Local and interstate buyers buy up big near the water

A $103 million Maroochydore development recognised for setting a benchmark in residential design has achieved record-breaking sales, smashing its own $5.65 million record previously set for the same project.

Mosaic Property Group’s Avalon development on Duporth Ave won the inaugural Design Excellence award late last year from the Urban Development Institute of Australia (Qld).

Two whole-floor luxury penthouse residences have achieved between $5.65 million and $6 million, along with eight other sales for half-floor luxury apartments, ranging in price between $2.6 million and just under $3 million.

The 524sq m residences on levels seven and eight, each an amalgamation of two riverfront apartments, feature a coveted northerly aspect; four bedrooms, including a magnificent 90sq m master suite; four bathrooms plus powder room; chef’s kitchen with scullery; media room; study; library; wine cellar; fireplace, between six to eight car spaces; and private boat moorings.

Mosaic Property Group said nothing of its kind had previously been delivered on this iconic and rare, northeast facing riverfront in Maroochydore.

Officially launched late last year, Avalon reached more than $50 million in sales, with strong ongoing interest from local and interstate buyers.

Comprising 86 two and three-bedroom apartments, including a range of exclusive waterfront residences, the development has a ground-floor artisan cafe, gym, sauna, steam room, private pontoon, watercraft storage, resort pool, sun decks and an exclusive concierge service.

Mosaic Property Group managing director Brook Monahan said the achievement was the ultimate culmination in what had been a phenomenal success story so far for Avalon.

Source: News Corp Australia, Courier Mail, HOME 16 March 2019