Nearly 100 luxury villas are coming to the Gold Coast, across two communities worth a combined total of $616 million.
Monaco Property Group (MPG) has announced the completion of Capri in Surfers Paradise: worth $116m and comprised of 48 three to four-bedroom villas.
This will allow the company to move forward with development of NALU, a Miami-based collection of 45 boutique residences worth half a billion dollars.
Capri in Surfers Paradise has nearly sold out, with construction completed and residents moved in to the $116 million development.
Only a few of the three to four-bedroom villas remain in Capri, priced from $2.4 million.
Monaco Property Group co-founder Jonathan Grasso said Capri’s success helped them push forward with NALU’s progress, with each project designed to create “a lifestyle-rich community” in the Gold Coast.
“Capri has attracted a high level of interest from both local and interstate buyers,” he said. “The response for Capri has been incredible, and is a testament to the hard work and meticulous craftsmanship of our team.”
Residents who have already purchased a home in Capri have now moved in to the shared community.
Capri’s completion has allowed developer Monaco Property Group to focus its attention on NALU, worth around $500m.
In addition to open-plan homes and private courtyards for each villa, the new owners will share a series of group areas, such as a designer pool with submerged lounges, a dining pavilion and a resident lounge.
Only a select few villas are still available, each priced from $2.4m.
Receiving development approval in October, MPG’s next project NALU sits on the former Nobbys Outlook site: an old holiday resort first built in the 1970s.
With 7,238 sqm of land and 80 metres of ocean frontage, the community was a large-scale collaboration with BDA Architecture, LDG Landscape Architecture and Tom Mark Henry interiors.
NALU recently received development approval for a 2026 construction, atop the old Nobbys Outlook resort site.
The boutique community sits on more than 7,000 sqm of land, with an estimated completion date of Q3 2028.
Homes feature layouts of around 237 sqm and share a 2,200 sqm lifestyle precinct, which includes a pool, fitness centre, bathhouse and concierge.
“Council’s approval marks an exciting milestone for NALU,” Mr Grasso said. “Its highly anticipated launch is scheduled for Q1 2026.”
Construction is set to begin shortly after the beginning of 2026 sales. The project has an expected completion date of Q3 2028.
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