HOMECORP lodge plans for $260 MILLION MOROCCAN BATHHOUSE – Budds Beach

WORDS: Ocean Road Editorial Staff PHOTOGRAPHY Supplied

A Moroccan-bathhouse residential game-changer has been unveiled for Budds Beach, with leading Australian developer Homecorp announcing plans for a $260 million resort-style project in one of the Gold Coast’s most tightly held waterfront precincts.

A development application has been submitted to the Gold Coast City Council for a 27-storey architectural landmark at 8-10 Acacia Avenue and 25-27 Oak Avenue, Surfers Paradise, marking one of the few new large-scale residential projects proposed for the precinct in more than a decade.

The project will comprise 156 luxury two- and three-bedroom residences, anchored by a residents-only Moroccan spa-inspired wellness sanctuary featuring private treatment rooms, a traditional Nordic sauna and steam room, hot and cold plunge pools and a curated juice bar. At the pinnacle is a resort-style rooftop precinct, complete with a heated infinity pool and spa, a residents’ lounge with a private kitchen and bar, a contemporary fitness centre with a yoga and Pilates studio, and outdoor BBQ areas with premium entertaining lounges.

“At Homecorp, we are driven by the pursuit of better – challenging expectations, thinking bigger and shaping communities that leave a lasting legacy. This project draws on our experience and expertise to take what the market has been craving to the next level – a home that nurtures wellness, calms the mind and lifts the everyday stresses away. A home is more than a place you live, it’s where you rest, reset and find balance,” said Ron Bakir, CEO and Founder of Homecorp.

Each residence is defined by a unique outlook, offering some of the Gold Coast’s most stunning vistas from the rolling waves of the city’s iconic surf beaches and the waters of the Nerang River at Budds Beach, to the sweeping expanse of the Hinterland.

“What sets this location apart is its rare, tightly held nature within one of the Gold Coast’s most vibrant lifestyle and entertainment precincts, yet quietly tucked away in a peaceful, beachside enclave. Budds Beach has remained exceptionally limited in supply over the past decade and this site presented an unmatched opportunity to deliver something truly special to both Surfers Paradise and the Gold Coast.”

Conveniently connected to major roads and the G:link, residents will enjoy easy access to Surfers Paradise, Broadbeach and Burleigh Heads, while still being just minutes from the city’s most iconic beaches and the Broadwater’s ‘golden mile’.

The 2130sqm site acquisition adds to Homecorp’s growing Gold Coast multi-storey portfolio on the Gold Coast, following the success of Eve Residences in Labrador upon its completion in November 2024. In 2025, Eve earned multiple national accolades and went on to win ‘Best Oceanview Condo Development’ in the Asia Pacific region at the PropertyGuru Asia Property Awards Grand Final, outperforming entries from more than 13 prestigious international markets.

The company also commenced construction last year on the highly anticipated $250 million second stage of Cienna Varsity Ridge, set to deliver 289 attainable residences by 2027 in the heart of Varsity Lakes, and launched the $210 million Florence Residences along Surfers Paradise’s Monte Carlo Avenue to the market, with construction kicking off last month.

“The property market is constantly evolving, particularly here on the Gold Coast, which continues to outperform national trends thanks to its unmatched lifestyle, natural beauty and growing infrastructure, especially ahead of the Brisbane 2032 Olympics. We are proud to be adding more homes to the skyline, creating spaces that are not only designed for liveability but also nurture wellness within. They are homes that are built to last a lifetime and beyond,” concluded Mr Bakir.

The project is set to launch to the market later this year.

About Homecorp

Homecorp is a leading Australian developer and home builder with over 20 years of experience constructing homes from the Capricorn Coast to South Australia. Owned by Prime Life Technologies, a Toyota and Panasonic company, Homecorp is dedicated to shaping communities and enhancing the standard of living across Australia, adding value to people’s lives. Our commitment to quality and innovation drives us to deliver a diverse range of residential options, from land estates to custom builds and multi-residential projects, fuelling our vision to develop inspiring communities of the future where people belong. With a shared passion for people, community, and continuous improvement, our collective expertise ensures exceptional outcomes in the property development and construction industry.

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