Karl Stefanovic plans to keep Sunshine Beach retreat after failing to sell at auction

TV presenter Karl Stefanovic was hoping to bank around $3.5m profit in just two years when he put his stunning Sunshine Beach home on the market last month,

Now the Today show hosts reckons he is glad he didn’t come close.

The Seaview Terrace home, just a minute’s walk from the golden sands of the Sunshine Coast, Queensland beach, was listed with hopes of a $7.5m sale.

TV star Karl Stefanovic and his wife Jasmine couldn’t sell their Sunshine Beach home.

Stefanovic and his wife Jasmine Yarbrough bought Villa Isabelle for $3.6m in January 2020 and settled just before the Covid pandemic hit.

According to reports, the couple spent around $1m renovating the home to their taste.

But after spending just five weeks in the multi-level home that boasts five bedrooms and five bathrooms over the last two years, they decided to put it on the market in March.

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The home had $7.5m price hopes.

It’s just 200m walk to the beach.

Stefanovic and his young family have spent very little time at Villa Isabelle since they bought it two years ago.

However the home struggled to reach its price expectations and two weeks ago there was no sale when the property went to its midweek auction, attended only by registered local and interstate bidders.

Since then the home has continued its existence as a $3700 a night peak holiday season rental, after the European-inspired Noosa pad featured in Vogue magazine last year.

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Many of the rooms have ocean views.

That Karl ultimately couldn’t give up.

The home had remained quietly for sale, according to reports.

However it now seems Stefanovic has pulled it from market, after a giant pang of seller’s remorse.

The Australian reports, that with state borders now open again post-pandemic, Stefanovic and his young family are glad they weren’t able to sell it and now plan on spending two weekends a month at the home.

The family will now be spending more time in Queensland. Source: Instagram

“Karl has been very sanguine about it not being sold. The prospect of losing it has crystallised his belief that he needs to spend more time there. He loves the place,” The Australian reported a close friend of the family as saying.

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