A luxury home owned by a former mining magnate and rich lister on one of Noosa’s most prestigious residential streets has been gutted by fire.

Thick plumes of black smoke filled the air over Noosa on Monday morning as families descended on the Sunshine Coast hotspot on the first day of the school holidays.

A passerby reportedly raised the alarm after seeing smoke coming from the two-storey house on Noosa Parade, less than five kilometres from Hastings Street.

Fire engulfed the home about 10.30am.

It took seven firefighters, who arrived at the multimillion-dollar home at 10.40am, two hours to extinguish the blaze.

“By 11.40am, they had contained the fire to the ceiling void, and by 12.45pm it was extinguished,” a Queensland Fire Department spokesman said.

“It appears everyone was acco

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