Yves Mermaid Beach approaches sell out after penthouse sales

Completion of the 146 Rothelowman-designed apartments is slated for later this year, with tier one builder Hutchies handling the construction
Yves Mermaid Beach approaches sell out after penthouse sales
Joel RobinsonJanuary 18, 2024SALES UPDATE

Hirsch & Faigen are fast approaching sell out of their third Gold Coast apartment development, Yves Mermaid Beach.

Just two two-bedroom apartments remain in the Mermaid Avenue development, after the penthouse and sub penthouse sold for $6 million and $5 million a piece over the Christmas period.

Both were snapped up by locals, Hirsch & Faigen's Sales Director Matt George says. Local demand has been a consistent theme over the last 12 months, according to George.

Completion of the 146 Rothelowman-designed apartments is slated for later this year, with tier one builder Hutchies handling the construction.

The final four-bedroom sub-penthouse which fetched $5 million features open-plan living areas and spacious balconies overlooking the Pacific Ocean. A Melbourne investor purchased the other sub-penthouse last year.

The $6 million penthouse has its own private terrace and 335 sqm of interior living space. It has four bedrooms, a study, four and a half baths, and three car spaces. It offers a sought-after northeast view of the Pacific Ocean and the Gold Coast city skyline. 

The resident amenity in Yves include a state-of-the-art gym with a sauna, and a pool.

The two remaining apartments at Yves, both with two bedrooms, start from $1.25 million.

 

Matt George says there's been more enquiry in 2023 than there was in 2022, which is a promising sign for the Gold Coast apartment market.

George still has the final piece of the puzzle at Hirsch & Faigen's Emerson Kirra development, the $10 million penthouse, to sell before calling that a sell out. There's a few interstate parties interested.

The Melbourne developer's first Gold Coast apartment development, Hemingway at Palm Beach, recently settled with a 100% settlement rate.

Joel Robinson

Joel Robinson is the Editor in Chief at Apartments.com.au, where he leads the editorial team and oversees the country’s most comprehensive news coverage dedicated to the off the plan property market. With more than a decade of experience in residential real estate journalism, Joel brings deep insight into Australia’s evolving development landscape.

He holds a degree in Business Management with a major in Journalism from Leeds Beckett University in the UK, and has developed a particular expertise in off the plan apartment space. Joel’s editorial lens spans the full lifecycle of a project—from site acquisition and planning approvals through to new launches, construction completions, and final sell-out—delivering trusted, buyer-focused content that supports informed decision-making across the property journey

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