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.
Pellegrini said: “Maybe it is not the most important reason why we failed in this season, because we lost a lot of points against teams that are not stronger than our squad, but against Chelsea or Arsenal or Manchester United if you have restrictions and the other clubs don’t have them, of course it is an advantage. “This year we will all be in the same condition and we will see which is the team that works more to have a strong squad.” UEFA president Michel Platini has suggested FFP rules could be eased in future. This would be welcomed at City, who have found their Abu Dhabi-backed spending limited despite being completely debt free. Pellegrini said: “When we don’t have any debt with anyone, I don’t see why we have restrictions. It is the thing I am glad to review. I never understand the rules of Financial Fair Play.” Before looking ahead, City need to complete this season. Southampton are the final-day visitors to the Etihad Stadium and after five wins in succession to secure second place, Pellegrini wants to continue the run. He said: “We must finish here at home trying to win. “I said to the squad the second position is finished but I don’t think the season is finished. “We have the last game here at home and we must be motivated to win in front of our fans and have a good game and a good farewell to the season. The best way to do it is to win.” Pellegrini claims he had a tougher time in his first campaign as City boss and has just been let down by some rudimentary mistakes this term. Pellegrini’s side fell away badly in the second half of the season, tamely surrendering their Barclays Premier League crown to Chelsea after being joint-top in January. The Chilean is due to meet with club officials to analyse where things went wrong but he insists he has not found the going tougher. The 61-year-old said: “No, I don’t think so. Last season was for me harder than this one because it was my first season here in the Premier League. “This season, for different reasons, we are not the strong squad we played last year. We made a lot of mistakes – especially against teams who are not in a good position, the teams who are in the relegated positions, we lost nine points against them – and we lost at home in both cups. “Maybe we will continue being a high-scoring team but we must be a more consistent team that doesn’t lose points against teams in the relegated positions.” One area where City have been criticised since winning the title last season is in their recruitment, with none of their main summer signings last year having particularly impressed. Eliaquim Mangala has been the chief disappointment after his £42million move from Porto but Fernando and Bacary Sagna have also made limited impact. But City were also constrained by restrictions imposed on them by European governing body UEFA for breaking Financial Fair Play rules. Free of the limitations of a £49million net spending cap they could make a greater impression in the transfer market this summer. Manchester City boss Manuel Pellegrini does not think he has fallen victim to a managerial ‘second-season syndrome’. Press Association