Southern Gold Coast’s largest penthouse hits market with $16.75 million price tag

The most elevated penthouse ever witnessed on the southern Gold Coast has arrived on the market in a magnificent display of ocean panoramas and sweeping luxury set upon the shoreline of the exclusive Kirra Point.

Priced at $16.75 million, KTQ Group’s Miles Penthouse will offer a single opportunity for one aspirational buyer to secure this 760m2 split-level penthouse home, complete with a bespoke rooftop entertaining deck and private pool.

More than two years in design this custom penthouse guarantees the buyer isn’t just buying a residence, they’re buying an elevated lifestyle.

Comprising five ensuited bedrooms, a state-of-the-art gymnasium, home office, three separate living areas, study, and a myriad of functional inspiring spaces, the sprawling floor plan will showcase the pinnacle of open plan living in a free-flowing space filled with natural light that connects the heart of the home, kitchen, bar, living and dining.

The sky-high masterpiece will crown the collection of 118 residences within Miles, all of which vanished from the market within just months of their 2020 release.

“We purposely held back the release of this penthouse as it has been our passion to take advantage of this incredibly rare opportunity and create something of distinction overlooking Kirra beach,” said Jeremy Holmes, Development Director of KTQ Group.

“There will never be another penthouse of this calibre and position on the southern Gold Coast.”

The generosity of space and considered functional living is amplified by soaring ceilings, with large server’s spaces, butler’s pantry, wine storage and back of house for staff, complete with a full entertainer’s kitchen on the rooftop terrace.

Grand architectural details set the stage for moments of surprise and delight, from the spectacular sculptural 4.6 metre long kitchen island centrepiece to the private lift waiting to whisk you up to the rooftop terrace to the cool coastal take on a traditional mudroom; a sandroom to shake off those long salty days.

The streamlined rectilinear design of the penthouse creates a minimalist style, there’s a touch of European aesthetic and the design incorporates modern elements that make it inspiring and liveable.

An exclusive collection of European appliances has been hand selected with the buyer in mind, including appliances from Gaggenau, Sub-zero and Eurocave.

“No detail has been overlooked, this penthouse contains every consideration for elevated coastal living including a secure 7 car garage with storage.” said Mr Holmes.

The penthouse collection was initially devised as a duo; however, the second penthouse has been retained by KTQ Group Directors Peggy and Brian Flannery.

“We fell in love with the ambitious design of the penthouse, it became a passion project for us to devise the most indulgent home we could envision, and once we witnessed the finished product, we found ourselves too enamoured to give it up,” said Peggy Flannery.

“Such a remarkable destination demanded an equally scintillating residential offering, and so the penthouse was born from a desire to elevate the greatest natural assets on offer in Kirra.

The views on offer are some of the most remarkable vistas available on the coast, incapable of being repeated in any other development.

To the north and east, the penthouse residents can gaze along the famous Kirra to Snapper super-bank and across the sweeping bay to the glittering Surfers Paradise skyline. Southerly vistas over Kirra Hill take in Fingal Head and beyond to the green pastures and rolling hills of the Northern Rivers.

Tim Keenan, of Keenan and Co which has marketed Miles Residences, says prospects from around Australia have been aware the penthouse was coming to market.

“We’ve had some approaches from groups mindful that we would bring this to the market at some point, so there is definitely some keen interest,” said Mr Keenan.

“It really is an incredible, once in a lifetime offering and we expect very keen interest in the coming weeks.”

Construction on Miles Residences is currently underway, with construction of the crowning penthouse due for completion in mid-2023.