Palm Beach family developer brings 40 beachside units to the market on the site of its 70 year old home
A local family developer is taking a shortage of quality Palm Beach residences into their own hands, converting their family home of 70 years into a collection of 40 contemporary residences set just 40m from the Palm Beach beachfront.
The $55 million development, ‘Seaclusion’, will rise from a 1,200sqm site at 4 Twenty First Avenue which has been in the Dorr family for three generations since the grandfather first built the robust Queenslander still occupying the site today.
The mid-rise tower has today hit the market with immaculate timing amid a rapidly shrinking supply of residences in the Palm Beach precinct.
Seaclusion has released to market 40 coastal apartments over nine storeys, comprising 7 x 1 beds, 19 x 2 beds, and 14 x 3 beds.
1-bedroom apartments are priced from $695,000; 2 beds from $950,000; and 3 beds from $1,495,000.
Optimised for the coastal lifestyle, Seaclusion will be grounded by residents’ only beach showers and sand washdown areas and crowned by an indulgent rooftop recreation space complete with a pool, day beds and BBQ area to take in the panoramic oceanfront views.
Over 80% of the building’s apartments will have either an easterly or northerly aspect to maximise sweeping views of the Pacific Ocean, verdant Burleigh headland and distant Surfers Paradise skyline.
The development family will be retaining a selection of Seaclusion apartments themselves, ensuring the family’s local legacy of 70 years can be continued.
“This is an area very close to the Dorr family’s heart, so it was important their family could continue to share in its charm for years to come,” said Jayde Pezet, Director of Pezet Matheson, the company undertaking the sales and marketing of Seaclusion.
“Given the difficulty for prospective homeowners to join the Palm Beach community, the family realised their home on Twenty First Avenue was a prime opportunity to create something of significance, not only for their loved ones, but for a new generation of Palm Beach locals.
“Seaclusion will be the epitome of everything desirable from a beachside oasis, only footsteps away from the shoreline and surrounded by world class views in each direction.
Targeted at local and interstate owner occupiers, the project is poised to provide some reprieve to the constricting supply of residences across the Gold Coast.
“There have been very few new projects launched to market this year, making it next to impossible to secure new product in Palm Beach,” said Todd Matheson, Director of Pezet Matheson,
“Seaclusion has stepped in to fill a major gap in the marketplace for high quality residences, set in the dream beachfront location, accompanied by all the necessary amenities to enhance coastal living.”
Local Gold Coast design studio BDA Architecture has been appointed to devise a contemporary coastal design for the building which will be nestled squarely between popular family swimming spot Tallebudgera Creek, and the cafes and restaurants of the vibrant Palm Beach village centre.