Ophira Palm Beach Makes Waves: Over 50% Sold in Record Time

Ophira Palm Beach Views Render
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In a remarkable surge of interest, buyers have flocked to secure their piece of paradise at Ophira Palm Beach, the exclusive off-the-plan beachfront apartment project by 5Point Projects. Just weeks into the market, Ophira has surpassed the 50% sold mark, with the $60 million development becoming a beacon of luxury along the Gold Coast’s newly established “millionaire’s row.”

Capturing the essence of exclusivity, Ophira Palm Beach has already sold five of its entire floor residences, each fetching over $7 million. Damian Dove, Director of 5Point Projects, attributes this phenomenon to the allure of luxury and space offered by Ophira, combined with its status as the sole absolute beachfront project in Palm Beach.

Mr. Dove expressed his delight, stating,

“I think the locality of buyers we’ve welcomed is a huge testament to Ophira’s appeal to discerning locals who have a deep appreciation and understanding of the project’s positioning as one of the coast’s most coveted residential addresses.”

Ophira Palm Beach, comprising seven full-floor sky homes and a two-level penthouse, has captured the attention of local buyers well before its official release. Meticulously designed by BDA Architects, each full-floor residence boasts spacious living areas ranging from 290qm to 317sqm, complete with large open balconies and floor-to-ceiling glass windows offering breathtaking ocean views.

The two-level penthouse, spanning 637sqm, features four bedrooms, five bathrooms, and a private outdoor entertainment area with a pool, spa, sauna, sundeck, teppanyaki bar, sunken lounge, and fire pit.

Ophira’s exclusive collection of full-floor sky homes, accessible through private entryways, unveils a meticulously designed tranquil oasis. Wine storage, a functional scullery off the kitchen, three spacious fully-ensuited bedrooms with designer robes, a study, and a family/media room complete the picture of opulent living.

“As with each of our projects, we wanted to create something that differentiated itself from the market. I think the sales we’ve achieved to date are a strong indication that our aptitude for quality design and remarkable architecture are resonating with buyers,” said Mr. Dove.

Construction is officially underway, and the remaining Ophira residences start from $6.55 million. With the current pace of sales, 5Point Projects anticipates a swift sell-out of the remaining apartments. Discerning individuals seeking the epitome of coastal luxury living are invited to secure their spot in this unparalleled development, where exquisite design meets the natural beauty of the Palm Beach foreshore.

5Point Projects, in colaboration with Bottega Projects, have recently announced the commencement of their upcoming luxury beachside apartment project, Faro. The $80 million vertical village will be situated at 123 Old Burleigh Road in Broadbeach

Note: The information presented in this article is for general informational purposes only and should not be relied upon as legal, financial, or professional advice. While we make every effort to fact-check and verify the information presented, we cannot guarantee its accuracy or completeness. Readers are encouraged to independently verify any information they find on our website and to consult with relevant professionals before making any decisions based on the information presented. The Australian Development Review does not own the rights to the information included within this article, and furthermore, there is no infringement intended from the included text and images within.


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