Katie Page sells NSW Tweed Coast beachfront investment
Retail executive Katie Page has sold her NSW Tweed Coast beachfront investment property.
And just north of the border marketing has kicked off on her Main Beach residential development on the sandy Gold Coast beach.
The Harvey Norman CEO sold the modern Kingscliff home for $2,675,000 through Mason Graham at Coastal Real Estate Group.
Page was one of the first on the exclusive North Point Avenue enclave which fronts the beach, paying $775,000 for the vacant 657 sqm parcel back in 2004.
She commissioned multiple Australian Architect of the Year Virginia Kerridge to design the five bedroom home.
With around 420 sqm living space, there's a private entertaining area with large covered natural timber deck and 12 metre lap pool.
Kerridge used organic materials throughout such as extensive timber flooring and wood panelling.
Sandstone was used for the two-way fireplace and the built-in barbecue.
The parent's retreat comes with extensive custom cabinetry, a dressing room, palatial ensuite and private deck.
North Point Avenue is the millionaire's row of Kingscliff, but ever since the global financial crisis homes have taken a while to shift.
Page waited a patient 320 days on its latest marketing campaign, however since its initial 2008 listing it has spent over 550 days on and off the market.
A few doors along, a four bedroom home with pool has been on the market since October 2015.
Page, who is one of Australia's longest serving CEO's having been at the top at retailer Harvey Norman since 1999, maintains a presence in the NSW north coast.
She holds onto a Suffolk Park beachfront rental that cost $2.5 million in 2006.
Page was clearly impressed with the work done on the Kingscliff beach home as she commissioned Virginia Kerridge to design her exciting new M3565 apartment project at Main Beach.
Recently completed, the seven apartment tower at 3565 Main Beach Parade was built and designed to achieve a 5 Star Green Star rating by Kane Constructions.
It's the first highrise to be completed on the exclusive stretch for almost 30 years.
Each of the six full floor apartment comprises four bedrooms, four bathrooms and 404 sqm. Prices start at $6.2 million through Ray White Prestige agent Robert Graham.
The penthouse is being tipped to set a record price for the popular strip set when $9.2 million was paid by Melbourne businessman Peter Devitt in 2011 for the penthouse in Main Beach’s Liberty Panorama tower.
Spread over two levels, the 611 sqm penthouse comes with rooftop entertaining terrace and pool.
Page paid $15.5 million in 2007 for the 882 sqm block then battled council to secure her construction approvals.
This article first appeared in the Daily Telegraph.