Billionaire puts rainforest paradise $6m up for sale after his dreams of building an extreme adventure park with a 2.3km zip line, a luge course for speeding down a mountain and a 14km 4WD track are ruined
- Sprawling rainforest property nestled in the Tallebudgera Valley hits the market
- The property is owned by Chinese billionaire and property developer Riyu Li
- Mr Lu once dreamed of adding a zip-line, a luge and a 4WD race track to the site
- Council rejected the proposal prompting the developer to abandon the project
A sprawling rainforest property owned by a Chinese billionaire has hit the market after his dream to transform it into an adventure park was dashed.
Property developer Riyu Li bought the 162 hectare property for $3.5 million back in 2016 through one of his investment firms.
The nature retreat is nestled deep in the Tallebudgera Valley on the Gold Coast, just a 35-minute drive from Surfers Paradise or Coolangatta airport.
A sprawling rainforest property nestled in the Tallebudgera Valley on Queensland’s Gold Coast has hit the market with an asking price of $6million
The hinterland enthusiast dreamed of transforming the property into a wellness retreat and extreme adventure park to host visiting tourists.
His plans would have seen the addition of a 2.3km zipline, a luge for speeding down the Tallebudgera mountain, and a 14km 4WD track.
But the billionaire’s dreams for the retreat were ruined when the Gold Coast City council denied his proposal and Mr Li was forced to abandon the project.
Instead he decided to part ways with the expansive land for a reduced asking price of $6 million.
The property was previously owned by Chinese billionaire and property developer Riyu Li, who had dreams of converting the site into a extreme adventure park
The mountaintop property boasts 360 degree views of the entire Gold Coast coastline as well as glimpses of Moreton Bay Island and the Byron Bay lighthouse.
Principal at Raine & Horne Broadbeach Debbie Frizelle described the property to Daily Mail Australia as a ‘lush, untouched tropical rainforest’.
The listing defines the property as ‘162 hectares of pristine rainforest with superb stands of palms, waterfalls and streams, together with a broad range of native flora and fauna’.
‘There is a 4WD track to the top of the mountain and about 14km of gently descending trails throughout the rainforest highlighting points of interest and many of the giant majestic trees which are to be found on the property,’ it reads.
The lush property is complete with natural waterfalls and streams and is home to a range of native flora and fauna, including koalas
‘Majestic sheer cliffs rise approximately 250m perpendicularly from the forest at the base of the mountain, offering the opportunity for abseiling to those experienced in the sport.’
Improvements to the property include a 425sqm machinery shed, 20kW of solar power, a 650,000 rainwater tank, two timber cottages, and a laboratory building.
The home on the property has two bedrooms, two bathrooms, and a garage with space for six vehicles.
The listing also includes five hectares of cleared space at the top of the Tallebudgera Mountain, an ideal landing spot for any incoming helicopters.
The mountaintop property has 360 degree views of the entire Gold Coast coastline, as well as glimpses of Moreton Bay Island and the Byron Bay Lighthouse
Earlier this year, Mr Li put his Tallebudgera Valley mansion, Bellagio La Villa, which he has owned since 2014, on the market for an asking price of $50 million.
The sprawling 49 hectare property was compared to a grand European estate, complete with 10 bedrooms, an indoor swimming pool, and two horse stables.
The billionaire is one of the largest property developers in China’s Guangdong province and has been operating in Australia for over 20 years.
Earlier this year Mr Li put his 49 hectare mansion Bellagio La Villa (pictured) on the market for an asking price of $50million