Waterfront masterpiece sets new record in Brisbane’s east

Multi-award-winning prestige property builder/developer, Capital Luxury Residences (CLR) has sold its second riverfront luxury home, ‘CLARA’ for $6.4million to a Melbourne family relocating to the Sunshine State, breaking their own record in the blue-chip suburb of Bulimba in Brisbane’s east.

The dynamic husband and wife, CEO and Design Director team recently sold the neighbouring property, ‘CAMBER’ for $6.35m making a combined circa $13 million in sales, with both properties selling within weeks of each other.

Positioned on one of Brisbane’s most exclusive riverside streets at 37 McConnell Street, boasting a prized absolute riverfront location, the architecturally-striking home was also sold off market, also several months before completion by Sarah Hackett of PLACE Realty.

Capital Luxury Residences CEO Phil Pezzi said the buyers loved the overall design, space planning, natural light, its north facing aspect, the strong use of marble throughout which is CLR’s signature and four car garage.

“Both properties were sold about 5 weeks prior to completion,” he said.

Designed by CLR’s design director, Alissa Birch in collaboration with Melbourne-based practice, Mason Bright Architects, the palatial two storey home features a spectacular ‘picture frame’ design from the rear of the property fronting the river creating a ‘patio amphitheatre’ with a soaring seven-metre-high ceiling and encompassing a stunning, spacious indoor/outdoor entertaining space with commercial outdoor kitchen, swimming pool, lawn and its own private pontoon.

Pure and minimal, yet strikingly modern and bold in its mesmerising contours, CLARA is a contemporary architectural masterpiece redefining riverside living in Brisbane’s prestigious suburb of Bulimba.

CLR’s Design Director, Alissa Birch says it’s an organic smart home drenched in year-round light and embedded deep within an interconnected community marked by greenery, relaxation and sheer convenience.

Optimised for abundant sun and summer breeze with its north-facing aspect, the property’s five bedrooms, four bathrooms, office and three ample living spaces are ideal spaces for families and thrive in a naturally mediating temperature at all times of the year. Kitchens include full-sized Gaggenau appliances encased in European cabinetry.

“This calculated design insists it’s a residence forever-ready to entertain and impress,” Alissa notes.

Strolling into the expansive backyard, homeowners will well and truly embrace Bulimba’s spectacular, unparalleled riverside location, ideal for unlimited sunrises, sunsets and taking in the comings and goings of the busy Brisbane River.

“Clear, light and bright” defines Clara in the Spanish dictionary, and just one look at the bespoke magnificence will have you understand it was aptly named. Year-round, this riverside triumph is an everyday catalyst of invigoration and contentment.

Phil Pezzi said they were delighted to achieve such a strong sale price, off market and before even the property was completed, in a relatively slow market.

“This could indicate the Brisbane prestige housing market is buoyant for stand-out, unique properties in super prime locations,” he said. 

Phil says Capital Luxury Residences’ founding philosophy is to reimagine the possibilities of residential development. 

“We really try to push the envelope on every single house and every house has its own unique character, aspect and distinction.” 

“We only buy prime waterfront or view sites – sites which capture extraordinary views, aspects and locations; then we design the house, together with our architect partners, to maximise the views, aspect and location.

“Our expert in-house construction team, headed up by our meticulous Construction Director Paul Carson plan the demolition and build program and then custom build the home to spec,” he said.

CLR has recently won a spate of international property awards for several recently completed houses including Best Waterfront Property in Australia for a palatial Mermaid Waters home, ARMOREL on the Gold Coast, as well as Best Residential Property in Asia-Pacific for their immaculate three-storey home on Hamilton Hill in Brisbane, TORRE.

The CLARA residence is CLR’s twenty-fourth property to be completed since establishing in 2019 in Queensland. The company currently has a further six luxury homes in the pipeline under construction due to be completed in 2024 and 2025.

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