Mosaic Property Group achieve near sell-out of Mermaid Beach development Dawn in just two weeks

Dawn sits just a few doors down from another one of Mosaic's success stories, its $128 million sister development Bela by Mosaic, which has also sold out.

Mosaic Property Group achieve near sell-out of Mermaid Beach development Dawn in just two weeks
Mosaic Property Group achieve near sell-out of Mermaid Beach development Dawn in just two weeks

The South East Queensland development firm Mosaic Property Group have sold 95 per cent of their luxury Mermaid Beach project Dawn after just two weeks of a pre-release to their database.

Dawn, a collection of 87 two and three bedroom residences designed in partnership with Plus Architecture and Lat27 Studios, is located on Peerless Avenue. just one row back from Mermaid Beach's dress circle Hedges Avenue, considered the millionaire's row of the area.

Mosaic Property Group achieve near sell-out of Mermaid Beach development Dawn in just two weeks

Dawn sits just a few doors down from another one of Mosaic's success stories, its $128 million sister development Bela by Mosaic, which has also sold out.

Sales started from $750,000 for the two bedroom, two bathroom apartments which are now all sold out, to the three bedroom, two bathroom apartments which saw prices start from $1.42 million.

There are only a handful of three bedroom apartment remaining, priced from $1.8 million.

Residents at Dawn have access to a resort-style swimming with in-water lounges, barbecue and dining areas, sun deck with day beds, outdoor shower, spa, and a gym with a sauna and steam room.

Mosaic Property Group achieve near sell-out of Mermaid Beach development Dawn in just two weeks

There's also the Resident's Sky Lounge on level nine, complete with a private dining room with kitchen, wine cellar and tasting room, a lounge area and a generous outdoor terrace complete with a teppanyaki bar.

Construction on the development has been fast-tracked due to the flurry of sales, with building work to commence in late May.

Mosaic founder and managing director, Brook Monahan, said while they expected a positive response based on existing demand for ultra-premium, particularly Mosaic, product in Mermaid Beach, the strength and velocity of Dawn's record-breaking sales performance has far exceeded all expectations.

"We are incredibly humbled by how the market, particularly local owner-occupiers, quickly recognised the rare opportunity on offer at Dawn by Mosaic."

"There was such extraordinary anticipation for this release, from the moment the market realised we had secured a second site in Mermaid Beach, metres from Bela."

"We haven't even had to advertise Dawn, given we had a significant waitlist from our VIP database, along with multiple repeat buyers and a high proportion of referral purchasers. Several Bela buyers have also invested knowing already how scarce an opportunity it is to buy premium product in one of the best locations on the east coast of Australia."  

Mosaic Property Group achieve near sell-out of Mermaid Beach development Dawn in just two weeks
Brook Monahan, who founded Mosaic Property Group in 2012

Among the sales was the four bedroom Masterpiece Penthouse which was secured by a local buyer for just under $6 million.

The full-floor apartment spanning over 350 sqm of internal space and over 120 sqm of outdoor areas features its own home office, separate living and retreat areas as well as a sprawling 105 sqm master suite.

Floor to ceiling windows span the width of the apartment which takes in the uninterrupted ocean and coastline views.

Dawn is Mosaic Property Group's fourth luxury Gold Coast release within two years. Following Bela, Elan by Mosaic in Kirra was released in late 2019, selling out within three months. Mosaic's last release, Grace by Mosaic in Burleigh Heads, was released in late October 2020 and is now over 95% sold. 

"Having four best-selling Gold Coast developments within the short space of two years is an achievement the entire Mosaic team, and I are hugely proud of, and we have more exciting plans for the region in 2021 and beyond." 

Oversized floor plans include expansive, cantilevered balconies, some of the largest on the Gold Coast, that account for at least 20% of total living space. 

Opulent finishes, bespoke detailing, and expert craftsmanship have been applied throughout to create living spaces that not only look but feel beautiful. 

Other developments for sale on the Gold Coast

Shoreline, Surfers Paradise

Shoreline is the latest Surfers Paradise tower to be created by Marquee Development Partners.

The boutique 27 apartment development across 17 levels offers residents a luxury unseen in the between Surfers Paradise and Broadbeach for a number of years.

Miles Residences, Kirra Beach

The Miles Residences Kirra Point will be one of Kirra Point's most impressive towers when it's completed in 2023.

The development of 118 apartments is part of the redevelopment of the Kirra Beach Hotel. The brains behind the operation is the family-ran KTQ Group, led by Peggy Flannery, who are behind the award-winning Elements of Byron Bay.

 


 

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and new developments across the country

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