Aussie model Isabelle Mathers is among the first cohort of mostly local buyers moving into a new luxury tower on a Palm Beach site with a 70-year legacy.
The Gold Coast model and influencer shared the moment she stepped foot inside her “dream home” – an apartment within a $55m nine-storey boutique development by the Dorr Family.
“Pov [point of view] : You finally get the keys to your dream home,” was how the 25-year-old rising star captioned her social media post.
The post sparked hundreds of comments from Ms Mather’s 2m followers, with most congratulating her on an exciting new chapter.
Named Seaclusion, the complex of 40 apartments is located about 30m back from the surf and sand, and was designed by BDA Architecture to harmonise with the coastal surroundings and spectacular Glitter Strip views.
The project launched to market in 2022 and was built by Hutchinson Builders. One-bedroom apartments with premium finishes were priced from $695,000, two bedrooms from $590,000, and three bedrooms from $1.495m.
Half of the apartments totalling $31m were secured within one month of release, while all but one unit sold ahead of the building’s recent completion.
The sole remaining three-bedroom apartment is listed for sale, described as an “incredible investment opportunity”, while a top-floor unit retained by the Dorr family was available to rent at $1650 per week.
Project marketing agent Jayde Pezet, of Pezet Matheson, said feedback had been glowing, with buyers moving in ahead of schedule this year.
“Many of our buyers are from the local community, and the feedback from them has been unbelievable,” Mr Pezet said.
“People who have moved in here as their principal place of residence are tickled pink, and we’ve had a brilliant response from buyers particularly about the amenities, which include a rooftop space with a pool, day beds and a barbecue area.
“It’s like an exclusive residents-only club with spectacular ocean views,” he said.
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Apartments within Seaclusion mostly face east or north and have floor-to-ceiling glazing to maximise views, while spacious balconies extend indoor/outdoor living.
The tower was built on a 1,200 sqm parcel, which had been occupied by a Queenslander home built by the patriarch of the Dorr family and held for three generations.
Buyers who purchased soon after the project’s release, like Ms Mathers, can be confident their asset has already increased in value, with continued strong demand for high-rise beachside living pushing apartment prices up.
The mid-rise tower was designed to tap into demand amid a shrinking supply of residences.
“Given the difficulty for prospective homeowners to join the Palm Beach community, the Dorr family realised their home on Twenty First Ave was a prime opportunity to create something of significance, not only for their loved ones, but for a new generation of Palm Beach locals,” Mr Matheson said.
Their block was amalgamated with two neighbouring properties to make up the development site.
PropTrack data shows unit prices in the southern Queensland hotspot were up 11.7 per cent over the past year, to a median of $1m.