A riverfront mega-estate has changed hands in a hushed deal that smashed the suburb record for Brisbane’s blue-chip Yeronga.
51 Stevens St, Yeronga has sold
While the exact price and buyer details remain under wraps, the transaction is understood to be the city’s third-highest residential sale of 2026 to date.
The blockbuster deal sits only behind the landmark Teneriffe House, which sold for around $18.5m, and a prestige property on Kangaroo Point’s Scott St that fetched $14.75m.
The landmark property at 51 Stevens St attracted five formal offers, including one from a high-profile international billionaire, before being locked away at 9pm on a weeknight.
The sale price has not been disclosed, but has set a new record for the blue-chip suburb
Marketing agent Heath Williams, of Place New Farm, said a local family secured the keys following a surprise inspection by the global heavyweight who was ultimately hampered by logistics.
“He saw it once, but being based overseas, it ultimately came down to timing and process,” Mr Williams said.
The hush-hush result easily eclipsed Yeronga’s previous $9m house price benchmark, set in 2023 for the heritage-listed ‘Rhyndarra’ estate.
It’s previously been owned by a prominent property developer
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The property’s sheer scale drove the intense competition. Set across a mammoth 7,326 sqm of elevated riverfront land just 5.5km from the CBD, the trophy home has six bedrooms, six bathrooms, basement garaging for five cars, and more than 50m of direct water frontage.
Features include an 18m pool, full-size flood-lit tennis court, 9m pontoon and boat ramp, 600-bottle insulated wine room, a gym, sauna, and a self-contained au pair studio.
Features of the vast estate include an 18m tiled pool and tennis court
“You’re not just buying a home here; you’re securing a generational landholding,” Mr Williams said.
“There are very few opportunities left in Brisbane where you can acquire this much riverfront land, this close to the city, with that level of history behind it.”
The estate has had just four owners in its history, including prominent Brisbane developer David Devine, and last sold to the vendor for $3.3m in 1999.
The campaign drew heavy interstate and offshore interest, which accounted for half of all inquiries, including 30 per cent from international parties.
“At this level, it’s not a broad market; it’s a curated buyer pool, and results come down to relationships, network and knowing exactly who to match with each property,” he said.
PropTrack data shows house prices in Yeronga soared 32.8 per cent over the past 12 months, to a median of $1.9m.
A marble foyer crowned by glass creates a statement entry to the home
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