PALM SHORES SURGES TO 50% SOLD IN JUST FOUR WEEKS

Gold Coast developer 5Point has secured a major milestone at its $80 million Palm Shores development in Palm Beach, with 50% of residences sold during their 4 week pre-launch campaign.

The rapid sales highlight 5Point’s established presence and reputation with local downsizers and interstate buyers seeking high-end beachfront living in one of the Gold Coast’s most sought-after locales.

Positioned at 171-173 Jefferson Lane, Palm Beach, the $80 million project follows the success of the developer’s Ophira project, continuing 5Point’s established reputation for delivering exceptional beachfront residences over the last 10 years.

Damian Dove, Director of 5Point Projects, said the strong sales momentum reflects the developer’s longstanding commitment to Palm Beach and the area’s status as a premier destination for luxury beachfront living.

“Palm Shores embodies our passion for creating residences that reflect the distinctive essence of Palm Beach while exceeding the expectations of discerning buyers,” said Mr Dove.

“Palm Beach has cemented itself as one of the Gold Coast’s most sought-after suburbs, known for its vibrant dining scene, pristine coastline, and proximity to major transport hubs like the Gold Coast Airport.

“With limited absolute beachfront development opportunities remaining, Palm Shores presents a rare chance for buyers to secure a luxury residence in this highly coveted location.”

Mr Dove also highlighted the diversity of buyers as a key indicator of the area’s growing appeal.

“Local downsizers are embracing the opportunity to trade expansive family homes for luxurious, low-maintenance beachfront living, while interstate buyers are drawn to the seamless blend of coastal charm and sophisticated amenities that Palm Shores offers.”

The prestigious development features 16 meticulously crafted residences across nine levels, as well as two exclusive four-bedroom beach homes with direct beach access.

Every detail of Palm Shores has been carefully considered, from its natural stone and timber finishes to high-end appliances from Gaggenau and Brushed Bronze fittings, ensuring each residence embodies coastal sophistication.

Designed in collaboration with award-winning Plus-Architects, the project offers a rare opportunity to own a slice of absolute beachfront living, with 20 meters of beach frontage and a suite of premium amenities, including rooftop pools, barbecue areas, and exclusive resident facilities.

“We’ve always been inspired by Palm Beach’s unique charm, and this project reflects our unwavering dedication to the area,” Mr. Dove added.

Construction of Palm Shores commenced earlier this month, with completion anticipated for October 2026.