Luxury villa just 120m to the beach

THIS brand-new Mermaid Beach villa is priced well below replacement value, according to Kollosche Broadbeach agent Eoghan Murphy.

On the market for offers over $3.25m, Mr Murphy said 1/20 Petrel Ave was one of the best value properties available in Mermaid Beach right now.

“As cost of entry has skyrocketed alongside build costs, we are currently priced well below replacement,” Mr Murphy said.

“Your buying opportunity sits at least 10-15 per cent below where I believe it should be.”

The four-bedroom, three-bathroom villa is set across five sophisticated levels just 120m from the sand.

The top two levels are devoted to entertaining, with a private rooftop oasis featuring panoramic ocean and hinterland views, with a kitchenette and powder room.

Level two houses three large bedrooms with an executive-level master suite.

On the ground floor you’ll feel luxury holiday resort vibes with stacker doors connecting to an outdoor entertaining area featuring statement stone and a plunge pool.

There is a six-car garage and the option to take internal stairs to get around or use the four-person private lift if desired.

The kitchen is sleek and well-appointed with Silestone Ethereal Glow Island bench, Bosch appliances, an integrated Miele dishwasher and walk-in-pantry.

The ensuite to the main is a showstopper, with timber batton screening, a black and white freestanding bath, and bold finishes.

Features include 3.3m ceilings, floor-toceiling glass doors, American oak timber floors, pendant lighting, and a rumpus room on the third level with courtyard access, kitchenette, Vintec fridge and powder room.

There is a video intercom, security camera and climate-controlled air conditioning throughout.

The basement garage includes an electric charging station and plenty of storage.

Luxurious and new, the villa is now available through Kollosche Broadbeach for offers over $3.25m.