Inside the record-breaking $50million mansion dubbed the ‘Bellagio of the Gold Coast’

PHOTO: An aerial view of the luxury Bellagio La Villa mansion (pictured above) which is available for $50million on the Gold Coast

  • Chinese billionaire Riyu Li is looking to sell his ‘amazing’ villa on the Gold Coast
  • Asking price said to be $50 million, which would be a record for the Glitter Strip
  • ‘Bellago La Villa’ sits on 49 hectares and boasts 10 bedrooms and a mini library
  • Other lavish features include an indoor pool and a separate caretaker’s cottage

A Chinese property billionaire has put his palatial home on the market, with forecasts it will smash the record for the most expensive house in the Gold Coast region.

The sale comes after the ambitious plans of global real estate tycoon Riyu Li to turn the property into a resort, featuring a hotel and 108 units, were rejected by Gold Coast City Council last year.

Mr Li has now put the mansion at the heart of the property, dubbed Bellagio La Villa, on the market, with valuers setting its price as high as $50 million.

The 49 hectare property, located in the Tallebudgera Valley, on the outskirts of the Gold Coast, has been Li’s home since 2014.

What a lazy $50 million buys you

•A two-level house that with a floor area of 2450 sqm and a porte cochere

•Ten bedrooms, all with en suites, and including a master bedroom with his and hers dressing rooms and separate bathrooms

•Multiple living areas, including a library and media and music rooms

•A dining room to accommodate 16 guests

•A heated indoor swimming pool, with spa and sauna, and a gymnasium

•A five-car garage finished to a standard that allows it to be used as a ballroom

•A separate caretaker’s cottage

•Two horse stables, a large shed, an orchard, and two dams

•On 49 hectares with a frontage to Tallebudgera Creek and close to the Tally Valley golf course and schools