Alroe completes The Finn at Mermaid Beach with just two apartments remaining
Gold Coast developer Alroe is approaching a full sellout at The Finn, its premium boutique development in Mermaid Beach.
Six of the eight apartments in the Albatross Avenue development have sold, predominantly to local downsizers. The final two villas are now for sale.
The remaining villas – priced from $3 million – include a ground-floor residence, Villa 1, which will be marketed through a standard expressions of interest campaign, and an upper-level residence, Villa 6, which will be open for inspection from April 19 ahead of a scheduled auction event on May 8.
There have been more than $23.5 million worth of sales in The Finn, something Tye Alroe, CEO of Alroe, says reflects a broader market shift as long-time homeowners in central Gold Coast suburbs look to capitalise on capital growth and secure luxury homes with less maintenance, without compromising on lifestyle.
“We’re seeing a continued push from established locals who are selling large family homes and opting for a premium residence in familiar, well-connected locations,” Alroe said.
“The Finn meets that need – it’s low-density, design-led, and offers the level of sophistication buyers expect when downsizing from multimillion-dollar homes.”
Sales have averaged close to $4 million, underlining sustained demand in the top end of the market.
“This is a segment that’s growing rapidly – equity-rich locals, including downsizers and professionals, want space, style and proximity to lifestyle amenities without moving into high-rise buildings," Alroe added.
“Our strategy has always been to deliver premium boutique residences in blue-chip locations that offer lasting value, and The Finn is a direct result of that focus.”
Positioned just metres from Hedges Avenue and within walking distance of the beach, The Finn features eight architecturally designed villas ranging in size from 214 sqm to 390 sqm.
Each residence includes expansive three-bedroom layouts, private pools or rooftop terraces, and curated landscaping to enhance privacy and liveability. The design draws on coastal-inspired materials and finishes, including Venetian render,
travertine stone, large-format floor plans, and three-metre ceilings.
Each residence also includes dedicated home offices, private garages, and multiple living zones tailored for owner-occupiers.
With new luxury townhouse supply in central locations remaining limited, The Finn has resonated with a niche yet deep buyer pool – primarily local, equity-rich, and intent on staying close to family and familiar lifestyle precincts.
The project follows the success of Alroe’s Lune at Main Beach and continues the developer’s strategy of delivering boutique residential offerings in high-demand coastal suburbs.
