Foundation Penthouse Gift to be Auctioned for Charity

Thursday 21 July 2022

The multi-million-dollar beachside penthouse, donated to the Royal Brisbane and Women’s Hospital Foundation by a Sunshine Coast Grandparents Keith and Glenda Drake, will go under the hammer through Place Projects on August 6, 2022.

The Maroochydore apartment was a generous gift from Keith and Glenda who have been long supporters of the RBWH Foundation.

The couple moved from the penthouse to an acreage property five years ago with their 57-year-old son who is severely disabled with quadriplegia cerebral palsy, requiring round the clock care.

“Glenda and I are very much aware of the importance of medical research and science,” said Keith.

“Your most important asset is your health. If you lose your health, you have nothing, and without the benefits of science, my family could have lost Glenda to diabetes and Neville to his condition.”

Mr Drake, who operated Drake Homes and Pryde Timbers with the assistance of his family for many years, purchased the Maroochydore two-storey home for $2.75 million in 2006.

The Maroochydore home is three times the size of an average house, stretching across 670m2, with incredible panoramic views.

“When you walk through the doors, the views will take your breath away,” selling agent, Bruce Goddard, from Place Projects said.

The agent and his team from Place Projects are also donating their commission.

“This stunning beachside penthouse also comes with a rooftop pool and sauna; if it were on the market in Melbourne or Sydney, it would sell for more than $20 million, so I think a buyer will find great value in this lifestyle home,” he said.

RBWH Foundation CEO, Simone Garske, said the RBWH Foundation was incredibly grateful to the Drakes for their generosity.

“The funds from the sale have already been committed to the establishment of the Herston Infectious Diseases Institute, a multi-million-dollar program to develop treatment and management of pandemics, now and into the future,” Ms Garske said.

She said it was Mr Drakes desire to have the funds support COVID-19 research.

“We know most people are COVID-19 fatigued, but it is still significantly impacting lives. A new strain has been discovered in Victoria and it is incredibly important that we continue research so we can make informed decisions that protect lives and the Australian way of living,” Mrs Garske said.

“COVID-19 has proven every part as bad as we thought,” said Keith.

“The effects of the pandemic have been dramatic and it’s still having a very serious effect on a lot of people in Australia.

“Additional funding won’t go astray to make sure that we don’t run short of resources to fight this.”

The penthouse last went to auction in May 2020 but was passed in when interest was quelled due to state border lockdowns at the beginning of the pandemic.

The Penthouse
This grand dame dual-level penthouse is minutes from the golden sands of Maroochydore Beaches.

Occupying the top two levels of the renowned Melrose on Fifth complex, the apartment commands 360-degree views of Maroochydore Beach, the Mooloolaba Lighthouse and Mount Coolum and the hinterland beyond.

This four-bedroom prestige property also includes a home theatre, sauna, wine cellar, 3 living areas and spectacular views from the multiple balconies.

Complementing this beautiful setting, sophisticated details such as bamboo oors, lofty ceilings, curved walls, plantation shutters, bi-fold doors and full- height glass feature throughout.