Sea Glass, Broadbeach: more than $150m sold in $300m tower

Why it matters

A project that was once stopped by a planning dispute is now more than half sold, according to the report. According to the report, the scheme stalled in 2021 after Gold Coast City Council rejected DVB’s development application over shadowing concerns. The Planning and Environment Court then overruled the council, which the outlet says added about $2m in cost for the developer.

DVB managing director Dean Brown told the paper: “While the delay was frustrating, it did give us valuable time to collaborate closely with our architects and consultants.”

The report adds that construction began in 2025 and that Hutchinson Builders is the builder. Brown described securing a builder of that standing as no small feat in the current construction climate.

The numbers

• Height: 26 storeys.
• Homes: 29 residences.
• Sales: more than $150m, with more than 50 per cent of homes sold, per the outlet.
• Remaining stock: the report gives both “fewer than 15” and “just over a dozen”, so the exact count is unclear.
• Half-floor units start from $5.5m.
• Full-floor skyhomes start from $12.25m.
• The three-level penthouse is unsold, and its price was not disclosed.

Pezet Matheson is the selling agent. Its managing director, Jayde Pezet, said buyers saw the project as a rare opportunity, and that interstate buyers are looking for the space and finish of a prestige home.

What’s next

The report puts completion in the fourth quarter of 2027. The unsold stock is the half-floor units, skyhomes and penthouse listed above.

DVB’s next Gold Coast project is Breeze, a $317m development at 137 Old Burleigh Road, Broadbeach, which the report describes as the company’s second on the Gold Coast. The outlet also says DVB’s Sydney developments have a combined value above $1b.

Earlier Gold Coast presales are covered in Central Equity’s Palmera sales.