Sherpa Property Group sells out of $35 million Perspective 488 at Palm Beach in three months

Sherpa Property Group has captured a wave ofdemand for luxurious residences along the Gold Coast beachfront at Palm Beachby achieving a sell-out of its $35 million Perspective 488 development withinjust three months of releasing it to the market.

The company, led by Queensland real estateidentity Christie Leet, has shown impeccable timing for locals looking to step upto a new level of costal living with Perspective 488 offering a unique blend ofseven luxurious full-floor apartments, a beach villa and three freehold beachhomes in an absolute beachfront location.

The development has captured the imagination ofPalm Beach & Burleigh Heads locals who comprise the majority of buyerschoosing to upgrade their lifestyles.

Perspective 488 beach homes sold for $4.1 -$4.5 million while full-floor apartments sold for more than $3 million each,highlighting the strength of upscale residences in prime locations on the GoldCoast.

The success of the project has prompted Mr Leetto progress plans for a sister project to Perspective 488, located on anadjacent site at 27th Avenue.

Sherpa plans to maintain the luxury theme withthis latest offering, details of which are expected to be released later thismonth.

“We’ve been blown away by the response toPerspective 488, which is encouraging as we prepare for our newest development,”said Mr Leet.

“From the outset we took an innovative approachto the Perspective 488 site to ensure it blended perfectly with the laid-back lifestylePalm Beach is known for. It’s especially rewarding for the Sherpa team to knowthat our vision has been so warmly received by our buyers and in particular bylocals.”

Located at 488 The Esplanade, residents ofPerspective 488 & Perspective Two Sea will enjoy a combined access to 50metres of beachfront and superb coastal vistas that can never be built out.

In a clear sign that the development met theexpectations of locals, all buyers, except for one interstate party, were PalmBeach residents looking to upgrade from their existing properties.

Mr Leet, formerly principal of PRD Whitsundays,is a property industry veteran, with a special eye for lifestyle buyers. He timedhis entry to the Gold Coast market perfectly three years ago by acquiring primedevelopment sites at Palm Beach to Cabarita.

“It was evident to me at the time that localbuyers had an appetite for a unique style of development that combined abespoke design with an unparalleled location – a recipe that defines theultimate in coastal living,” said Mr Leet.

“We’re pleased with the success of Perspective488 and look forward to bringing another unique offering in this pocket ofparadise.”

Perspective 488 is located within easy reach tothe heart of Palm Beach and to Burleigh’s cultural and restaurant scene. It isalso nestled close to Tallebudgera Creek and the natural beauty of the BurleighHeadland offering the best of everything the Gold Coast has to offer.

Sherpa has an extensive history of successful developmentsin the Whitsundays and Funnel Bay apartment and land sub-division.