This article is from the Australian Property Journal archive
QUEENSLAND developer Marquee Development has snapped up the largest remaining absolute beachfront development site on the Gold Coast.
The 3,304sqm property at 1293 Gold Coast Highway in Palm Beach boasts over 40 metres of director beach frontage and is earmarked for development into Marquee’s 11th Gold Coast apartment project in the last eight years.
The property was once partially owned by by world motorcycle racing champion Mick Doohan and more recently wholly owned by Gold Coast business magnate, the late Joe Calabro and his wife Roma.
“This is a unique property and we are looking forward to respecting the legacy of the Calabro family with our team of experts crafting a collection of luxury coastal residences with world-class amenity at the site. We are aiming to deliver the most premium, new absolute beachfront development on the Gold Coast,” said Jacques Winterburn, director at Marquee.
“This was a rare opportunity to purchase such a large absolute beachfront site on the Gold Coast where residents can walk straight onto the sand without crossing a road or pedestrian pathway. It is also located next to a community surf lifesaving club, offering a year-round patrolled beach directly out the front of the luxury apartments.”
Marquee will release the project in April this year, with the developer also completing four additional luxury apartment buildings on the Gold Coast over the first half of 2024.
“We continue to receive strong demand from buyers desiring premium owner occupier beachfront apartments either as downsizers or people seeking a second home,’’ said Azura Griffen, sales and marketing director at Marquee.
“Because we have built a significant track record of recent projects on the Gold Coast, the buyers have confidence in purchasing off the plan from our business, knowing that while it is a challenging construction market, we always deliver for them,’’ added Griffen.
“As a business we have been searching for the next opportunity and this new site at Palm Beach will allow us to deliver something very special.”
The Palm Beach project is already receiving strong levels of enquiry, despite not being officially launched until next month.
“Many locals have been waiting for it to come to be available due to the size of the land and location, which will result in enhanced views, privacy and natural light for the future residents,’’ concluded Griffen.
