5Point tops out $85 million Palm Shores, Palm Beach, Gold Coast
5Point topped out its $85 million Palm Shores at Palm Beach, Gold Coast, per Australian Property Markets News, with two residences left from $4.8 million.
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Australian Property Markets News reported on 12 November 2026 that developer-builder 5Point has topped out Palm Shores, a nine-level beachfront building at 171 Jefferson Lane, Palm Beach (Gold Coast). The outlet puts the project at $85 million and says the final two residences have been released from $4.8 million.
Why it matters
Topping out marks the completion of structural works, according to the report. The outlet says construction is now progressing towards completion in March 2027. The building sits on an 824 sqm site with 20 metres of beach frontage, per the same report.
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The numbers
- 16 residences: 12 three-bedroom apartments, two four-bedroom beach homes and two three-bedroom penthouses.
- Final release: two half-floor residences, each with 180 sqm of total living space including a 28 sqm balcony, three bedrooms and two-and-a-half bathrooms, priced from $4.8 million.
- Site: 824 sqm, with 20 metres of beachfront.
The architect is Plus Architects. 5Point is both developer and builder. Sales are handled by Dylan Molloy of ARC Project Marketing.
Managing Director Damian Dove said “Palm Shores represents everything we set out to achieve as a developer and builder”. The outlet reports that purchasers joined the 5Point team on the rooftop to mark the milestone and engraved their names into the concrete, a tradition the company follows at key construction stages.
Amenities listed in the report include a swimming pool, cold plunge pool, sauna and outdoor shower. Interiors are described as having natural stone benchtops, Gaggenau kitchen appliances and oak engineered timber flooring.
On the developer’s wider work, the outlet places Palm Shores within 5Point’s Gold Coast portfolio. It says Ophira at Palm Beach and Faro at Broadbeach were both completed earlier this year, while Lumara at Broadbeach and the $100 million Alora at Rainbow Bay are under construction.
Dylan Molloy of ARC Project Marketing, the sales agent, said the limited availability was an opportunity for buyers seeking a luxury beachfront residence in a boutique building approaching completion. The outlet reports he described Jefferson Lane as a tightly held location.
The outlet describes the design as maximising the beachfront position, with expansive glazing and generous outdoor entertaining areas. It says the two released residences face north and south respectively.
What’s next
The outlet gives March 2027 as the completion target. Related: Graya wins approval for $160m Coral, Palm Beach (Gold Coast).
Source: Australian Property Markets News, 12 November 2026.
Quick answers
Did 5Point top out $85 million Palm Shores in Queensland?
5Point topped out its $85 million Palm Shores at Palm Beach, Gold Coast, per Australian Property Markets News, with two residences left from $4.8 million.
Which companies are named in the Palm Shores story?
5Point is named in this story, which cites Australian Property Markets News.
What are the key numbers for Palm Shores?
project cost: $85m; residences: 16; completion: March 2027.
Sources
Also reported by
- Australian Property Markets News5Point Tops Out Luxury Palm Shores Beachfront Development
Filed by the AusDev Queensland Desk. How we report.