Gold Coast penthouse sells for almost $4m to Melbourne buyers

THE state border is closed but it’s not deterring interstate buyers with a Melbourne family splashing almost $4 million on a trophy penthouse on the Gold Coast.

A $3.95 million contract for the two-level trophy penthouse in the Oracle building at Broadbeach went unconditional on Thursday.

24001/21 Elizabeth Ave, Broadbeach has sold to a Melbourne buyer.



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The sale went ahead despite the buyers not even stepping foot inside the residence – all the inspections were done via Facetime.

“This is now the fifth luxury property deal I have done in the past four to six weeks via Facetime,” said marketing agent Tolemy Stevens, of Harcourts Coastal.

“Even though the buyer had multiple Facetime inspections with me and had a personal friend inspect the property for them, the purchasers have not stepped foot into the penthouse.

“It’s a continuing testament that shows how strong the appetite from Sydney and Melbourne buyers is to secure luxury homes on the Gold Coast.”


Enjoy a bird’s eye view of the Gold Coast.


The penthouse takes up the entire northern side of levels 40 and 41 in the Oracle Tower 2.

“The new owner plans to do a few minor renovations to the property so by the time the borders open it’s ready to go,” he said.

It is the first time the property has been on the market since it was built 10 years ago.

“The Oracle is one of the most sought-after and well-known luxury apartment buildings on the Gold Coast,” Mr Stevens said.

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“This penthouse is extremely sought-after not only due to its size and views but due to its location being in the middle of everything – the trendy shops, cafes and restaurants in Broadbeach.”

The penthouse features high-end interiors throughout.


The property, first put on the market in December, 2019, has its own private lift, a rooftop heated pool, home cinema area, wraparound balconies and floor to ceiling windows.

Property records reveal the overseas-based sellers paid $3.9 million for the residence in 2008.

Mr Stevens said the Gold Coast was fast becoming a “beacon of hope and safety” for interstate buyers.

“People seem to just want to get out of Sydney and Melbourne ASAP and people are seeing the Gold Coast as a safe place to permanently live or have a holiday home with its open space, the sun, beach, sand and lifestyle,” Mr Stevens said.

“This unfortunate pandemic has put a light on how good the Gold Coast really is.”


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