyer or price – however, it’s thought to have fetched about $2.5m.
Carless bought the 100-year-old Glenpanel in 2002 for $2.5m then spent another $1m on painstakingly refurbishing it. Early this year, Carless was marketing it at $4.5m.
Approached for comment this week, Carless told Mountain Scene before hanging up: “You ruined my life, you c…”