Walking in off the street
Gold Coast downsizers are flocking to new luxury high-rise tower Sea Palm Beach
HIGH-RISE developments can be tricky in some local communities — not so in Palm Beach.
It’s been less than two months since construction began on Sea Palm Beach, but already its developer BluePoint Property has reported the 13-storey building is at least 65 per cent sold.
BluePoint’s co-founder and director Marcus Dore said the development worked by ignoring the “common sense’’ of experts and instead tailoring itself to the needs of local downsizers.
“The most common buyer is a local person, a local downsizer,” Mr Dore said. “They know the site, they know the locational attributes. They walked in off the street and said they would love to buy one.”
While Mr Dore said many locals loved Palm Beach for its convenience, with everything from shops to cafes to the beach within walking distance, he said an important pointof-difference for Sea Palm Beach was two parking bays for two-bedroom apartments.
Another difference is the views, with apartments facing north or south instead of facing the ocean or the Gold Coast hinterland.
One-bedroom apartments are priced from $395,000 while the penthouse is from $1.4 million. A display suite is at 12 Seventh Ave, Palm Beach.