Sherpa achieves record breaking $10M penthouse sale

In a record-breaking deal that underscores the strength of the Gold Coast luxury market, Queensland developer Sherpa Property Group has shattered the Chevron Island price record with the $10 million plus off-the-plan sale of a penthouse at its landmark $55 million Perspective Helm development. 

With Penthouse 10 now sold, just one exclusive penthouse, Penthouse 9, remains available. Priced at $9,990,000 million, it represents the final opportunity to secure a residence of this scale and prestige at Perspective Helm. 

The record-breaking sale surpasses the previous Chevron Island high of $9 million. Achieved by the Chevron One penthouse in 2022. The buyers of Penthouse 10 are private residents from Brisbane. 

Sherpa’s founder Christie Leet said the sale reinforces the scale, exclusivity and prestige of Perspective Helm, located in one of the Gold Coast’s most tightly held waterfront precincts. 

“We’ve seen strong momentum for sales at Perspective Helm, with 90% of residences now sold, and to have secured a contract on one of the penthouses is a significant milestone,” said Christie. 

“This result not only reflects the extraordinary calibre of Perspective Helm but also demonstrates ongoing buyer confidence and the robust demand for premium property across the Gold Coast.”

Christie said releasing Penthouse 9 to the market represents a rare chance to secure one of the most significant residences ever delivered on Chevron Island. 

“It’s the last opportunity to own a residence of this calibre in what is arguably one of the most coveted waterfront addresses on the Gold Coast,” said Christie. 

“We don’t expect Penthouse 9 to remain available for long, there is nothing comparable on the market right now.” 

Penthouse 9 spans 793 sqm across two levels, showcasing four spacious bedrooms and four bathrooms, as well as a powder room, a cinema, a multipurpose room, and a four-car lock-up garage with ample storage space. There is also a 60ft private Marina Berth included with this residence.

Designed for upscale entertaining, the penthouses boast spacious indoor and outdoor living spaces, featuring a fully equipped outdoor kitchen, barbecue, private pool, pizza oven, and fire pit.

Adding to their appeal, the penthouses feature an elegant wine display cellar and a private rooftop oasis with breathtaking panoramic views of the iconic Gold Coast skyline and hinterland, ensuring an unrivalled living experience that captures the very essence of elegance. 

“Every detail of these penthouses has been meticulously crafted to offer an indulgent lifestyle, where effortless luxury meets serene sophistication,” said Christie. 

Located at 107, Stanhill Drive, Chevron Island, the $55 million Perspective Helm is set to deliver 10 boutique residences, including four riverfront residences, two two-storey penthouses.

“At Sherpa, we are committed to ensuring every one of our projects is designed and built to the highest standard to ensure lasting value for generations to come, and Perspective Helm epitomises this commitment.”

Situated on a 1,711 sqm north-facing site, Perspective Helm showcases 57 metres of prime river frontage, complemented by exclusive private marina berths that are designed to hold vessels up to 18 metres. 

Reserved solely for residents, the marina berths are positioned just outside of the 6-knot zone and are fully completed, positioning Perspective Helm as one of the limited residential projects that offer direct marine access in a tightly held riverfront market. 

“We’re seeing strong interest from downsizers drawn to the quality and convenience of this location,” said Christie. 

“The combination of true riverfront living and marine access is rare, and it’s clearly resonating with the market.”  

Perspective Helm is currently under construction and is scheduled to be completed in October 2025.

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