Ophira Palm Beach nets over $20 million in sales after launch

Ophira Palm Beach comprises just seven full-floor sky homes and a sprawling two-level penthouse
Ophira Palm Beach nets over $20 million in sales after launch
Joel Robinson December 20, 2023SALES UPDATE

The only beachfront apartment project on the market in the coveted Gold Coast suburb of Palm Beach has notched up more than $20 million in sales only weeks after its launch to the market.

The $60 million Ophira Palm Beach has taken advantage of the lack of ultra-luxury apartments in the Gold Coast’s new “millionaire’s row”, selling three of its whole floor apartments for in excess of $7 million each.

Market interest has been very strong since the project was launched earlier this month.

Developer builder 5Point Projects has already commenced construction on Ophira, conscious of the continued interest in the luxury top end and continued demand for luxury product.

5Point Managing Director Damian Dove says the buyers have been locals with existing residences in the area.

"[They] have recognised that this level of luxury and space is extremely limited in Palm Beach and unlikely to change in the near term," Dove said.

“Ophira is the only absolute off the plan beachfront project currently in market situated in the highly sought after Jefferson Lane precinct, so we had high expectations which thus far have been well and truly met.”

Ophira Palm Beach comprises just seven full-floor sky homes and a sprawling two-level penthouse. Each full-floor residence has 290 sqm of living space, including open balconies with views up and down the coast.

Ophira’s two-level penthouse will deliver 637 sqm of living space with four bedrooms, five bathrooms and its own private outdoor entertainment area featuring a pool, spa, sauna, sundeck, with teppanyaki bar, a sunken lounge and fire pit.

“We are fortunate that we are in a position to build immediately and the inquiries for Ophira despite having little marketing attention until now has been quite remarkable," Dove added.

The project, marketed by Jamie Bourke and Dylan Molloy of ARC Project Marketing, presents a unique opportunity for downsizers looking for high-end product where there are very limited opportunities.

Through private entryways, Ophira’s exclusive collection of full-floor sky homes open to reveal a meticulously designed tranquil oasis featuring wine storage, a functioning scullery off the kitchen, three spacious bedrooms all fully ensuited with designer robes, plus study and a family/media room.

Interiors are infused with natural products encompassing stone benchtops and tiles, polished lime render and oak timber highlighted via the abundance of natural light throughout imparting a glow that complements the exquisite décor.

“Ophira has been highly anticipated by the local market close to the cosmopolitan heart of Palm Beach, combined with its spacious living and the supreme privacy that this limited collection of residences offers, have already captured the imagination of buyers.”

“Ophira, has been designed for a discerning buyer, and we don’t shy away from that,” said Mr Dove.

Ophira Palm Beach residents will enjoy a sanctuary of calm with shared amenities on level one including an exclusive plunge pool and sun deck plus a communal garden which will be a focal point for relaxation and wellbeing.

Residences at Ophira Palm Beach start from $6.35M.

Joel Robinson

Joel Robinson is the Editor in Chief at Urban.com.au, managing Urban's editorial team and creating the largest news cycle for the off the plan property market in the country. Joel has been writing about residential real estate for nearly a decade, following a degree in Business Management with a major in Journalism at Leeds Beckett University in England. He specializes in off the plan apartments, and has a particular interest in the development application process for new projects.

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