Shafston International College founder Keith Lloyd has offloaded his Surfers Paradise apartment for $5 million.
Lloyd bought the 680 square metre garden apartment in the Ocean Isles complex on Main Beach Parade in 2011 for $4.96 million.
It has three ensuited bedrooms, a customised home office, entertainers bar, home theatre and a library.
The living space opens to a private swimming pool and spa.
Michael Kollosche and Duncan Longmore at Kollosche Broadbeach secured the sale.
It had traded higher in 2007 at $6.42 million.
It's been bought by the downsizing Tony Burnett and wife Toni Ferguson, who run TB Hotels
They sold their former Admiralty Drive, Surfers Paradise waterfront earlier this year for $7,975,000 to entrepreneur Tony Quinn.
This article was first published in the Weekend Australian.