When Australians hear about the Isle of Capri, they mostly picture the famous jewel in southern Italy.
But in the heart of the Gold Coast, there is another paradise of the same name that discerning buyers are flocking to.
Located only a stone’s throw from Surfers Paradise and Broadbeach, this island enclave rests on the banks of the Nerang River, offering sun, surf and exclusive living.
And now, with the new deluxe villa development Capri hitting the market – the first major residential project in the sought-after postcode to have been approved in 30 years – there’s a new opportunity for buyers to move in.
A “blue chip” village lifestyle
While the Gold Coast is synonymous with contemporary living, the Isle of Capri is the kind of postcode that dreams are made of.
Beautiful mansions line each of its perfectly manicured streets, and it’s a location rich in amenities.
Residents have high-end dining and relaxed cafes at their fingertips, so much so that this island postcode provides the lifestyle buyers would associate with well-known affluent suburbs around Australia like Toorak or Double Bay.
All three locations share the distinction of hosting an exquisite selection of multimillion-dollar homes that exude sophistication and exclusivity, which epitomises the pinnacle of luxury living.
“Within this vibrant village community, residents forge deep connections and enjoy a strong sense of belonging, while a bustling business centre offers boundless opportunities for commercial success,” says NPA Projects director Andrew Erwin.
“Residents satisfy their taste buds with a delightful array of cafes and restaurants that beckon locals to indulge in a world of culinary delights. Just like the esteemed suburbs of Toorak and Double Bay, the Isle of Capri effortlessly captures the essence of elegance and prestige, granting its fortunate residents a coveted lifestyle that rivals the finest in the country.
“It’s certainly a blue-chip area.”
Mr Erwin adds that its prestigious reputation, high-end properties, prime location and an abundance of amenities makes it an attractive and desirable area for discerning buyers.
Residents can explore Via Roma, a retail and produce hotspot on the waterfront.
“Capri on Via Roma is home to the renowned Harris Farm Markets and also has some fantastic restaurants like Edgewater and Madam Fu. There are boutique shops, each with its dedicated following, plus everything you need conveniently located in one place,” Mr Erwin says.
“This area truly offers the best of both worlds, providing all the essential amenities one could ask for. We have top-notch schools, thriving commercial and business centres, and modern medical precincts that ensure our community’s needs are met.
“And let’s not forget you can walk to the beach or indulge in the incredible shopping and dining options in Broadbeach, just minutes away. It’s truly a place that combines convenience, accessibility, and a vibrant village lifestyle.”
A rare opportunity
Surrounded by river and canals, many homes on the Isle of Capri sit on the waterfront, so it’s not uncommon to see properties commanding multi-million dollar price tags.
Including a six-bedroom mansion that recently sold for $24 million.
However, at Capri – a luxury villa-style gated community – buyers are being given unprecedented access to the postcode that will likely trigger a lot of interest in high-end buyer circles, according to REA economic analyst Anne Flaherty.
“There are these occasional exclusive pockets on the Gold Coast like this where you do see property in the area is very tightly held,” she shares.
“And we know that when the opportunities to buy or invest do come up, buyers often pounce. So, a new development will be good news for buyers looking to purchase in this particular spot.”
Luxe villa living
Capri offers up to 48 stunning architecturally-designed villas to choose from.
These luxury 3- and 4- bedroom residences draw inspiration from Italian design offering a harmonious fusion of style and functionality across five considered floorplan designs.
Every residence has its own individual aesthetic where rooms seamlessly merge, creating a lavish coastal ambience.
The residences incorporate design elements like stone, timber and fluted glass features, premium Gaggenau appliances and bespoke built-in cabinetry.
“The level of luxury and quality delivered with this project is really appealing to buyers,” Mr Erwin says.
“The level of interest we’ve witnessed from local downsizers has been absolutely incredible. What’s fascinating is that we’ve also had affluent individuals from our community purchasing villas for their children’s future living arrangements.
“They recognise the strategic location, the potential for growth, and the importance of long-term family planning in the current real estate market.”
The community’s amenities are thoughtfully curated to enhance the relaxed resort-style living experience.
Residents can enjoy a resort-style pool and sundeck, a residents’ lounge complete with a fully equipped kitchen, a built-in bar, indoor dining and lounge area and an electric fireplace.
“This is a very private community, yet it fosters a true sense of community with beautifully landscaped amenities being at the heart of the securely gated community,” Mr Erwin adds.
Images courtesy of Isle of Capri
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