$31 million debut for Seaclusion amid strong demand for coastal living at Palm Beach
WORDS: Madison Cooper PHOTOGRAPHY Supplied
Seaclusion, a $55 million boutique development at Palm Beach, has made a stellar debut to the market with more than half of apartments secured within a month of release, underpinned by the continued strength of the southern Gold Coast property market.
$31 million worth of apartments have been secured in the project, with more than 80 per cent of the buyers securing apartments being owner occupiers, reflecting demand for prime coastal residences close to the beachfront.
Seaclusion, located at 4 Twenty First Avenue, will rise on a 1,200sqm site that has been held by the Dorr family for three generations.
The site currently houses a Queenslander that was built by the family’s grandfather, but the Dorr family will continue to maintain their generational ties to the site by retaining a selection of Seaclusion apartments for themselves.
With over half of the apartments secured in Seaclusion, demand has been buoyed by a diminishing availability of new apartments at Palm Beach amid a tightening pipeline of supply across the Gold Coast market.
Seaclusion comprises 40 coastal apartments set over nine storeys delivering a collection of designs in one-, two- and three-bedroom configurations. One-bedroom apartments are priced from $695,000, while two-bedroom apartments from $950,000, and three-bedrooms from $1.495 million.
Jayde Pezet, director of sales and marketing agency Pezet Matheson, says local buyers have been among the key drivers of demand at Seaclusion.
“Many of our buyers are from local community who have recognised that supply is extremely limited in Palm Beach and unlikely to change in the near term,” said Mr Pezet.
“We’ve seen a number of projects planned for Palm Beach and the broader Gold Coast recently shelved, and that has led to some really positive inquiry for Seaclusion from this cohort of buyers.
“The dominance of owner-occupiers reflects both the quality and value being presented by Seaclusion in this prime location, which is just 40 metres from the beach and a short walk to the café and dining precinct in the Palm Beach village centre.”
A total of 25 apartments have been secured in Seaclusion, more than half the 40 apartments proposed in the development.
Designed by award-winning architects BDA Design, Seaclusion has been optimised for the coastal lifestyle with a range of exclusive residents-only amenities including beach showers and sand washdown areas on the ground floor and a spectacular rooftop recreation space complete with a pool, day beds and barbecue area offering panoramic oceanfront views.
The majority of Seaclusion’s apartments will have either an easterly or northerly aspect to maximise sweeping views of the Pacific Ocean, the Burleigh headland and beyond to the Surfers Paradise skyline.
Apartment views will be captured by floor-to-ceiling glass windows while spacious balconies will create alfresco spaces designed to enhance indoor-outdoor living in the heart of Palm Beach.
For more information, visit https://www.seaclusionpalmbeach.com.au/