Yves Mermaid Beach approaches sell out after penthouse sales

Hirsch & Faigen fast approaching sell out of their third Gold Coast apartment development, Yves Mermaid Beach.

Just two two-bedroom apartments remain in the Mermaid Avenue development, after the penthouse and sub penthouse sold for $6 million and $5 million a piece over the Christmas period.

Both were snapped up by locals, Hirsch & Faigenales Director Matt George says. Local demand has been a consistent theme over the last 12 months, according to George.

Completion of the 146 Rothelowman-designed apartments is slated for later this year, with tier one builder Hutchies handling the construction.

The final four-bedroom sub-penthouse which fetched $5 million features open-plan living areas and spacious balconies overlooking the Pacific Ocean. A Melbourne investor purchased the other sub-penthouse last year.

The $6 million penthouse has its own private terrace and 335 sqm of interior living space. It has four bedrooms, a study, four and a half baths, and three car spaces. It offers a sought-after northeast view of the Pacific Ocean and the Gold Coast city skyline. 

The resident amenity in Yves include a state-of-the-art gym with a sauna, and a pool.

The two remaining apartments at Yves, both with two bedrooms, start from $1.25 million.

Matt George says there's been more enquiry in 2023 than there was in 2022, which is a promising sign for the Gold Coast apartment market.

George still has the final piece of the puzzle at Hirsch & FaigenEmerson Kirra development, the $10 million penthouse, to sell before calling that a sell out. There's a few interstate parties interested.

The Melbourne developer's first Gold Coast apartment development, Hemingway at Palm Beach, recently settled with a 100% settlement rate.