It’s the first resale since the project was completed last year. Picture: Glenn Hampson
One of just a handful of apartments ever sold in the beachfront Jewel towers will go under the hammer for the first time since the controversial Surfers Paradise project was completed last year.
Buyers have a rare opportunity to step inside the mysterious $1.4bn development as the luxury beachfront unit is open for inspection ahead of the auction on April 7.
The one-bedroom, one-bathroom apartment at 11106/36-44 Old Burleigh Rd is marketed by RE/Max Coast agents, Kevin Brown and Connie Elmer, and is understood to be the first re-sale since the project settled in January 2021.
The apartment was purchased by an overseas buyer in 2016
Stone finishes in the kitchen and bathroom
“Jewel is a stunning development and one that has certainly generated a lot of interest and buzz in recent years,” Mr Brown said.
“Jewel by its design has an air of exclusivity about it. It holds a commanding position on the Surfers Paradise skyline but walking through the grounds of Tower One it is evident that very few of the apartments are occupied full time.
“It is not uncommon for luxury property buyers to collect and hold properties like this for their exclusive but limited use. Much like precious jewels in real life, you could say,” he said.
The overseas owner paid $1.193m for the north-facing apartment on the 11th floor when the project launched off-the-plan sales in 2016.
The project’s history has been controversial
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Construction was delayed amid changes in ownership and design, and only 18 residential units have been sold and settled since, all in Tower One.
The apartment for sale has spectacular ocean views and luxurious interiors, with washed driftwood grain floors, stone benchtops and ducted air-conditioning and heating as well as a spacious outdoor entertaining zone.
Building facilities at Jewel North include a gym, steam room, sauna, heated swimming pool and barbecue area, as well as an in-house cinema, conference rooms and 24-hour security.
Who needs neighbours with a view like that?
The one-bedroom, one-bathroom unit will go under the hammer in April
Ten years in the making, the development concept was put forward for approval in June 2011, but had to be given the green light by state government as its size was beyond local council limits.
Jewel’s three reflective towers rise from the shoreline across 130m of absolute beach frontage, comprising residential units as well as 170 serviced apartments and the 169-room Langham Gold Coast hotel, expected to open this year.
Seven restaurants are also tipped to open within the development.
The post First apartment resale listed in controversial Jewel towers appeared first on realestate.com.au.
