4/3565 Main Beach Pde, Main Beach
A luxury apartment within Harvey Norman CEO Katie Page-Harvey’s Main Beach development was snapped up less than 24 hours after hitting the market with a $7.3m price tag.
The beachfront bolthole in the eight-level tower was owned by the late Papua New Guinea business leader and philanthropist, Sir Kostas Constantinou.
Marketed by Queensland Sotheby’s agent Kim Sharpe, the fourth-floor apartment in Ms Page-Harvey’s M3565 building sold to a local buyer.
Katie Page-Harvey at this year’s Magic Millions race day. Picture: Luke Marsden.
“Due to the limited availability of oceanfront properties, beachfront apartments always attract significant interest,” Mr Sharpe said.
“The four bedrooms and four bathrooms of M3565, a prestigious mid-rise building, appeal to many prospective buyers.”
Ms Page-Harvey retains the penthouse and another apartment within the seven-unit building on Main Beach Pde.
Designed by Sydney architect Virginia Kerridge, the building showcases raw textural materials of concrete, timber and glass with a six-star sustainability rating.
There are seven apartments in the building
Property records show Unit 4 had been held in Mr Constantinou’s name since 2018, when it sold for $5.5m.
The 330 sqm unit with a double car space was described in the listing as a “full-floor contemporary super-apartment epitomising refined direct oceanfront living”.
Features include floor-to-ceiling glass with timber screening, open-plan living and dining zone with a bar, kitchen fitted with top-range appliances, hardwood flooring and custom joinery.
Each of the bedrooms has direct access to a terrace, while three are ensuited.
The unit has four bedrooms and four bathrooms
Open-plan living and dining with bespoke finishes
“With prime on-sand beachfront positions in scarce supply, new building development costs soaring, and construction timelines experiencing significant delays, this rare property stands ready and presents an immediate move-in-ready opportunity in the most enviable of locations,” the listing said.
While the sale amount is undisclosed prior to settlement, it is understood to be near the asking price, representing a comparable uplift to another recent resale within the residents-only building.
Unit 2 sold in January for $6.35m, four years after it was bought off the plan for $4.5m.
The third-floor apartment, owned by internet millionaire Adam Hudson, was also listed for sale last year at $7.35m.
The development was completed in 2018
The building’s exterior is naturally weathered
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Sir Constantinou employed thousands of people and expanded PNG businesses around Asia and the Pacific as the founder of the Constantinou Group of Companies.
He was regarded as a visionary leader and avid promoter of good governance and gender equality, and died aged 66 in 2023 following heart complications, according to family.
Ms Page-Harvey is married to Gold Coast entrepreneur Gerry Harvey and serves as CEO to the multi-billion dollar retail chain.
She paid $15.5m for the 882 sqm M3565 in 2007, completing the development in 2018 with the five remaining units sold for between $4.5m and $6.25m.
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