Record square metre price paid for Surfers Paradise penthouse

A Sydney family has paid $9m for a penthouse in Chevron One Residences.
A MASSIVE $9 million deal has been struck for a penthouse in Surfers Paradise – the highest price paid per square metre for an apartment on the Gold Coast.
At $24,725 per square metre, the off-the-plan contract of the four-bedroom apartment in Chevron One Residences on Chevron Island was signed by a Sydney family who plan to use the luxury residence as a holiday home.
Renders of Chevron One Residences.
Renders of Chevron One Residences.
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By comparison, the 1070sq m Soul penthouse which sold for a record-breaking price of $15.25 million in May, 2021, equated to $14,252 per square metre.
The Chevron Island penthouse, marketed as a “skyhome”, spans 364 sqm and features bespoke stone, timber joinery and European appliances as well as views of the Surfers Paradise skyline.
Renders of Chevron One Residences.
Bensons Property Group are behind the $350 million 41-level project at 42 Stanhill Drive.
“The Sydney buyers holiday on the Gold Coast and bring their kids up every school holidays so they wanted something with amazing views and that they could lock and leave,” said Bensons Property Group’s Andrew Crichton.
“They didn’t want to be in the busy areas of Broadbeach or Surfers Paradise (beachfront) so this gives them something that is close but not in those areas.”
Renders of Chevron One Residences.
“We updated the skyhome finishes a year and a half ago and so the finishes were also a big appeal.
“Being a record price for square metre rate really sets the tone for the rest of the sky homes that will be on offer.”
Chevron One, designed by Marchese Partners and currently under construction at 42 Stanhill Drive, will be the tallest tower on Chevron Island once built.
It is part of a wave of new development ramping up on the once quiet island locale.
Elias Jreissati, pictured with wife Colleen will retain a “super-penthouse” in Chevron One. Picture: Mark Stewart
A sub-penthouse, with a price tag of $25 million, is expected to be released in the coming weeks while a super-penthouse on levels 40 and 41 that is almost 2000 sqm will be retained by Bensons Property Group chairman Elias Jreissati and his wife Colleen.
Remaining apartments are priced at more than $1 million.
Chevron One is expected to be built by late 2024.

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