Supercars legend Paul Weel turns massive profit as he sells Gold Coast beachside mansion for $17million

Supercars champ Paul Weel has sold off his mansion on Queensland’s Gold Coast for an eye-watering $16.95million.

Located in the seaside suburb of Mermaid Beach, the sprawling four-bedroom, four-bathroom, two-level pad covers a double block and features amazing water views.

Built right on the ocean, the property boasts a stunning 12.4 metres of panoramic beach frontage.

Weel, 44, and his wife Emma bought the luxury resort style home in 2022 for $15.85million, reports The Courier Mail.

Highlights include a spacious open plan design with double-height ceilings, over-sized living spaces and an open-air entertainment deck.

Supercars champ Paul Weel has sold off his mansion on Queensland ‘s Gold Coast for an eye-watering $16.95million. (pictured)

Weel, 44, and his wife Emma bought the luxury resort style home in 2022 for $15.85million reports The Courier Mail. (both pictured)

Weel, 44, and his wife Emma bought the luxury resort style home in 2022 for $15.85million reports The Courier Mail. (both pictured)

There’s also a large kitchen with breakfast bar, a commercial cool room and an al fresco terrace.

Meanwhile, the master bedroom features a lavish dressing room and ensuite which includes a tub and bidet.

Other highlights of the home include a plunge pool and a private front yard on the beach front.

Located in the seaside suburb of Mermaid Beach, the sprawling four-bedroom, four-bathroom, two-level pad covers a double-block and features amazing water views

Located in the seaside suburb of Mermaid Beach, the sprawling four-bedroom, four-bathroom, two-level pad covers a double-block and features amazing water views

Meanwhile, the master bedroom features a lavish dressing room and ensuite which includes a tub and bidet

Meanwhile, the master bedroom features a lavish dressing room and ensuite which includes a tub and bidet

According to the report, Weel has been selling off his Gold Coast real estate portfolio over the last few years.

Last year, the racing champ off-loaded a Palm Beach spread for $10.2million.

And in 2021, the AMSCAR competitor scored $10.9million for his home in Carrara.

In his lengthy career as a race driver, Weel had 11 starts in the famed Bathurst 1000. He also raced Super trucks. 

Highlights include a spacious open plan design with double-height ceilings, over-sized living spaces and an open-air entertainment deck

Highlights include a spacious open plan design with double-height ceilings, over-sized living spaces and an open-air entertainment deck

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