Sky high price for sea beauty

Gold Coast Bulletin - 24.05.2025

A Gold Coast penthouse under construction on the beachfront in Surfers Paradise has sold for $19,180,053.

A Brisbane-based buyer splashed the huge sum to secure the fullfloor apartment on Northcliffe Terrace.

It is the highest apartment sale in Queensland this year, although it doesn’t trump the $24m paid in 2023 for an off-the plan residence in the Glasshouse development at Burleigh Heads.

The Royale residence is on level 35 of DD Living’s Royale Gold Coast, a 38 level tower with 104 residences being built by Hutchinson Builders.

Marketing agent Adrian Parsons, managing director of Total Property Group, said the 706 sqm penthouse drew strong interest from multiple buyers.

“The purchaser is a Brisbane-based professional who had been quietly watching the market for the right opportunity,” Mr Parsons said. “As soon as they saw the Royale Gold Coast penthouse, they knew it was something truly unique.

“They were particularly impressed with the architectural design by DKO and the interiors by Mim Design, which deliver an incredibly refined, timeless luxury that stands out even in a competitive high-end market.

Mr Parsons said the Royale apartment’s floorplan was a major drawcard for the buyer. “They appreciate the thoughtful layout and seamless flow of the floor plan, from the grand entry to the formal entertaining zones, palatial private master retreat and integrated indoor-outdoor areas, offering a balance of private spaces and areas for entertaining, which really appealed to them,” Mr Parsons said.

Standout features include a wine cellar, full-sized bar and a formal dining area designed to accommodate 14 guests.

The tower’s resident amenities were also a huge drawcard, Mr Parsons said.

Mr Parsons said Royale was a “once-in-a generation” development.

“There are only a handful of buildings that sit directly on absolute beachfront along the prestigious Northcliffe Terrace as this is on its way to becoming one of the most elite strips of real estate in Australia,” Mr Parsons said.

DD Living’s David Devine said the penthouse sale showed strong demand for beachfront developments.

“This penthouse home represents the pinnacle of beachfront living and it’s very rewarding to see it so well received by a buyer who truly appreciates the architectural vision and lifestyle we’ve created,” Mr Devine said.

“It’s exciting to see construction progress so strongly, with the tower now surpassing the halfway mark, a significant milestone that brings the vision for Royale Gold Coast closer to reality.”

Remaining residences in Royale are priced from $5.46m with the building expected to be complete in 2026.