Marquee Development Partners’ luxury La Belle apartments in northern Palm Beach has made a stunning debut to the Gold Coast market with more than $100 million in sales achieved less than two weeks after its launch.
In a testament to the ongoing strength of the southern Gold Coast market, La Belle Palm Beach has become the city’s fastest selling project of 2024 with sales prices ranging from $2.5 million to $7 million to date.
Marquee’s Director Jacques Winterburn said the sales reflected an unyielding demand for the rare, absolute beachfront apartments in Palm Beach from predominantly southern Gold Coast locals.
“It’s a remarkable outcome for Marquee, our 11th and most impressive project to date. The response has been overwhelming but expected. To receive over 1000 inquiries before launch underscores the considerable demand for this project and location,” said Mr. Winterburn.
“The majority of buyers have emerged from the Palm Beach and southern Gold Coast, with some from Brisbane, Sydney and Melbourne”.
“Buyers have loved the layouts, uniqueness of the absolute beachfront position and the amenities package reflective of the large beachfront site – more than 3,300 square metres with over 40 metres of absolute beach frontage – which we are spending more than $10 million enhancing with world-class amenities.
Significant interest has also been observed from buyers in Burleigh Heads, with many looking to transition from esplanade-front properties to absolute beachfront residences in the serene northern Palm Beach area while still staying connected to Burleigh.
Many purchasers are local business owners downsizing or for use as lock and leave apartments.
“Interestingly, a number of purchasers work within the property and construction sector which shows how unique the project is and exemplifies the quality Marquee deliver,” said Mr Winterburn.
La Belle Palm Beach will rise 14 levels, offering a total of 75 premium beachfront apartments in three-, four-, and five-bedroom layouts.
Residences will feature living spaces ranging from 150 sqm to 680 sqm, tailored for the discerning owner-occupier market of the thriving Gold Coast.
Leveraging the expansive site, Marquee has integrated a series of five double-storey beach homes into the La Belle Palm Beach development, featuring spacious living areas of up to 388 square meters.
“The speed at which La Belle Palm Beach has reached this sales milestone demonstrates the pent-up demand for premium beachfront residences in this coveted locale where buyers feel they can enjoy a peaceful beach setting, yet be within walking distance to retail offerings of Palm Beach and Burleigh Heads,” said Azura Griffen, Sales Manager at Marquee Development PartnersBottom of Form
“Every apartment boasts a considerable ocean frontage, allowing us to create stunning protected ocean views from both the living and dining areas, as well as the Master bedrooms.
La Belle Palm Beach promises a diverse array of upscale amenities, including a heated outdoor pool and spa, multiple teppanyaki dining bars, and a resident’s lounge equipped with a billiard room, bar, and large screen TV for gatherings.
Additionally, the development will boast a wellness centre featuring a state-of-the-art gymnasium, yoga and Pilates room, Nordic and Infrared saunas, indoor hydrotherapy hot pool, and two cold plunge immersion baths. Complementing these features is a 5 star hotel-style lobby with Porte cochère drop off, an arrival lounge and fully equipped private offices, catering to work-from-home needs.
“Our team has spared no effort in ensuring that every aspect of La Belle Palm Beach reflects the epitome of luxury coastal living. From the expansive living spaces to the meticulously curated amenities, we’ve created an environment that exceeds even the highest expectations”, said Mr. Winterburn.
Construction of La Belle Palm Beach is anticipated to commence in June 2024.
