A 700sq m super-penthouse will be the crowning glory of a new $160 million tower called Pearl being constructed in Main Beach by longstanding Gold Coast developer Raptis.
Full article by realestate.com.au
Written by Lisa Hughes
Featuring 360-degree views of the hinterland and ocean, its own private pool and recreation area, high ceilings, an opulent library and flexible floor plan, Raptis is hoping the dual-level penthouse will set a new benchmark in luxury living and help to meet the market demand for boutique apartments along the city’s coastline.
Rising to 30 storeys on the corner of Main Beach Parade and Aloha Lane, Pearl will offer a choice of 80 apartments, with two-bedrooom units with hinterland views starting at
$749,000 and three-bedroom apartments with ocean views from $1.375 million climbing to $1.975 million for 12 sub-penthouses.
rices for the super penthouse and a further two 550sq m ‘sky homes’ have yet to be determined, but a recent penthouse sale in the Soul Building achieved a record $14,000 a square metre.
The project is the first for Raptis in Main Beach, which has delivered several landmark developments across Surfers Paradise, including the Hilton Surfers Paradise, Chevron Renaissance, and Platinum on the Beach.
Company founder Jim Raptis said they had been looking for the right location in the owner-occupier market where they could play a role in shaping the suburb.
“We’ve found it with Pearl, which we’re very excited to bring to Main Beach,” he said.
Mr Raptis said the current market was providing unique opportunities for buyers.
“Empty-nesters, wherever they are located, are achieving more for their homes at the
point of sale, providing them with the liquidity to secure a Main Beach lifestyle.
“It’s a great moment for the Gold Coast and we’re excited Pearl will offer a lifestyle many residents thought was out of reach,” he said.
Pearl residents will have access to top-notch pool and recreational facilities, skyline views, and a stylish dining area with a wine cellar available for private bookings.
Raptis joint managing director Evan Raptis said the Gold Coast had recorded strong price
growth against the backdrop of the pandemic.
“However, compared to the East Coast capitals, the Coast still offers discernible
value to buyers – especially for those that seek to elevate their lifestyle,” he said.
Preliminary ground work is already under way, with the project set to be delivered in August 2022.