Revealed: $19.5m penthouse sale smashes record

www.realestate.com.au - 26.07.2025

A Gold Coast businessman has splashed $19.568m on a penthouse under construction on the beachfront.

It is the second mega deal in Royale Gold Coast, a 38 level tower being built in Surfers Paradise, in as many months following the $19.18m sale of another penthouse in May.

The latest buyer bought a half-floor apartment in Royale Gold Coast soon after the development launched but then decided to upgrade to the full floor penthouse on level 36.

Total Property Group managing director Adrian Parsons said the buyer’s decision to upgrade reflected the powerful impression the building was now making.

“Now that the tower is taking shape, buyers are truly beginning to appreciate the scale, elegance and quality of what’s being delivered,” he said.

“The level 36 penthouse purchaser had already committed to Royale with a half-floor apartment but didn’t want to miss the opportunity to upgrade to a full-floor penthouse now that they can see the building’s physical presence.

“To achieve nearly $39 million in sales for two penthouses within the space of two months is an extraordinary result, reflecting the demand for ultra-premium beachfront living.”

Royal Gold Coast is being delivered by developer DD Living, led by property veteran David Devine, with Hutchinson Builders behind the project.

“Now that construction is well advanced, the building’s form is becoming visible from the street, and buyers can fully appreciate the scale, quality and rarity of what we’re delivering,” Mr Devine said.

“Each penthouse features over 660 sqm of internal and external space, including a gourmet kitchen with Wolf and Sub-Zero appliances, an oversized butler’s pantry, a striking glass wine cellar and full-sized bar, formal dining for 14, and expansive indoor-outdoor entertaining zones.

“The master suites occupy the entire eastern wing of the penthouses and include private sitting areas, large walk-in wardrobes with makeup vanities, and resort-style ensuites with freestanding baths, double showers, and floor-to-ceiling glass that frames uninterrupted ocean vistas.”

Resident amenities include two lagoon-style swimming pools, a wellness centre with spa, steam room, cold plunge pool, sauna, and yoga terrace, along with Club Royale – a private resident-only facility overlooking the beach.

Construction is expected to be finished in 2026.