Why boutique living is all the rage in beachside suburb

The Finn is at 120–122 Albatross Ave, Mermaid Beach.

Local downsizers are looking for high-end alternatives to traditional high-rise living according to one Gold Coast developer.

CEO of Alroe, Tye Alroe, said a recent sales rush at his $31m Mermaid Beach development The Finn represented a broader market shift with homeowners looking to capitalise on capital growth and secure luxury homes with less maintenance.

One of the residences at The Finn.

“We’re seeing a continued push from established locals who are selling large family homes and opting for a premium residence in familiar, well-connected locations,” Mr Alroe said. “The Finn meets that need – it’s low-density, design-led, and offers the level of sophistication buyers expect when downsizing from multimillion-dollar homes.”

Six of the eight villas are already sold with more than $23.5m in sales secured ahead of completion.

One of the kitchens.

Only two luxury residences remain in the development.

Sales have averaged close to $4m, underlining sustained demand in the top end of the market.

“This is a segment that’s growing rapidly – equity-rich locals, including downsizers and professionals, want space, style and proximity to lifestyle amenities without moving into high-rise buildings,” Mr Alroe said.

“Our strategy has always been to deliver premium boutique residences in blue-chip locations that offer lasting value, and The Finn is a direct result of that focus.”

The remaining villas – priced from $3m – include a ground-floor residence, villa 1, which will be marketed through a standard expressions of interest campaign, and an upper-level residence, villa 6, which will go to auction on May 8.

Beach views.

MORE NEWS: Half a garage space sells for record sum, beating mansions

Interest rate cuts drive refinancing boom

Is this the Gold Coast’s best kept secret?

The Finn is at 120–122 Albatross Ave and within walking distance of the beach. There are eight villas ranging from 214 sqm to 390 sqm.

Each residence includes three-bedroom layouts, private pools or rooftop terraces, and landscaping.

The design draws on coastal-inspired materials and finishes, including Venetian render, travertine stone, large-format floor plans, and 3m ceilings. Home offices, private garages, and multiple living zones tailored for owner-occupiers are also included.

The post Why boutique living is all the rage in beachside suburb appeared first on realestate.com.au.