A villa project at 64 T E Peters Drive, Broadbeach Waters sold in a $7.1m deal.
A new villa project on the Gold Coast has obliterated price expectations with its jaw-dropping $7.1 million result.
Developer Gary Fraser designed the two three-level waterfront residences in Broadbeach Waters with liveability and practicality front of mind.
“I wanted it to be the type of property that I would happily live in myself,” Mr Fraser said. “It’s low maintenance, yet luxurious and there is no compromise.”
64b T E Peters Drive, Broadbeach Waters sold for $3.5m.
64b T E Peters Drive, Broadbeach Waters.
64b T E Peters Drive, Broadbeach Waters.
Kollosche’s Mitch Palmer and Gypsea Youngsmith marketed the villas at 64 T E Peters Drive — they sold to a local couple downsizing and a family from North Queensland.
Villa A sold for $3.6m within days of hitting the market while villa B sold at auction for $3.5m over the weekend.
“(It is) the highest price ever achieved for a dual occupancy development in the suburb at $7.1m,” Mr Palmer said.
“(The) previous record was held by a side-by-side waterfront development in Rebecca Court, Broadbeach Waters at $6.9m.”
64b T E Peters Drive, Broadbeach Waters.
64a T E Peters Drive, Broadbeach Waters sold for $3.6m.
Mr Palmer said the villas were the first of their kind in the suburb to be built with lifts.
“This made them a true apartment alternative for those seeking a more low maintenance lifestyle, without losing the feeling of a home,” he said.
“The lifts also meant complete usability of all three levels and made them very attractive for downsizers wanting to get away from stairs in their own homes.