SHERPA PROPERTY GROUP sells out of $35 Million PERSPECTIVE 488 at PALM BEACH in three month

WORDS: PHOTOGRAPHY

Sherpa Property Group has captured a wave of demand for luxurious residences along the Gold Coast beachfront at Palm Beach by achieving a sell-out of its $35 million Perspective 488 development within just three months of releasing it to the market.

The company, led by Queensland real estate identity Christie Leet, has shown impeccable timing for locals looking to step up to a new level of costal living with Perspective 488 offering a unique blend of seven luxurious full-floor apartments, a beach villa and three freehold beach homes in an absolute beachfront location.

The development has captured the imagination of Palm Beach & Burleigh Heads locals who comprise the majority of buyers choosing to upgrade their lifestyles.

Perspective 488 beach homes sold for $4.1 – $4.5 million while full-floor apartments sold for more than $3 million each, highlighting the strength of upscale residences in prime locations on the Gold Coast.

The success of the project has prompted Mr Leet to progress plans for a sister project to Perspective 488, located on an adjacent site at 27th Avenue.

Sherpa plans to maintain the luxury theme with this latest offering, details of which are expected to be released later this month.

“We’ve been blown away by the response to Perspective 488, which is encouraging as we prepare for our newest development,” said Mr Leet.

“From the outset we took an innovative approach to the Perspective 488 site to ensure it blended perfectly with the laid-back lifestyle Palm Beach is known for. It’s especially rewarding for the Sherpa team to know that our vision has been so warmly received by our buyers and in particular by locals.”

Located at 488 The Esplanade, residents of Perspective 488 & Perspective Two Sea will enjoy a combined access to 50 metres of beachfront and superb coastal vistas that can never be built out.

In a clear sign that the development met the expectations of locals, all buyers, except for one interstate party, were Palm Beach residents looking to upgrade from their existing properties.

Mr Leet, formerly principal of PRD Whitsundays, is a property industry veteran, with a special eye for lifestyle buyers. He timed his entry to the Gold Coast market perfectly three years ago by acquiring prime development sites at Palm Beach to Cabarita.

“It was evident to me at the time that local buyers had an appetite for a unique style of development that combined a bespoke design with an unparalleled location – a recipe that defines the ultimate in coastal living,” said Mr Leet.

“We’re pleased with the success of Perspective 488 and look forward to bringing another unique offering in this pocket of paradise.”

Perspective 488 is located within easy reach to the heart of Palm Beach and to Burleigh’s cultural and restaurant scene. It is also nestled close to Tallebudgera Creek and the natural beauty of the Burleigh Headland offering the best of everything the Gold Coast has to offer.

Sherpa has an extensive history of successful developments in the Whitsundays and Funnel Bay apartment and land sub-division.