201-205 Monaco St, Broadbeach Waters has changed hands for a multi-million dollar figure.ONE of the Gold Coast’s biggest mansions, which had a price tag of $12.5 million, has sold in just three weeks.It is understood the property, at 201-205 Monaco St in Broadbeach Waters, changed hands in a cash sale.The deal involving a Taiwanese buyer was negotiated by Christopher Jones and Lisa Halpin of Savills Residential Gold Coast, who declined to confirm the contract price. “The Taiwanese buyer was looking for a home to suit his needs on the Gold Coast and, while the home will have a fulltime caretaker, it has been bought as a holiday home for his family,” Mr Jones said. “Monaco St has always been popular among buyers of this calibre and it’s always known to be tightly held.” 201-205 Monaco St, Broadbeach Waters. 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 ago201-205 Monaco St, Broadbeach Waters.Fitch Retail Investments boss David Fitch, head of one of South Australia’s most successful family business groups, bought the home with his wife Rachel in 2015. A grand foyer with sweeping staircases and chandeliers is a showpiece greeting visitors to the three-level waterfront residence.Poised on a 4001sq m block with a sweeping driveway, the luxury six-bedroom, eight-bathroom mansion includes a tennis court, pool, sports bar, games room, home theatre and office. The sale was prompted by Mr Fitch’s off-market purchase of Villa Cantarocco at 255 Monaco St.He reportedly paid a record $11 million for the purchase, which was negotiated by Kollosche Prestige Agents principal Michael Kollosche. 201-205 Monaco St, Broadbeach Waters. 201-205 Monaco St, Broadbeach Waters.