Penthouse proprietor drops $8m on yet-to-be-built seashore home

A Brisbane penthouse proprietor has dropped $8m on a yet-to-be-built luxurious beachside dwelling on the Gold Coast.

The off-the-plan sale is a coup for high-profile builders Graya, who made their title constructing jaw-dropping mansions for superstar shoppers together with ex-footballer Darius Boyd and his influencer spouse Kayla.

Graya director Rob Grey stated one in every of two residences in a duplex below building on Mermaid Seaside’s Hedges Ave, often known as Billionaire’s Row, was snapped up inside 24 hours of launching to market.

The deal was dealt with by White Fox agent, Nic Whitehead. Named Rocabella, the challenge’s northern residence, Bella, was the customer’s decide.

Cashed-up consumers are circling the second residence, which was initially to be retained by Mr

Grey and his spouse Meghan, however Mrs Grey is holding agency, reluctant to let go of their very own future vacation hideaway.

Mr Whitehead stated the itemizing created an instantaneous stir amongst consumers “actively trying to find a Graya product”.

“Lots of people are dreaming of an attractive vacation home on Hedges Ave, and proudly owning a Graya house is actually bragging rights as the popularity of the standard and uniqueness of the model is unbelievably robust,” Mr Whitehead stated.

“That exclusivity is driving demand, and with this product we managed to realize a extremely robust worth for the world that positively lifts the bar for a non-beachfront property.”

“Given how Bella has carried out, we’re nonetheless fielding expressions of curiosity on Roca, the remaining property.

“The largest headache I’ve is attempting to persuade Meghan to let it go,” he stated.

Mr Grey stated they had been “on the fence” about whether or not to promote.

“Meghan actually needs to maintain it and Nic is de facto encouraging a sale. It’s a tricky one – it may even be the toughest determination of 2025.”

The couple just lately collected $11m from the sale of Dune, a spectacular Moroccan-inspired mansion at Burleigh Heads, additionally constructed by Graya, which was initially supposed as their dream household dwelling.

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Data present Mr Grey paid $3,292,500 in March for a 402 sqm website at 120 Hedges Ave.

The block was sub-divided, with Studio Workshop engaged to design a pair of semi-detached homes.

Described within the gross sales itemizing as, “5 ranges of lavish dwelling area” impressed by a traditional European villa, every of the residences has a non-public oceanview rooftop terrace with a glass-edged pool and alfresco eating space.

Three ensuited bedrooms are set over the primary flooring, with a spacious master suite plus personal balcony above, and open-plan kitchen, dwelling and eating zone on the third flooring.

The challenge’s materials palette of brickwork, timber, glass and inside stone is enhanced by vegetation on each degree together with the rooftop, creating a shocking visible assertion whereas complementing the coastal setting.

PropTrack information exhibits home costs in Mermaid Seaside had been up 30 per cent over the previous 12 months, to a median of $3.4m.