Homecorp reveals $260 million moroccan bathhouse-inspired tower for Budds Beach

Australian developer Homecorp has revealed plans for a striking $260 million Moroccan bathhouse-inspired residential tower in the tightly held Budds Beach precinct, marking one of the area’s first major large-scale proposals in more than a decade. 

The 27-storey landmark, lodged with Gold Coast City Council, will deliver 156 luxury residences alongside a resort-style wellness sanctuary, positioning the project as a bold new addition to the Surfers Paradise skyline.

A development application has been submitted to the Gold Coast City Council for a 27-storey architectural landmark at 8-10 Acacia Avenue and 25-27 Oak Avenue, Surfers Paradise, marking one of the few new large-scale residential projects proposed for the precinct in more than a decade.

The project will comprise of two-and three-bedroom residences, anchored by a residents-only Moroccan spa-inspired wellness sanctuary featuring private treatment rooms, a traditional Nordic sauna and steam room, hot and cold plunge pools and a curated juice bar. 

At the pinnacle is a resort-style rooftop precinct, complete with a heated infinity pool and spa, a residents’ lounge with a private kitchen and bar, a contemporary fitness centre with a yoga and Pilates studio, and outdoor BBQ areas with premium entertaining lounges.

"At Homecorp, we are driven by the pursuit of better - challenging expectations, thinking bigger and shaping communities that leave a lasting legacy." 

"This project draws on our experience and expertise to take what the market has been craving to the next level - a
home that nurtures wellness, calms the mind and lifts the everyday stresses away. 

A home is more than a place you live, it’s where you rest, reset and find balance,” said Ron Bakir, CEO and founder of Homecorp.

Each residence is defined by a unique outlook, offering some of the Gold Coast’s most stunning vistas from the rolling waves of the city’s iconic surf beaches and the waters of the Nerang River at Budds Beach, to the sweeping expanse of the Hinterland.

"What sets this location apart is its rare, tightly held nature within one of the Gold Coast’s most vibrant lifestyle and entertainment precincts, yet quietly tucked away in a peaceful, beachside enclave. 

"Budds Beach has remained exceptionally limited in supply over the past decade and this site presented an unmatched opportunity to deliver something truly special to both Surfers Paradise and the Gold Coast,” Ron said.

Conveniently connected to major roads and the G:link, residents will enjoy easy access to Surfers Paradise, Broadbeach and Burleigh Heads, while still being just minutes from the city’s most iconic beaches and the Broadwater’s ‘golden mile’.

The 2130sqm site acquisition adds to Homecorp’s growing Gold Coast multi-storey portfolio on the Gold Coast, following the success of Eve Residences in Labrador upon its completion in November 2024. 

In 2025, Eve earned multiple national accolades and went on to win ‘Best Oceanview Condo Development’ in the Asia Pacific region at the PropertyGuru Asia Property Awards Grand Final, outperforming entries from more than 13 prestigious international markets.

"The property market is constantly evolving, particularly here on the Gold Coast, which continues to outperform national trends thanks to its unmatched lifestyle, natural beauty and growing infrastructure, especially ahead of the Brisbane 2032 Olympics. 

"We are proud to be adding more homes to the skyline, creating spaces that are not only designed for liveability
but also nurture wellness within, they are homes that are built to last a lifetime and beyond," said Ron.

The project is set to launch to the market later this year.

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