Hinterland horse stud passed in for $8.25 million
UPDATE: It's not too late to have a crack at owning your own horse stud.
The massive Maleny estate 'Montana Park' has been passed in at auction on an auctioneer's bid of $8.25 million.
About 100 people turned up to the auction which had three bidders actively making a play for the property.
Ray White Buderim's Lew Pottinger said negotiations were now underway with the three bidders while there was also unconditional interest in the property from buyers currently overseas.
He said negotiations on properties of this size often took longer than typical residential homes and he expected a result to be locked-in by the end of the week.
Fancy yourself as trainer of the next Winx? Perhaps this Maleny manor is the one for you then.
Montana Park, a 42-hectare homestead at 236 Mountain View Rd, Maleny, is one of the region's finest homesteads and it's going under the hammer in a matter of hours.
The property has 12 bedrooms, 11 bathrooms and 10 car spaces and two Olympic dressage arenas.
A home theatre and resort-style pool are also jewels on the crown of the drought-proof property with its own stable complex and instructor's suite.
The main homestead is something that has to be seen to be believed.
More than 1800 sq m with four ensuited bedrooms and eight bathrooms, the built-in bars, home cinema and sunken lounge are all there to enjoy after a hard day at work.
If you've still got some energy left there's also a gym.
Previously marketed at just under $10 million, the current owners paid $7 million back in 2009 and have spent $4 million on the property over the past seven years.
At 2pm the home will go under the hammer, the auction sure to attract a crowd of cashed-up potential buyers.
Ray White Buderim's Lew Pottinger said there'd been "very good interest" in the property throughout the marketing campaign with international interest piqued.
"Primarily it is a horse stud, that's what it's designed for," Mr Pottinger said.
"It is certainly the best I've seen on the Sunshine Coast and we do have international interest in it."
Mr Pottinger said there was about 10 people qualified who'd shown interest in the property ahead of this afternoon's on-site auction.
"I hope the weather's kind to us and the crowd's well-behaved," Mr Pottinger said this morning as he prepared for the auction.