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Eight luxury residences in Gold Coast developer 5Point’s $80m Palm Shores development have sold during their four-week pre-launch campaign.
The rapid sales, half of all homes available, highlight 5Point’s presence and reputation with local downsizers and interstate buyers seeking high-end beachfront living in one of the Gold Coast’s most sought-after locales.
Positioned at 171-173 Jefferson Lane, the project follows the success of the developer’s Ophira project.
5Point Projects director Damian Dove said the strong sales momentum reflected the developer’s longstanding commitment to Palm Beach and the area’s status as a premier destination for luxury beachfront living.
“Palm Shores embodies our passion for creating residences that reflect the distinctive essence of Palm Beach while exceeding the expectations of discerning buyers,” Mr Dove said.
“With limited absolute beachfront development opportunities remaining, Palm Shores presents a rare chance for buyers to secure a luxury residence in this highly coveted location.”
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Mr Dove also highlighted the diversity of buyers as a key indicator of the area’s growing appeal.
The development features 16 residences across nine levels, as well as two exclusive four-bedroom beach homes with direct beach access.
Every detail of Palm Shores has been carefully considered, from its natural stone and timber finishes to high-end appliances from Gaggenau and Brushed Bronze fittings, ensuring each residence embodies coastal sophistication.
Designed in collaboration with award-winning Plus-Architects, the project offers a rare opportunity to own a slice of absolute beachfront living, with 20m of beach frontage and a suite of premium amenities, including rooftop pools, barbecue areas, and exclusive resident facilities.
Construction of Palm Shores started earlier this month, with completion anticipated for October 2026.
