Luxury waterfront Gold Coast home hits market with eyes on a record sale

With vanishing glass walls and an infinity pool that appears to flow into the sea, the sale of this spectacular waterfront residence is poised to set a record.

A contemporary waterfront home occupying a coveted position on Queensland’s Palm Beach is expected to fetch a sales record.

Offered via expressions of interest, 76 Mallawa Drive, Palm Beach sports its own private beach and sweeping views of Burleigh Headland, the Palm Beach city skyline, and the hinterland.

The luxury six-bedroom home designed by architect Jared Poole features plenty of space to move and all the mod-cons.

Glass walls disappear, opening to the outdoor entertaining area like something out of a Hollywood movie. Here you’ll find the heated infinity pool, sunken lounge, and outdoor kitchen and dining area.

“The indoor-outdoor transition is as seamless as it gets, with the 25-metre pool there and the integrated outdoor entertaining. It’s a spectacular architectural build,” said Drew Riley from Riley Real Estate.

The bright and airy residence also includes eight-metre ceilings, hand-cut sandstone walls and a suspended walkway.

There are six large bedrooms, with the master featuring views of the Burleigh headland, a designer chandelier, mirrored wardrobes and an ensuite with a glass roof and stunning views.

The current owners are headed overseas after purchasing the property in 2017 for $3.6 million, Mr Riley said.

“In Palm Beach in 2017, the build would have cost more than that,” he pointed out.

Mr Riley said the property would suit several categories of buyers, from families searching for a trophy home, to interstate buyers or travellers keen on a low-maintenance luxury pad.

“It could be a family just looking to buy a waterfront home where the water is clearer than anywhere in Palm Beach,” he added.

So far, interest has come from local families as well as overseas.

“There’s literally no expense spared. There’s glass roofs, hand-cut sandstone featured throughout, a suspended concrete slab and Venetian render.

“If you’re looking for a Jared Poole designed statement home like this on the southern Gold Coast, you’re not going to find anything better. It’s really, really special.”

The enclave of waterfront homes on the strip is tightly held and while the price being sought is undisclosed, the sale is expected to net a record.

“Even the offers we’ve had to this point, would achieve a record,” Mr Riley added.

“There’s only about 500 homes on the water. Only since Covid and beyond has it really gentrified a lot, but it’s moving quickly.

“Homes like this aren’t offered in Palm Beach. There are homes like it, but no one’s put one on the market. So, it’s really in a class of its own.”

As well as being an easy walk to nearby beaches, the property is also close to shopping and parkland, as well as elite schools.

Expressions of interest close on 12 November.

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