Millionaire Greg Coffey selling ‘rarely utilised’ luxury Gold Coast apartment

This Surfers Paradise holiday home is owned by millionaire Greg Coffey, also known as The Wizard of Oz.

AUSTRALIAN hedge fund manager Greg Coffey is selling his luxury Surfers Paradise apartment.

The UK-based businessman, known as The Wizard of Oz, and his partner Ania splashed $5.1 million on the brand-new beachfront pad in 2011.

It has now been listed for the first time as a “surplus holiday home, rarely utilised” with the “overseas seller moving on.”

Coffey and his wife have $6.6 million price hopes for the five-bedroom, five-bathroom apartment, which is in the Jade building at 16/35 Northcliffe Tce.

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The five-bedroom apartment is part of the Jade building at 16/35 Northcliffe Tce, Surfers Paradise.

Hedge fund manager Greg Coffey at the EuroHedge awards ceremony in 2008.

Coffey has an estimated worth of almost $460 million and retired in 2012 at just 41-years-old.

He has been based in London for the past two decades.

His nickname from the fantasy musical came after his early success and stellar returns during his time at GLG Partners, now Man GLG, which has offices across the world.

Following his triumph, he had a stint at New York-based Moore Capital Management and after a six years in retirement he launched a new fund, Kirkoswald Capital Partners LLP, in 2018.

Coffey’s “surplus holiday home” has a $6.6 million price tag.

It’s the first time the luxury apartment has been offered to the market since it was built.

His 584sq m holiday home sprawls across two levels, plus a garage basement, and features a plunge pool, deck and grassed area that leads directly to the beach.

Highlights include the opulent main bedroom, which features a spa, steam room and bar, while a neutral colour palette and fixtures and fittings from around the world emphasise the beachfront lifestyle on offer.

The property is being sold through Tolemy Stevens of Harcourts Coastal, who declined to comment on the listing.