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.
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.
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.”
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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