Sherpa sell out Palm Beach residential development Perspective 488 in three months

Sherpa, led by former real estate agent Christie Leet, are now plotting a sister development on an adjacent site at Twenty Seventh Avenue

Sherpa sell out Palm Beach residential development Perspective 488 in three months
Sherpa sell out Palm Beach residential development Perspective 488 in three months

The local Gold Coast developer Sherpa Property Group are the latest to benefit from the continued Gold Coast apartment boom.

They've secured a sell-out at their $35 million Palm Beach apartment development Perspective 488 within just three months of its early 2021 launch.

Buyers snapped up the seven full floor apartments, which sold for more than $3 million each, as well as the beach homes which fetched between $4.1 million and $4.5 million.

Named after its location at 488 The Esplanade, Perspective 488 was popular among local buyers looking to upgrade. Only one interstate buyer managed to grab a key.

Sherpa sell out Palm Beach residential development Perspective 488 in three months

Sherpa, led by former real estate agent Christie Leet, are now plotting a sister development on an adjacent site at Twenty Seventh Avenue, with plans expected to be released later this month.

“We’ve been blown away by the response to Perspective 488, which is encouraging as we prepare for our newest development,” Leet said.

“From the outset we took an innovative approach to the Perspective 488 site to ensure it blended perfectly with the laid-back lifestyle Palm Beach is known for. It’s especially rewarding for the Sherpa team to know that our vision has been so warmly received by our buyers and in particular by locals.”

About the developer

Christie Leet, formerly principal of PRD Whitsundays, is a property industry veteran, with an eye for lifestyle buyers. He timed his entry to the Gold Coast market perfectly three years ago by acquiring prime development sites at Palm Beach to Cabarita.

“It was evident to me at the time that local buyers had an appetite for a unique style of development that combined a bespoke design with an unparalleled location – a recipe that defines the ultimate in coastal living,” said Mr Leet.

“We’re pleased with the success of Perspective 488 and look forward to bringing another unique offering in this pocket of paradise.”

Sherpa has an extensive history of successful developments in the Whitsundays and Funnel Bay apartment and land sub-division.

Other developments for sale on the Gold Coast

Shoreline, Surfers Paradise

Shoreline is the latest Surfers Paradise tower to be created by Marquee Development Partners.

The boutique 27 apartment development across 17 levels offers residents a luxury unseen in the between Surfers Paradise and Broadbeach for a number of years.

Miles Residences, Kirra Beach

The Miles Residences Kirra Point will be one of Kirra Point's most impressive towers when it's completed in 2023.

The development of 118 apartments is part of the redevelopment of the Kirra Beach Hotel. The brains behind the operation is the family-ran KTQ Group, led by Peggy Flannery, who are behind the award-winning Elements of Byron Bay.

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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