Is it a resort? Picture: Richard GoslingThe home takes up most of the 2103sq m block and overlooks the Broadwater.It has 55m of water frontage and features multiple entertainment areas, seven bedrooms and nine bathrooms with extensive marble and timber flooring.From the gated entry, cylindrical pillars and a high wooden portico stand guard over a stone driveway and manicured gardens. Fancy a dinner overlooking the Broadwater?Inside, a combination of timber and wrought-iron features demand your attention while floor-to-ceiling glass offers a spectacular vista of the open water.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North11 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoA sunken carpeted lounge is beneath 7m ceilings and warmed by a fireplace.There is a collection of stunning formal and casual living spaces at every turn with extensive marble and timber floors throughout.“It’s a perfect house for a large family as there’s so many areas you don’t feel like you’re on top of each other,” Mr Peat said. Brian Peat and Eileen Peat in front of their home Grand Vista. Picture: Richard GoslingA MEGA mansion on the Sovereign Islands has hit the market for $14.88 million, more than double its 2010 selling price after major renovations.Vendors Brian and Eileen Peat bought Grand Vista at auction for $7 million from receivers in 2010.It was fallen Gold Coast developer John Fish’s mansion which had previously been on the market in 2009 for $15 million. The mansion from the water. The kitchen has been expanded.Prestige Property Agents principal Amir Mian is marketing the property.“It suits someone wealthy who wants privacy and wants something unique,” he said.“There’s no blocks available on this side now with three blocks and city views so you cannot replace this now.” Tour this palatial mansion in tomorrow’s Gold Coast Bulletin Realestate magazine. The bedrooms feature stunning views of the Broadwater. From the air it is a sight to behold.As well as expanding the kitchen and creating a seamless indoor-outdoor flow to the poolside teppanyaki alfresco area, the pair also worked their magic at the other end of the house, in the entertainment precinct.A stunning open-plan wing complete with a bar, dining, lounge, library and outdoor area accessible via bi-folds can operate as a large-scale functions area.From the foyer, a curved timber and wrought iron staircase leads to the five ensuited bedrooms on the upper level including the luxurious main bedroom. Brian and Eileen Peat have put their sprawling mansion on the market. Picture: Richard GoslingMr Fish paid $6.5 million for the home in 2003 and had undertaken a major refurbishment but when the Peats bought the property it was incomplete and hadn’t been maintainedThey then spent big bucks transforming it from a Mediterranean-style mansion into a contemporary resort-style haven.“The owner virtually ran out of money,” Mr Peat said.“The floor was concrete, the kitchen was tiny and there were whole areas of blank space.”“We rewired a lot of things, changed the lighting and installed CBUS throughout.” The view once you step inside the front door.The basement has a wine cellar, gym, steam room and a powder room, plus a 10-car garage.The Peats have lived on the Sovereign Islands since 2007 and said Grand Vista’s privacy, luxury features and sprawling design initially sparked their interest.“A lot of big houses don’t have the separation that this property does,” Mr Peat said.“You can have a big house but you are all on top of each other whereas here there’s plenty of different areas.” The entertainment wing. No detail has been spared in the design of this luxury mansion.