Resort Residences Group is looking to capitalise on increasing buyer activity in the luxury lifestyle property market by launching its absolute beachfront Sandpiper development in Noosa’s upmarket Hastings Street this week.

Resort Residences managing director Jeremy De Zylva said Sandpiper, which will be developed through a joint venture with the long term owner of the site, will feature just three luxurious full floor absolute beachfront apartments.

Mr De Zylva said Sandpiper was the company’s marquee development and would help to reignite Noosa’s reputation as Australia’s premier location for luxury beachfront property.

He said Sandpiper’s stunning top floor penthouse would be released to the market this week, under a co-ownership scheme offering purchasers an exclusive and once in a lifetime opportunity to co-own an ultra-luxury beachfront residence in Noosa.

“The penthouse is being sold in eight shares priced from $1.35 million each, giving each co-owner an interest in the freehold title to the property and six weeks of exclusive use per year,” he said. “Our co-ownership model will appeal to buyers who travel frequently and want only the best of the best, but are discerning with their investment strategies.

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Tags: Australia Fractional Property, beachfront residence, fractional, hastings street, Noosa, Resort Residences Group, sandpiper, Timeshare