KTQ release near $17 million Miles Residences, Kirra Beach penthouse

“There will never be another penthouse of this calibre and position on the southern Gold Coast.”
KTQ release near $17 million Miles Residences, Kirra Beach penthouse
The Miles Penthouse at Kirra Beach. Image supplied
Joel Robinson December 30, 2021

As they gear up to release something special to the Surfers Paradise beachfront, the family-ran KTQ Group are set to top off their hugely successful Miles Residences project at Kirra Beach.

KTQ, led by Peggy Flannery, has just released the special penthouse crowning Miles Residences, which sold out in just a couple of months after its launch in December 2020.

Miles Penthouse, the most elevated penthouse on the southern Gold Coast and priced at $16.75 million, has been two years in design to offer a complete custom residence.

The 760 sqm split-level penthouse will be made up of five ensuited bedrooms, a state-of-the-art gym, home office, three living areas, and a study.

The heart of the heart of the home if the open plan kitchen, living and dining area, which also homes a bar. The penthouse also features a rooftop entertaining deck, accessed by private lift and featuring a private pool, as well as offering unobstructed views north across Kirra Beach to Surfers Paradise and south to Snapper Rocks.

“We purposely held back the release of this penthouse as it has been our passion to take advantage of this incredibly rare opportunity and create something of distinction overlooking Kirra beach,” said Jeremy Holmes, Development Director of KTQ Group.

“There will never be another penthouse of this calibre and position on the southern Gold Coast.”

“No detail has been overlooked, this penthouse contains every consideration for elevated coastal living including a secure seven car garage with storage.”

The penthouse collection was initially devised as a duo; however, the second penthouse has been retained by Peggy and Brian Flannery.

“We fell in love with the ambitious design of the penthouse, it became a passion project for us to devise the most indulgent home we could envision, and once we witnessed the finished product, we found ourselves too enamoured to give it up,” Peggy Flannery said.

“Such a remarkable destination demanded an equally scintillating residential offering, and so the penthouse was born from a desire to elevate the greatest natural assets on offer in Kirra.

Tim Keenan, of Keenan and Co who sold out all 118 apartments of Miles Residences as part of the $350 million redevelopment of the Kirra Beach Hotel, says prospects from around Australia have been aware the penthouse was coming to market.

“We’ve had some approaches from groups mindful that we would bring this to the market at some point, so there is definitely some keen interest,” said Mr Keenan.

“It really is an incredible, once in a lifetime offering and we expect very keen interest in the coming weeks.”

Construction on Miles Residences is currently underway, with construction of the crowning penthouse due for completion in mid-2023.

Joel Robinson

Joel Robinson is the Editor in Chief at Urban.com.au, managing Urban's editorial team and creating the largest news cycle for the off the plan property market in the country. Joel has been writing about residential real estate for nearly a decade, following a degree in Business Management with a major in Journalism at Leeds Beckett University in England. He specializes in off the plan apartments, and has a particular interest in the development application process for new projects.

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