Demand Drives Sales as Luxury Mermaid Beach Development Nears Sell-Out

Buyers are flocking to secure their place in one of Mermaid Beach's most exclusive offerings, Perspective on Albatross, as the development approaches a near-complete sell-out. Nestled just 160 meters from the beach in one of the Gold Coast's premium enclaves, Sherpa Property Group's Perspective on Albatross features eight luxury apartments, including two opulent two-level penthouses. Following a $10.3 million sales spree, only two prestige four-bedroom, three-bathroom apartments remain on the market, with the final release priced at $3.2 million.

The success in sales for Perspective on Albatross is attributed to a mix of local owner-occupiers and downsizers. Christie Leet, Founder of Sherpa Property Group, notes that many buyers are local downsizers attracted by the unique location, spectacular architecture, and beautiful living spaces that leverage an elevated beachside position. The surge in owner-occupiers, especially during a period of low available stock, has propelled the development towards near-complete occupancy.

Designed by award-winning architects HAL and constructed by 5Point Projects, Perspective on Albatross residences embody Gold Coast's most liveable floor plans, showcasing understated elegance with sculptural Mediterranean minimalism. The natural color palette contributes to a timeless design. The crown jewel of the development is the two-level penthouse, featuring a private rooftop with a large outdoor kitchen, outdoor cinema, sauna, and a private pool with an integrated bird-watching bar overlooking Albatross Avenue.

"With construction well underway and expected completion in December this year, we expect the remaining two apartments to sell out fast," says Mr. Leet. Sherpa Property Group adopts a unique approach, treating each project as an expedition, aiming to deliver maximum lifestyle by prioritizing lower density and increased liveability for owners.

Mr. Leet shares his excitement about the project, stating, "When I found two adjoining sites on Albatross Avenue, with a 25m frontage, I knew I had found the perfect location for my 'Everest.' I was so excited by the site and the design that I have already sold my beachfront home on the Gold Coast in preparation for living on Albatross."

"Perspective on Albatross represents the culmination of my 30-year search for the ultimate expedition – a home that delivers the pinnacle of lifestyle, without compromise. I'm really looking forward to joining the select few who can take advantage of Sherpa's new Perspective on beachside living."