Jaw-Dropping Gold Coast Penthouse Up for Auction: Four Times the Size of a Standard Home

Photo byAleisha Dawson

Melbourne developer and horse racing enthusiast Peter Devitt is selling his jaw-dropping penthouse on the Gold Coast, boasting over four times the size of an average house. Located at Main Beach, this sky-high residence spans an enormous 1,055 square meters, eclipsing even the most spacious Gold Coast mansions.

Situated in the prestigious ‘Liberty’ building at 2291/1-21 Lennie Avenue, this luxurious penthouse offers the ultimate blend of grandeur and coastal living. Spanning two levels, the residence includes five bedrooms, five bathrooms, and a multitude of living and dining areas. The upper level is dedicated entirely to leisure, featuring a lap pool, sun deck, and built-in barbecue kitchen—all with 360-degree panoramic views stretching from Stradbroke Island to the Gold Coast Hinterland and down to the southern beaches.

Acquired by the Devitt family in 2011 for $9.2 million, this penthouse showcases luxury in every aspect, with two kitchens and even a two-bedroom apartment with a private entrance—ideal for multi-generational living or long-term guest accommodation. The size of the penthouse is rivaled only by the Culture Kings founders’ nearby penthouse in Surfers Paradise, slightly larger at 1,070 square meters.

Marketed by Kollosche real estate agents Michael Kollosche and Jamie Harrison, the property will go to auction on November 1. The penthouse is a prime investment, offering unmatched flexibility and scale. According to Mr. Harrison, such expansive spaces are becoming increasingly rare, especially in prime coastal locations, due to rising construction costs and limited land availability.

Main Beach itself is undergoing extensive development, including a $500 million upgrade to Marina Mirage, turning it into a premier waterfront precinct with a superyacht marina, exclusive residences, and high-end retail and dining options. This regeneration is expected to further elevate the area’s appeal, attracting high-net-worth buyers seeking premium vacation homes or secondary residences.