Record-Breaking Oversized Penthouse Underway at One of Queensland’s Best Beaches

Buyers looking for their dream home on the Gold Coast are being offered a once-in-a-lifetime opportunity with the release of Faro Broadbeach, an exclusive collection of ultra-luxurious full-floor apartments.Located in the prestigious Gold Coast enclave of Broadbeach, Faro Broadbeach is set to become a landmark address with its multiple spacious sky homes designed to impress even the most discerning buyers.This high-end development features 15 full-floor apartments and several double-storey sky homes, all north-facing and just steps from the beach.Record-breaking salesThe sale of the penthouse, exceeding $10 million, set a Broadbeach record and achieved the highest price per square meter for a non-beachfront apartment, coming in at more than $30,000 per sqm.This highlights the exceptional value and exclusivity of Faro Broadbeach.These incredible residences have broken local price records.An opportunity not to be missedAccording to Damian Dove, Director of 5Point Projects, the development has already garnered significant interest, with more than 50% of the sky homes sold.Initially targeted at high-income over-55 buyers, the luxurious approach and starting prices from $3.1 million have also attracted a diverse range of demographics, including younger buyers.“We have had a really positive response to our design and overall quality being offered, discerning buyers have done their homework and this has lead to us securing buyers seeking this value and future returns,” Mr Dove says.”A clear demonstration of this, was our recent sale of the penthouse to a buyer who had the budget to pick from any property on the market – on or off beachfront – and choose Faro, as their home away from home,” he adds.”We have even had some recent sales from the younger professional demographic who also see this as a high returning investment.”The residents have captivated buyers in the Broadbeach area.Luxurious features and prime locationThe residences boast plush fixtures and finishes, including limestone island benches, bronze mirror accents.Premium appliances from Swiss brand V-ZUG, including induction cooktops, integrated French door refrigerators, and built-in wine fridges, ensure that buyers who love to entertain will have everything they need for a seamless and luxurious hosting experience.These modern homes are also fully automated, with control over lighting, air conditioning, speakers, and blinds.Each apartment has a purpose-built layout designed to offer the feel of a large home rather than a traditional apartment.”Part of creating a luxury apartment is creating a sense of both light and space,” Mr Dove explains.”The rooms all have a dedicated purpose, they don’t roll into the next, which you get in smaller sized apartments. In these the lounge room is not also your corridor. Every room is planned for its purpose like a media room or study.”Another highlight is that every apartment has an aspect facing north with floor to ceiling glazing to take in the view.Unmatched amenitiesResidents of Faro Broadbeach will enjoy best-in-class amenities, including a state-of-the-art fitness centre, a luxurious magnesium swimming pool with cabanas, saunas, and built-in garden beds.These facilities are located on an upper deck, allowing residents to enjoy ocean views while exercising and relaxing.The features and amenities resemble resort living.Stunning views and prime locationWith city skyline and ocean views, Faro Broadbeach offers an unparalleled living experience. The development is one block back from the water and has a dedicated walkway to the beach, placing residents just 200m from the sand.The residences are also within walking distance to shops and the Broadbeach dining precinct, making it convenient to enjoy the vibrant local lifestyle.Faro Broadbeach offers a unique opportunity for those seeking luxury coastal living without compromising on space and exclusivity.“These incredible prices are reflective of the vision, design and collaboration of the project team,” the Bottega Group team explains.With construction due for completion at the end of 2025, potential buyers are encouraged to act fast to secure their spot in this prestigious development.