Inside the coastal homes half the price of a beachfront unit

An 18-storey project on the Gold Coast is offering 125 apartment units to new beach-loving buyers, at half the price you’d pay for a seafront unit.

Sherpa Property Group has announced stage 2 of their new Palm Beach development, Flourish on Sixth: offering one to three-bedroom apartments with prices beginning as low as $575,000.

With over $110 million in sales for stage one and more than 50 per cent of stage 2 already sold, the project only has a select few 2 and 3 bedroom homes still available to buy.

The building on Sixth Ave is a short walk from the nearby beach, just beyond the Gold Coast Highway.

Sherpa Property Group founder Christie Leet said the price of beachfront property had become so high that many buyers had been priced out of the market completely.

“The disparity between the price of a property in Flourish vs. beachfront, which is 100m away, is 100 per cent – when it should be 30 per cent, based on traditional research,” he said.

“The disparity is very wide, and I think that’s just tremendous value for our buyers.”

Stage 2 of Flourish makes up the project’s Canopy Collection: a series of two to three-bedroom apartments with luxury offerings, beginning at $1.425m.

These 28 units include four penthouse offerings, taking up a corner each of the building’s highest floor.

Remaining two-bedroom apartments in stage one begin in the $800,000 range, with stage two’s premium units expected to go on sale near the end of the year.

Each resident will also be able to enjoy the complex’s 800 sqm rooftop retreat, featuring hot and cold magnesium pools, outdoor barbecues, an indoor private dining space and a gym with yoga zones.

The development will also feature a ‘community sherpa’ on-site, acting as a concierge and activities director for residents to keep up resident quality-of-life.

Mr Leet said the development was deliberately designed to offer features for a variety of generations, with first home buyers making up around a fifth of purchases within the complex so far.

“I’ve met, most if not all of the buyers, and they’re such a beautiful collection of people,” he said. “It’s going to be such a wonderful community. We had an hour-long function; and I’ve been in the industry for 37 years, and that hour was the highlight of my career.”

Mr Leet added that Sherpa had waived sunrise clauses for buyers who had purchased units in the complex, allowing them the certainty of both price and build timeline.

“Many of them thought they’d never get into the real estate market,” he said. “Our pricing structure allowed [access for] many people not normally able to be involved.”

With the building now under construction, residents can expect to move into their new homes between Christmas 2026 and March of 2027. Sherpa has also begun work on another Flourish project on Sixth Ave, with unit prices starting at a higher $1.5m price tag.

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