Jefferson Lane, Palm Beach development secures first two sales at over $4 million

Jefferson Lane, Palm Beach development secures first two sales at over $4 million
Jefferson Lane, Palm Beach development secures first two sales at over $4 million

Jefferson Lane, on Palm Beach’s beachfront dress circle, has secured its first two sales.

There are seven whole floor apartments in the boutique development.

The sales both fetched more than $4 million within a month of being released to market on completion, the Gold Coast Bulletin noted.

The 15 Jefferson Lane complex, with a foyer made of marble, was developed by Kazumi Nakagawa and Jason Kennedy.

The project’s sales and marketing agent Deborah Provost said the two whole-floor were middle-level apartments.

Jefferson Lane, Palm Beach development secures first two sales at over  million

The 210 sqm three bedroom apartments overlooking Currumbin Alley were listed as starting from $4.3 million. The exact sale price to the buyers from Brisbane and Northern New South Wales have not been divulged.

The apartments at 15 Jefferson Lane only went on sale once the building was completed late last year.

The apartments have floors made of aged French oak and Italian calacatta oro marble in the kitchens with Gaggenau appliances and European tapware.

Provost, from DP Project Marketing, said the prices “reflected the style of apartment found on Sydney’s exclusive northern beaches yet at a third of the price.”

In late 2019 the ABC reported the City of Gold Coast bowed to local public pressure and recommended a reduction in building heights for further developments along Jefferson Lane.

The maximum height of future developments along the eastern side of Jefferson Lane was set to become 16 metres with a density of one bedroom per 50 square metres under the proposed city plan that changed residential zoned land from medium density to low–medium density.

The changes were to apply between Seventeenth Avenue and Laceys Lane.

H&F's nearby Hemingway apartments at Palm Beach are being offered through local agent Justin Schmith, with prices starting from $415,000, with the most expensive apartments priced at $4,495,000.

 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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