$30M+ in Sales For Palm Beach Project as Demand Surges

In a remarkable feat, 5Point Projects' Ophira Palm Beach, the sole new off-the-plan beachfront apartment project in Palm Beach, has exceeded the 50% sold mark within a few weeks of hitting the market. Priced at $60 million, the luxurious Ophira has attracted significant buyer interest, particularly from local buyers seeking ultra-luxury residences.

The project stands out as the only absolute beachfront development in Palm Beach and has successfully sold five entire floor residences, each commanding prices exceeding $7 million. Damian Dove, Director of 5Point, attributes this success to the project's appeal to discerning locals who appreciate the level of luxury and spaciousness offered by Ophira.

Ophira Palm Beach comprises seven full-floor sky homes and a sprawling two-level penthouse. The development's location in the highly sought-after Jefferson Lane precinct has added to its allure. Each full-floor residence features spacious living areas ranging from 290sqm to 317sqm, including expansive balconies with floor-to-ceiling glass windows providing breathtaking ocean views.

The two-level penthouse, spanning 637sqm, boasts four bedrooms, five bathrooms, and a private outdoor entertainment area with a pool, spa, sauna, sundeck, teppanyaki bar, sunken lounge, and fire pit. The residences are designed as tranquil oases, featuring wine storage, a scullery off the kitchen, three fully ensuited bedrooms with designer robes, a study, and a family/media room.

The expansive balcony offers extended living spaces, seamlessly connecting residents with the natural beauty of the Palm Beach foreshore and providing captivating views of Surfers Paradise and Coolangatta skylines. Interiors showcase natural materials such as stone benchtops, tiles, polished lime render, and oak timber, illuminated by abundant natural light.

Damian Dove expressed confidence in the project's unique design and architecture, stating, "The sales we’ve achieved to date are a strong indication that our aptitude for quality design and remarkable architecture are resonating with buyers." With construction officially underway, the remaining Ophira residences are priced from $6.55 million, and given the rapid sales pace, it is anticipated that the remaining units will sell out quickly.