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Spyre breaks own record with $24m Gold Coast apartment sale

Market Insights
1 year ago
2 minutes

Brisbane-based developer Spyre has outdone themselves, setting a new personal record with an exceptional $24 million property sale on the Gold Coast. This astounding accomplishment tops their previous high-rise sale by a substantial $4 million.

The apartment that took the title was part of its Glasshouse development in Burleigh Heads, breaking all expectations and competition by selling at $24 million. The previous record was a $20 million penthouse sale last year, also in the same building – a truly remarkable feat.

Spyre Director Andrew Malouf commented on the sale, saying it demonstrates the demand for ultra-luxury one-of-one residences in the Gold Coast and South-East Queensland property market.

“The sale underscores an unmet demand for bespoke homes with the finest design and quality across an expansive, multi-level apartment,” Andrew said.

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Breathtaking ocean and Gold Coast skyline views from Glasshouse.

Spyre’s Managing Director Daniel Laruccia spoke on the changes made to the Glasshouse development, saying, “Glasshouse was initially designed as a three-residence development.

“However, in response to the increasing demand from buyers, two of these residences were seamlessly combined, resulting in an offer that truly captivated the market.”

The amalgamated three-level apartment at Glasshouse is set to feature a master retreat with an 11-metre ocean-view frontage. The expansive home also boasts a full-sized secondary living room, additional media space, a complete guest suite, six car parks, and a pool.

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The record-breaking Glasshouse residence boasts an expansive master retreat with exceptional finishes and fittings.

On the sale, Amir Mian of Amir Prestige Group, who brokered the deal, stated, “Glasshouse hosts what I firmly believe is Queensland’s best address.

“Spyre has delivered an architectural masterpiece with this offering and it has been a great pleasure to be involved in the sale.

“A price record like this is so befitting of the offering, something completely unrepeatable.”

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A testimony to its name, Glasshouse is adorned with floor-to-ceiling panels that overlook uninterrupted shoreline views.

In the past two years alone, Spyre has sold 10 properties for over $5 million, with six of those clearing over $10 million. Just last month, they closed a $10.95 million sale for a sub-penthouse in their six-residence Moray House development in Brisbane’s New Farm.

Spyre broke Brisbane’s record for the most expensive apartment in January with a sale at $15.75 million for a two-level penthouse at Moray House. Following this, they etched a new record in March for internal square metre rates with a $13.6 million penthouse sale in their Toowong apartment development, Arc.

Glasshouse, located at 10 Goodwin Terrace, Burleigh Heads, began construction in August last year. Architects bureau^proberts designed the building, with landscaping by CUSP. The title-bearing amalgamated residence is set for completion in the first half of 2024.

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