Zac Homes boss lists $7.5m beachfront penthouse

1 week ago 10

Zac Homes CEO Peter Zaccazan (centre) is selling his Gold Coast penthouse

A Western Sydney project home builder who splashed $7.5m on a newly built beachfront penthouse is the first owner to cash out of the boutique Gold Coast building.

Zac Homes founder Peter Zaccazan purchased one of seven luxury sky homes in the Palm Beach tower, moving his family to Queensland during a surge in interstate migration post-Covid.

The three-bedroom, two-bathroom apartment at 7/15 Jefferson Lane is listed for sale with Josh Willatt and Taylor Davis, of McGrath Estate Agents Palm Beach.

7/15 Jefferson Lane, Palm Beach

The penthouse has a private rooftop entertaining zone with a heated pool

It is marketed without a price guide via an expressions of interest campaign, with the unit the first resale within the 2021 development by Kazumi Nakagawa and Jason Kennedy.

“The owner paid a pretty strong number for the property at the time, but when people come through they realise this one is really special, and nothing of this calibre has come to market in Palm Beach since,” Mr Willatt said.

Features included spectacular ocean views and 532 sqm of living space over a full floor and private rooftop entertaining zone with a heated pool.

It is the first to be re-sold within the building

High-end finishes throughout

“This high-end penthouse is the pinnacle of luxury with an outstanding floor plan with French oak flooring and 3m high ceilings, marble and stone throughout.”

The property had served as a “Covid escape” for Mr Zaccazan, who continued to commute to his company’s Penrith homebase.

“They bought this on a whim. There was an idea of, ‘let’s escape’ when the borders were closed during the pandemic, but then the owner was effectively doing FIFO [fly in fly out] every week while the kids were going to school here on the Coast,” Mr Willatt said.