Prestige Property drives an unprecedented Gold Coast boom

Prestige residential developer, Capital Luxury Residences (CLR) has completed its latest palatial coastal masterpiece – a six-bedroom, 7.5-bathroom mansion spanning a sprawling 1000sqm on the waterfront at Mermaid Waters on Queensland’s booming Gold Coast.

Significantly, the house recently won Best Waterfront Housing Development in Australia at the prestigious Asian Property Awards held last week in Melbourne. It now goes into compete in the Asia Pacific Region.

Situated on a generous site, located at 84 Oceanic Drive, boasting a 30metre river frontage onto an open canal, the home has been cleverly designed to take full advantage of the surrounds and maximise the breathtaking views out to the Gold Coast city skyline.

Currently being sold in an off-market campaign, the property is expected to fetch a record price for the Gold Coast of more than $9 million.

According to RP Data analysis, recent years have witnessed the gentrification of the Gold Coast, compounded by the Covid-19 pandemic and historically low interest rates. These factors have resulted in unprecedented gains in property values for both prestige units and houses.

CLR’s Design Director and CEO, Alissa Birch who relocated to Brisbane from Melbourne several years ago with her business partner husband, Phil Pezzi who hails from an

investment banking background, says she could see an opportunity in southeast Queensland to bring internationally-inspired luxury residential homes unlike anything available before.

“Each of our luxury residences are inspired by a different luxury location around the world.

“Our latest creation at Mermaid Waters – a residence we have named Armorel meaning one who lives by the sea – draws inspiration from palatial properties I visited in Miami on the south-Florida coast.

“The two climates and lifestyles are incredibly similar. I thought there was space on the Gold Coast to bring this really elevated, glamourous style of luxury to homeowners looking for something extraordinary,” she said.

“New homeowners can be assured they are purchasing a property that is truly one of a kind – currently, there is truly nothing like our properties in southeast Queensland or even Australia. Custom-designed homes, designed to maximise their location.”

Designed for ultimate luxury family living, Armorel features an inspired U-shaped floorplan which allows residents to enjoy panoramic river and Gold Coast skyline views from all angles of the home.

The connection between interior and exterior living spaces is emphasised, whilst the exquisite material selection and finishes well and truly fulfil the homeowners desire for a luxurious hotel experience within their home.

For the homeowners, the primary objectives were to create a space where their children could visit for years to come that would evoke the ambiance of a luxury hotel, explains Alissa.

Standout features of the property include a striking, snow-white, sculptural spiral staircase contrasted against Polished Micro Cement treads, creating a stunning focal point-point in the centre of the home, visible from both the rear and front of the property through expansive panes of glass.

Above the staircase, a 4m wide skylight adds even more wow factor to this spectacular architectural feature which also ensures the home is flooded with natural light.

Elevated kitchen and bathroom design

In the kitchen, scalloped (reverse flue) cabinetry, mimics the rolling water of the river and ocean surrounding the home as a reference to the stunning coastal location, complemented by a custom-designed and fabricated curved brass rangehood, custom brass tapware and brass details on the curved legs of the island bench, adding refined elegance and a touch of glamour to the open plan living space.

Marble is the dominant material used in the 7.5 bathrooms including custom Cianna grey marble tiles on the floors and walls and Marquina black marble highlighting the shower areas.

Designed to easily accommodate family gatherings and entertaining, the property features extensive outdoor areas, including:

· an alfresco dining area,

· sunken fire-pit with built-in seating,

· poolside lounging area,

· quarter-sized basketball court,

· extensive lawns,

· private beach area, and

· a 12-metre pontoon – all purposefully designed to create a luxury resort-like atmosphere.

Capital Luxury Residences Chairman Phil Pezzi says it was a natural progression for the company to expand into southeast Queensland.

“We are a cradle to grave property developer including site acquisition, design, construction as well as final sale and delivery. We seek out uniquely located prime blocks of land and then explore the design inspiration that would be best celebrate the site’s aspect and environment.

“We take such pride in every new spectacular and unique home we deliver and relish the process of pushing our creativity and innovation in building on every project. Our collection has come like our own family – as every child is unique, every home has its own special personality and signature style and expression.”

The Mermaid Waters residence is CLR’s 22nd property to be completed since establishing in 2019 in Queensland. The company has a further six luxury homes due to be completed in early 2024.

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