A villa project at 64 T E Peters Drive, Broadbeach Waters sold in a $7.1m deal.
A new villa project on the Gold Coast has obliterated price expectations with its jaw-dropping $7.1 million result.
Developer Gary Fraser designed the two three-level waterfront residences in Broadbeach Waters with liveability and practicality front of mind.
“I wanted it to be the type of property that I would happily live in myself,” Mr Fraser said. “It’s low maintenance, yet luxurious and there is no compromise.”
64b T E Peters Drive, Broadbeach Waters sold for $3.5m.
64b T E Peters Drive, Broadbeach Waters.
64b T E Peters Drive, Broadbeach Waters.
Kollosche’s Mitch Palmer and Gypsea Youngsmith marketed the villas at 64 T E Peters Drive — they sold to a local couple downsizing and a family from North Queensland.
Villa A sold for $3.6m within days of hitting the market while villa B sold at auction for $3.5m over the weekend.
“(It is) the highest price ever achieved for a dual occupancy development in the suburb at $7.1m,” Mr Palmer said.
“(The) previous record was held by a side-by-side waterfront development in Rebecca Court, Broadbeach Waters at $6.9m.”
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64b T E Peters Drive, Broadbeach Waters.
64a T E Peters Drive, Broadbeach Waters sold for $3.6m.
Mr Palmer said the villas were the first of their kind in the suburb to be built with lifts.
“This made them a true apartment alternative for those seeking a more low maintenance lifestyle, without losing the feeling of a home,” he said.
“The lifts also meant complete usability of all three levels and made them very attractive for downsizers wanting to get away from stairs in their own homes.
“The premium finishes were hand picked by an interior designer and the developer and builder worked tirelessly to ensure meticulous attention to detail delivered a very high standard of finish.”
64b T E Peters Drive, Broadbeach Waters.
64a T E Peters Drive, Broadbeach Waters sold for $3.6m.
The properties featured multiple living spaces, oversized bedrooms, and an outdoor entertaining area with pool.
The upper levels included a living area with built-in bar connected to a rooftop terrace.
Completed only weeks ago, the property is positioned in a central location within walking distance of cafes, restaurants, Pacific Fair, and Broadbeach.
64b T E Peters Drive, Broadbeach Waters.
64b T E Peters Drive, Broadbeach Waters.
Mr Palmer said the appeal of Broadbeach Waters and the property’s proximity to some of the Gold Coast’s best dining and shopping amenities also played a part in the result.
“With the Gold Coast apartment market going from strength to strength in recent years, developers of boutique dual occupancy builds need to understand the importance of opening up their product to downsizers and future proofing them with internal lifts,” he said.
The highest ever recorded sale in Broadbeach Waters is $16.5m for a mega mansion at 87-89 Monaco St, Broadbeach Waters.
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