Esplanade - 474 The Esplanade, Palm Beach

Over the last four quarters, Palm Beach has been the most searched Gold Coast suburb on Urban.com.au.

Since the pandemic hit Australia, there's arguably not been a suburb in Australia that's been more in vogue than <a href="https://www.urban.com.au/developments/palm-beach-qld-4221">Palm Beach</a>&nbsp;on the <a href="https://www.urban.com.au/developments/gold-coast-qld">Gold Coast</a>.

Data from Urban.com.au's new data product, <a href="https://industry.urban.com.au/data-insights">MatterFact</a>, showed that from 2020 to 2021, enquiry spiked 130 per cent, driven by local and interstate purchasers snapping up luxury beachfront apartments.

Enquiry levels returned to early pandemic levels in 2022, namely due to the fact several developments sold out quicktime, but the appetite to live in the coastal enclave did not abate, with search traffic to Palm Beach staying consistent. There was simply much more demand than there was supply.

Josh Foote's <a href="https://www.urban.com.au/developers/ignite-projects">Ignite Projects</a> took just eight weeks to sell all 34 apartments at <a href="https://www.urban.com.au/new-apartments/cabana-1-nineteenth-avenue-palm-beach">Cabana Palm Beach</a>, where sale prices ranged from $1,775,000 to just over $5.5 million.

It was the same story with developer&nbsp;<a href="https://www.urban.com.au/developers/pask-group">Pask</a>. Launching during the pandemic, they sold out <a href="https://www.urban.com.au/new-apartments/esplanade-474-the-esplanade-palm-beach">The Esplanade</a>, named after its position on the dress circle street that runs down to Burleigh Heads. The 15 apartments on the beachfront sold between $3.2 million and over $7.1 million.

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One of the main reasons southern dwellers descened on Palm Beach was how much it flew under the radar. The quiet neighbour of Burleigh Heads, Palm Beach had been void of new developments until the demand spurred by the pandemic to live on the Gold Coast became aparent, those from the southern states in particular had a narrow brief; Gold Coast, and as close to the beach as possible.

Palm Beach has been one of the most active suburbs for development site sales.

Since the start of 2021, around 25 per cent of total sales by site amalgamation and sales specialists GV Property Group has been in Palm Beach, only second to Broadbeach.

After the boom that saw the likes of Cabana, Esplanade, <a href="/buildings/the-tally-14-twenty-eighth-avenue-palm-beach">The Tally</a> and Hirsch &amp; Faigen's <a href="https://www.urban.com.au/new-apartments/hemingway-1267-1273-gold-coast-highway-palm-beach">Hemingway development</a> sell out, the suburb remained in hot demand, but supply wasn't there to match it. When a project like <a href="https://www.urban.com.au/new-apartments/seaclusion-202-4-twenty-first-avenue-palm-beach">Seaclusion</a>, 40 one two and three-bedroom units on Twenty First Avenue entered the market, the majority of apartments were snapped up within a month.

It wasn't until earlier this year that the tap was turned back on. Prominent Gold Coast developer Sherpa brought to the market Perspective Nexus, 35 apartments at&nbsp;949 Gold Coast Highway&nbsp;that have race to 75 per cent sold, while fellow renowned local developer&nbsp;<a href="https://www.urban.com.au/developers/marquee-development-partners">Marquee Development Partners</a>&nbsp;launched <a href="https://www.urban.com.au/new-apartments/la-belle-palm-beach-332-the-esplanade-palm-beach">La Belle Palm Beach</a> to similar fanfare. Over 80 per cent of the 75 apartments on offer were snapped up, making La Belle the fastest selling project on the Gold Coast in 2024.

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The apartment pipeline for Palm Beach looks strong, as demand will be somewhat to be satisifed by the number of developments waiting to hit the market.

<a href="https://www.urban.com.au/developers/sherpa-property-group">Sherpa</a> is soon to launch <a href="/new-apartments/flourish-on-sixth-ave-6-12-sixth-avenue-palm-beach">Flourish on Sixth</a>, the first development of its Flourish brand that caters for a wider range of buyers with a diverse mix of 94 one, two and three-bedroom apartments.

Tim Gordon's <a href="https://www.urban.com.au/developers/gordon-corp">Gordon Corp</a>, in another joint venture with the Mathieson hospitality family, is <a href="https://www.urban.com.au/news/qld/first-look-exclusive-gordon-corp-team-up-again-with-mathieson-family-and-join-booming-palm-beach-off-the-plan-apartment-market">teaming up again</a> to create a development that is also expecting to attract several buyer camps.

"We have been very deliberate in not pushing scale, or density,” Gordon Corp Sales and Marketing Director Lara Dimond&nbsp;said.

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The building, designed by&nbsp;<a href="https://www.urban.com.au/architects/cottee-parker-architects" target="">Cottee Parker</a>, comprises 47 two and three-bedroom apartments across a nine-level building at&nbsp;<a href="https://www.urban.com.au/new-apartments/62-64-jefferson-lane-palm-beach">62-64 Jefferson Lane</a>, just one row back from the beach.

The apartments start from 115 sqm and range in size to 275 sqm. Private resident amenities have been incorporated on the ground floor. There will be a 15m lap pool with day beds and cabanas, a wellness centre with cold plunge and a hot spa, as well as a sauna and steam room. The wellness centre will also feature a&nbsp;state-of-the-art gym.

One of the most recent submissions is for one of Palm Beach's largest developments to date.

B.K.A Holdings Pty Ltd, a company directed by solicitor David Ingwersen, has <a href="https://www.urban.com.au/news/qld/first-look-exclusive-palm-beach-apartment-pipeline-ramps-up-another-notch">proposed two 13-level towers</a> on an&nbsp;amalgamated six-lot, 2,472 sqm site at 1395-1405 Gold Coast Highway and 436-438 The Esplanade, which would home 98 two, three and four-bedroom apartments.

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The West Tower will have the bulk of the apartments (72), with six units per floor, while the East Tower will have just 25 three-bedroom apartments, each with a multi-purpose room, and a sole four-bedroom penthouse.

There will be two small hospitality venues on the ground floor of the buildings. The more dense buildings will have greater amenity, in the form of a ground level swimming pool and a wellness centre with a gym, steam room, and sauna, while the more boutique building will have the same facilities, just without the gym.

Demand from both developers and buyers is expected to see Palm Beach continually be one of the most popular suburbs on the Gold Coast for the foreseeable. Over the last four quarters, Palm Beach has been the most searched Gold Coast suburb on Urban.com.au.

Joel Robinson

Palm Beach: The most indemand off the plan apartment market on the Gold Coast

Melbourne developer&nbsp;<a href="https://www.urban.com.au/developers/pask-group">Pask Group</a> will welcome off the plan apartment buyers to its luxury Palm Beach apartment development, Esplanade, in the coming weeks.

Esplanade was a hit with buyers during the pandemic, quickly selling out back in 2022.

Projeckt marketing company, NPA Projects, who sold the project on behalf of Pask Group, is completing its final pre-settlement inspections before handing over the keys to the homeowners.

"The building's been well handled by <a href="https://www.urban.com.au/builders/hutchinson-builders">Hutchinson's</a>," Andrew Erwin from NPA Projects said, adding that owners&nbsp;will receive their keys and move-in welcome packs on July 1.

&nbsp;

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Designed by <a href="https://www.urban.com.au/architects/plus-architecture">Plus Architecture</a> and set in landscaping by <a href="https://www.urban.com.au/landscape-architect/form">FORM Landscape Architect</a>, Esplanade features two dual-level Beach Houses, 12 apartments, and two penthouses, ranging from 220 sqm up to 446 sqm.

The split-level, four-bedroom Beach Houses start on ground level, each with its own private plunge pool and living spaces wrapped around a private courtyard. Each Beach House also features two open-plan kitchens, living and dining areas, and separate guest quarters located on the lower floor.

The three-bedroom apartments, which start from 220 sqm, run at two per floor to level eight, and every apartment will have a large ocean-facing balcony.

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On the ground level is the resident amenity, which includes a 20-metre lap pool with wet edge and sunken lounges, outdoor dining areas and barbecue space, as well as a gym – cultivating a resort-style living experience and a strong sense of community.

<a href="https://www.urban.com.au/developments/palm-beach-qld-4221">Palm Beach</a>&nbsp;has continued to be one of the hottest markets on the Gold Coast from the pandemic through to now. <a href="https://www.urban.com.au/news/qld/first-look-exclusive-ignite-projects-head-back-to-palm-beach-beachfront-with-latest-apartment-development">Ignite is heading back to the beachfront</a> having sold out <a href="https://www.urban.com.au/new-apartments/cabana-1-nineteenth-avenue-palm-beach">Cabana</a> at around the same time as Esplanade. They're planning a September launch for their new project on Jefferson Lane, 36 apartments designed by&nbsp;<a href="https://www.urban.com.au/architects/plus-architecture" target="">Plus Architecture</a>.

Sherpa has eyes on another project having acquired <a href="https://www.urban.com.au/news/qld/sherpa-secure-three-new-palm-beach-sites-for-next-gold-coast-apartment-development">three adjoining sites at 8-12 Sixth Avenue for its next project</a>, while they continue building <a href="/new-apartments/perspective-nexus">Perspective Nexus</a>, also in Palm Beach.

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mikah.m@urban.com.au

Buyers to move into Pask's The Esplanade, Palm Beach apartments

Plus Architecture Director Danny Juric spoke on the design aesthetic of Esplanade, which utilises natural materials to complement the unrivalled beach views, rather than detract from them.

Following recent development approval, Plus Architecture will continue its domination of the Gold Coast&rsquo;s prime property locations with Esplanade on Palm Beach.

Possessing a beachfront location in north Palm Beach, Plus Architecture&rsquo;s latest project, in collaboration with Pask, is a boutique collection of 16 residences on the sand of the Esplanade.&nbsp;

Plus Architecture Director Danny Juric spoke on the design aesthetic of Esplanade, which utilises natural materials to complement the unrivalled beach views, rather than detract from them.

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&ldquo;Located on a secluded avenue along the beach, the soft repetitive rhythm of the eastern fa&ccedil;ade captures the essence of the ocean, accentuating the primary axis of the site and encompassing coastal living at its most sophisticated,&rdquo; Juric said.

&ldquo;Here, masterful architecture together with elegant interiors deliver a considered luxury residential offering of pristine beaches, tranquil parklands and a bursting cosmopolitan lifestyle scene, something many could only dream of. It is modern living at its most inspired,&rdquo; he said.

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Esplanade&rsquo;s interiors are an expression of coastal sophistication, underpinned by a warm palette of finishes set against an iconic ocean backdrop. Framed by panoramic views of the ocean and headland, the open-plan living area is a celebration of coastal luxury and timeless style, with residences opening to expansive terraces, connecting the indoor and the outdoor.

With spacious apartments starting from 220 sqm up to 446 sqm, Esplanade will provide occupants with shared recreational areas to enjoy such as a gym, pool and barbeque and dining areas. Featuring an elusive collection of communal amenities, ground-floor recreation spaces combine with dining facilities and generous storage &ndash; cultivating a resort-style living experience and a strong sense of community.

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Esplanade will be the next project to follow in the footsteps of other Plus-designed sell out developments in prime Gold Coast locations such as Luna Burleigh, One Cannes at Surfers Paradise and Del Ray at Kirra Beach.

Construction is underway with expected completion in early 2023.

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alisonwarters@gmail.com

How Plus Architecture designed Pask's The Esplanade, Palm Beach apartments

NPA Projects Director Andrew Erwin says he has seen interest from Gold Coast locals, as well as from Brisbane, Sydney, Melbourne and New Zealand.

The well-regarded property developer, Pask, has kicked off its sales campaign&nbsp;at its luxury Palm Beach apartment development on the sought-after The Esplanade.

Strong demand from buyers has seen half of the 16 residences snapped up prior to the project&rsquo;s retail sales launch.

NPA Projects Director Andrew Erwin saying he&#39;s seen interest from Gold Coast locals, as well as from Brisbane, and Melbourne.&nbsp;

&quot;Great design and quality craftsmanship are what Pask are well-known for in Melbourne,&quot;&nbsp;Erwin says, highlighting their work at the Millswyn, a collection of eight luxury apartments, two penthouses and a restored heritage residence in South Yarra&rsquo;s exclusive Domain precinct.

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Erwin said buyers are drawn to the location, at the quieter end of The Esplanade, in an area he calls &quot;North Palm Beach.&quot;

&quot;North Palm Beach is essentially its own area,&quot;&nbsp;Erwin says, with the top of The Esplanade located closer to the picturesque Burleigh Headland and Tallebudgera Creek.

Designed by Plus Architecture and set in landscaping by FORM Landscape Architect, the project features&nbsp;two dual-level Beach Houses, 12 Beach Residences, and two penthouses.

[smartcode_project:default project_id=107137 project_image_fid=182229]

The split level, four-bedroom Beach Houses start on ground level, each with their own private plunge pool and living spaces wrapped around a private courtyard. Each Beach House also features two open plan kitchens, living and dining areas, and a separate guest quarters located on the lower floor.

The three-bedroom Beach Residences, which start from 220 sqm, run at two-per-floor to level eight, and every apartment will have a large ocean-facing balcony.

On the ground level is the resident amenity, which includes a 20 metre lap pool with wet edge and sunken lounges, outdoor dining areas and a barbecue space, as well as a gym.

[smartcode_project:default project_id=107137 project_image_fid=182228]

Price range between $3.2 million and $5.95 million.

Pask have timed their entry to the booming Palm Beach market, which is showing no signs of slowing down.

Settlement is due in early 2023.

About The Developer

Pask was founded by family patriarch Nev Pask over five decades ago. Since then, the company has grown in to one of Australia&#39;s leading property developers, with a legacy of over 100 developments across the country.

The company is now ran by Nev&#39;s son Dean, who has grown Pask across Queensland and Victoria. They&#39;ve only recently turned their attention to the boutique apartment development market, having initially started their journey with greenfield developments.

Their first greenfields site in Queensland was&nbsp;Arise at Rochedale, south of the Brisbane CBD and one of Brisbane&#39;s last master-planned greenfield communities. That now has over 1500 homes, having first been developed over 20 years ago.

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Esplanade

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Palm Beach: The most indemand off the plan apartment market on the Gold Coast

Buyers to move into Pask's The Esplanade, Palm Beach apartments

How Plus Architecture designed Pask's The Esplanade, Palm Beach apartments

Sales launch at Pask's luxury Esplanade, Palm Beach apartment development

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