A SPRAWLING 4083sq m site in the heart of Casuarina Beach is set to be transformed by a new $75m boutique residential development – PAMA Casuarina.
The luxury residential only building, a joint initiative between Holm Developments and DeMartini Fletcher, is aimed at downsizers and holiday home seekers and will feature 47 two, three and four-bedroom apartments spread across four storeys at 5 Grand Parade.
Prices in the boutique development will start at $1.1m for the 129sq m two-bedroom apartments, rising to $1.7m for three bedrooms, while the four bedroom units will be price on application. The median house price in Casuarina has risen to $2.1m in the past 12 months.
Holm Developments and DeMartini Fletcher secured the site earlier this year for an undisclosed sum.
Holm Developments director Godfrey Esmonde said they were captivated by the lifestyle and amenities at Casuarina Beach, as well as the convenience of the site’s location across the road from shops and cafes.
“PAMA has been designed to reflect Casuarina’s relaxed beachside lifestyle. We worked with our design team to create a place where people can escape the hustle and bustle to relax. A place that is in keeping with the distinct look and feel of Casuarina Beach,” Mr Esmonde said.
Blending coastal style with the mid-century character of Palm Springs, the project will be surrounded by tropical landscaped grounds with exclusive resort-style amenities, including a pool with a wet deck and beach, barbecues and bar area plus outdoor showers and a dog wash bay for pets.
To enhance residents’ connection with the coastal lifestyle, a board storage facility has been planned with stand-up paddle boards and surfboards available for use by residents and guests.
Mr Esmonde said power for the building’s common areas and landscaped grounds would come from renewable sources with a 40kw solar system supplying energy back to the grid and offsetting body corporate costs.
Total Property Group, which is managing the sales in the project, is bracing for a high level of inquiry due to the growth of the area and the limited supply of luxury owner-occupier apartments available
The group’s managing director Adrian Parsons said the masterplanned township nestled between Kingscliff and Cabarita was appealing to a range of demographics from downsizers and families to relocators and holiday home purchasers.
“We expect the private residences will be snapped up quickly by buyers looking for the ultimate beachside lifestyle with all the conveniences that make life easy.”