Southeast Queensland developer-builder 5Point has reached a major construction milestone at its exclusive Palm Shores beachfront development in Palm Beach, topping out the $85 million nine-level luxury apartment building as it releases the final two residences to the market.
Palm Shores, a nine-level development located at 171 Jefferson Lane, Palm Beach, is an exclusive collection of just 16 luxury residences on an absolute beachfront site, offering uninterrupted ocean views and direct access to one of the Gold Coast’s most sought-after coastal locations.
With construction progressing towards completion in March 2027, 5Point has released the final two three-bedroom beachfront residences to the market, one with a northern aspect and the other with a southern aspect.
Designed by the highly awarded Plus Architects, Palm Shores occupies an 824sqm beachfront site with 20 metres of absolute beach frontage, comprising 12 three-bedroom apartments, two four-bedroom beach homes and two three-bedroom penthouses.
The final release comprises two half-floor residences, each offering 180sqm of total living space, including an expansive 28sqm balcony, three bedrooms and two-and-a-half bathrooms, with prices starting from $4.8 million.
The topping-out milestone was celebrated on the rooftop of the development, with purchasers joining the 5Point team to mark the completion of structural works and continue a special tradition of engraving their names into the concrete at key construction milestones, creating a lasting personal connection to their future homes.
5Point Managing Director Damian Dove said topping out was a significant achievement for the company and an important step towards delivering the boutique Palm Shores beachfront development.
“Palm Shores represents everything we set out to achieve as a developer and builder, creating an exceptional residential building that responds to its absolute beachfront location while delivering outstanding quality, design and craftsmanship.
“From the outset, we recognised the rarity of this ocean-facing site on Jefferson Lane, Palm Beach and the opportunity to create something very special for an exclusive small number of purchasers seeking the ultimate beachfront lifestyle.
“Reaching topping out is an important milestone for our entire team and reflects the dedication, expertise and attention to detail of everyone involved in bringing Palm Shores to life.
“As both the developer and builder, 5Point has been closely involved in every aspect of the project, from the earliest design decisions through to construction, allowing us to maintain a consistent focus on quality throughout the delivery process,” Mr Dove said.
The boutique development has been designed to maximise its beachfront position, with spacious residences, expansive glazing, generous outdoor entertaining areas and architectural detailing that reflects the relaxed sophistication of Palm Beach.
Interiors incorporate natural stone benchtops, Gaggenau kitchen appliances, oak engineered timber flooring and premium finishes, with an emphasis on quality materials and contemporary coastal design.
Residents will also have access to private recreational amenities, including a swimming pool, cold plunge pool, sauna and outdoor shower, providing a resort-style lifestyle within the intimate residential development.
Dylan Molloy of ARC Project Marketing said the limited availability presented an opportunity for purchasers seeking a luxury beachfront residence in a boutique building approaching completion.
“Palm Shores offers ultra-luxury living directly on the sands of Palm Beach’s prestigious Jefferson Lane.
“With the final release of two residences now available, Palm Shores offers buyers the opportunity to secure an absolute beachfront home in a tightly held location, with the confidence of seeing the building nearing completion.
“Jefferson Lane is a remarkable beachfront address, and we believe the combination of location, architectural design, spacious residences and the quality of construction will make Palm Shores an exceptional place to call home,” Mr Molloy said.
Palm Shores is part of 5Point’s expanding Gold Coast portfolio, which includes Ophira at Palm Beach and Faro at Broadbeach, both completed earlier this year, together with Lumara at Broadbeach and the $100 million Alora development at Rainbow Bay, both under construction. Across these projects, 5Point continues to combine its development and construction capabilities in delivering premium coastal residences.
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