$20M Palm Beach Apartment Sales as Beachfront Stocks Dwindle

Ophira Palm Beach, the exclusive $60 million beachfront apartment project by developer-builder 5Point Projects, has garnered remarkable success in the Gold Coast's coveted suburb of Palm Beach. With over $20 million in sales within weeks of its market launch, the project takes advantage of the high demand for ultra-luxury apartments in the Gold Coast's newly established "millionaire's row."

The lack of ultra-luxury offerings in Palm Beach has fueled strong market interest in Ophira, described as the most luxurious project ever introduced to Palm Beach. Three of the project's whole-floor apartments, each exceeding $7 million, have been sold, emphasizing the project's appeal to local buyers. Recognizing the limited availability of luxury and spacious residences in Palm Beach, the buyers, who are existing residents in the area, have embraced Ophira as a unique opportunity.

Ophira Palm Beach comprises seven full-floor sky homes and an expansive two-level penthouse, with construction already underway to meet the ongoing demand for luxury residences. The project's location in the highly sought-after Jefferson Lane precinct positions it as the only absolute off-the-plan beachfront project currently available in the market.

Each full-floor residence at Ophira offers spacious living areas ranging from 290 sqm to 317 sqm, featuring large open balconies and floor-to-ceiling glass windows to maximize breathtaking ocean views. The two-level penthouse spans an impressive 637 sqm, featuring four bedrooms, five bathrooms, and a private outdoor entertainment area with a pool, spa, sauna, sundeck, teppanyaki bar, sunken lounge, and fire pit.

Ophira Palm Beach addresses the demand for high-end downsizing options, providing a unique opportunity for discerning buyers seeking premium living experiences. The project, marketed by ARC Project Marketing's Jamie Bourke and Dylan Molloy, has attracted considerable attention, showcasing its appeal to the local market.

The full-floor sky homes at Ophira open to private entryways, revealing meticulously designed interiors with features such as wine storage, a functioning scullery off the kitchen, three spacious bedrooms with designer robes, a study, and a family/media room. The expansive balcony overlooking the beachfront extends the living space and offers panoramic views of the Palm Beach foreshore, Surfers Paradise, and Coolangatta skylines.

Ophira Palm Beach residences incorporate natural materials, including stone benchtops, tiles, polished lime render, and oak timber, enhancing the interiors with abundant natural light. Priced starting from $6.35 million, Ophira offers an elevated and private living experience, complemented by shared amenities on level one, including an exclusive plunge pool, sun deck, and a communal garden for relaxation and well-being.

The success of Ophira Palm Beach underscores the project's resonance with the discerning local market, blending spacious living, privacy, and supreme luxury in a sought-after Palm Beach location.