Weekend Gold Coast Bulletin
PROJECT A REAL PEARLER
A 700sq m super-penthouse will be the crowning glory of a new $160m tower called Pearl being constructed in Main Beach by longstanding Gold Coast developer Raptis.
Featuring 360-degree views of the hinterland and ocean, its own private pool and recreation area, high ceilings, an opulent library and flexible floor plan, Raptis is hoping the dual-level penthouse will set a new benchmark in luxury living and help to meet the market demand for boutique apartments along the city’s coastline.
Rising to 30 storeys on the corner of Main Beach Parade and Aloha Lane, Pearl will offer a choice of 80 apartments.
Two-bedrooom units with hinterland views start at $749,000, while threebedroom apartments with ocean views can be picked up from $1.375 million. Twelve sub-penthouses are also available from $1.975 million.
Prices for the super penthouse and a further two 550sq m “sky homes” have yet to be determined, but a recent penthouse sale in the Soul building achieved a record $14,000 a square metre.
The project is the first for Raptis in Main Beach, which
has delivered several landmark developments across Surfers Paradise, including the Hilton Surfers Paradise, Chevron Renaissance, and Platinum on the Beach.
Company founder Jim Raptis said they had been looking for the right location in the owner-occupier market where they could play a role in shaping the suburb.
“We’ve found it with Pearl, which we’re very excited to
bring to Main Beach,” he said.
Mr Raptis said the market was providing unique opportunities for buyers.
“Empty-nesters, wherever they are located, are achieving more for their homes at the point of sale, providing them with the liquidity to secure a Main Beach lifestyle.
“It’s a great moment for the Gold Coast and we’re excited Pearl will offer a lifestyle many residents thought was out of reach,” he said.
Pearl residents will have access to top-notch pool and recreational facilities, skyline views, and a stylish dining area with a wine cellar available for private bookings.
Raptis joint managing director Evan Raptis said the Gold Coast had recorded strong price growth against the backdrop of the pandemic.
Preliminary ground work is already under way, with the project set to be delivered in August 2022.