The Mantaray is part of a fresh wave of luxury development on the Gold Coast, led by high-profile players and fuelled by cashed-up buyers, often from interstate.
Already a subscriber?Sydneysiders looking for a luxury beach break on the Gold Coast have snapped two sub-penthouses for $17.5 million apiece at the Mantaray Marina and Residences, a high-profile project by pub baron Bruce Mathieson and development partner Tim Gordon, CEO of Gordon Corp.
Gordon Corp’s sales and marketing director, Lara Dimond, said the sub-penthouses each comprise 1065 square metres, similar to the size of homes on large private estates. One of the purchasers had customised their floor plan, she said.“In customising their home, the buyer has extended their entertaining space to capture north-eastern ocean aspects and showcase the Gold Coast’s famous sunsets over the Broadwater,” she said.
Designed by architects Rothelowman, the Mantaray is the first development to be delivered under the state government’s master plan for The Spit. Three-bedroom apartments in the project start at $8.5 million, while those with roof terraces start from $12.5 million, and the penthouse residences start from $14.4 million.
While the number of new apartment sales in the three months to the end of December was the second lowest of any quarter in the past three years, the average price was 14.5 per cent higher than the previous record of $1.44 million in the September quarter of 2022, and 45 per cent up quarter on quarter from the $1.134 million average at the end of September last year.with nearly 1000 apartments opposite Pacific Fair Shopping Centre at Mermaid Beach.
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