The property, which holds DA approval for 14 new apartments, sold for $3,650,000, setting a new benchmark for the area.
The standout campaign generated 82 enquiries and 11 formal offers at the close, underscoring the exceptional demand for high-quality development opportunities in the tightly held northern Gold Coast precinct.
“This result marks a turning point for development activity in Paradise Point,” said Jackson Rameau.
“The level of enquiry we saw, particularly from interstate developers and landbankers, was unprecedented for this pocket. It’s a real sign of confidence in the future of the suburb.”
The successful buyer is a Sydney-based developer who is now considering moving forward with the site’s existing development approval for 14 boutique apartments, which would bring a new style of luxury living to Paradise Point.
“The buyer was attracted to the area’s long-term value and lifestyle appeal,” Mr Rameau said. “With demand for premium apartment living growing, Paradise Point is perfectly positioned for a new era of residential development.”
The local seller strategically chose to appoint a commercial agent to ensure broader market exposure, not just from local residential buyers but also from national developers and strategic investors.
“In hindsight, the seller’s decision to appoint a commercial agent was key to the success of the sale,” said Mr Rameau. “Had we not brought in multiple interstate parties, they could have potentially missed out on hundreds of thousands in value. It was the right move and clearly paid off.”
This deal sets a new high-water mark for Paradise Point, both in price achieved and the scale of interest, and sets the stage for future apartment development in one of the Gold Coast’s most desirable coastal suburbs.
