Project Review27 March 20255 min read

39 Peerless Mermaid Beach Review & Guide

Abedian & Co’s 36-storey residential-only tower on Peerless Avenue, with a final release of two house-sized residences and completion anticipated mid-2027.

Jayden Barta

Jayden Barta

Director, BARTA Property

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39 Peerless

From $4,600,000

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39 Peerless Mermaid Beach sculptural coastal tower exterior overlooking the Pacific Ocean
In this article8 sections

39 Peerless at a glance

39 Peerless is a 36-storey residential tower at 39 Peerless Avenue, Mermaid Beach on the Gold Coast, developed by Abedian & Co. The building is residential only and has a dedicated concierge. Its final release is two house-sized residences: a 256m² Level 18 northern residence and a 326m² Level 26 sub-penthouse. Completion is anticipated in mid-2027.

Prices start from $4,600,000. The address is one street from the Mermaid Beach foreshore, and the Broadbeach South G:link station is 500m away. This guide covers pricing, the two residences, the finishes, the resident facilities, the location and what to check before buying off the plan. Current availability is on the 39 Peerless listing.

39 Peerless pricing and residences

The schedule below is drawn from our 39 Peerless listing and updates when the developer's price list changes.

4 bedroomFrom $4,600,000

Bed / bath / car 4 / 3.5 / 3Area 256m²

4 bedroomFrom $5,950,000

Bed / bath / car 4 / 4.5 / 3Area 326m²

The Type D residence on Level 18 is a four-bedroom plan with 3.5 bathrooms, 236m² of internal space and a 20m² balcony, for 256m² in total. It faces north toward Mermaid Beach and the Broadbeach skyline, and it is priced from $4,600,000.

The Type C sub-penthouse on Level 26 is a four-bedroom plan with 4.5 bathrooms, 283m² of internal space and a 43m² terrace, for 326m² in total. It faces west toward the hinterland sunset and is priced from $5,950,000. A second Type C lot is on Level 32. Because only a small number of residences are offered, the listing page is the place to confirm what remains.

The building and the finishes

Rising 36 storeys, the tower has a sculptural form with smooth, organic geometry. Abedian & Co describes the design principle as architecture as art, and the entry sequence is built around the concierge service and an emphasis on permanent home life.

Both residences are wrapped in full-height acoustic and thermal glazing and are oriented to capture northern sunlight and sea breezes. Deep sheltered balconies and multi-purpose rooms extend the open-plan living and entertaining zones.

Kitchens use natural quartzite benchtops and two-pack cabinetry, with a butler pantry and a full suite of Gaggenau cooking appliances. A Fisher & Paykel French-door refrigerator is integrated. Honed limestone flooring runs through the living, dining and bathroom areas, and the bedrooms are carpeted in 100% New Zealand wool. In the main suites, walk-in dressing rooms lead to ensuites with freestanding soaking baths and custom stone vanities.

House-sized plans like these are usually compared with detached homes, so it helps to measure them against what you have now. Walk through the floorplan room by room, note where the main suite sits relative to the living areas, and check how the multi-purpose rooms could be used for a study, a guest room or a media room. Ask the sales team for the finishes schedule so you can see exactly which materials are included in the contract price.

Wellness and resident facilities

The listing describes outdoor and indoor facilities for residents. Outdoors there is a 25-metre heated magnesium lap pool and spa set in subtropical gardens, with a barbecue terrace. Indoors, the wellness sanctuary includes:

  • A magnesium spa and cold plunge pool
  • A steam room and cedar sauna
  • A fully equipped gymnasium
  • A dedicated yoga centre
  • A private wellness treatment suite

A residents club room and an executive formal lounge are set aside for gatherings and remote work. Shared facilities are funded through the body corporate, so request the budget and the sinking fund forecast with the contract documents.

Location and getting around

The tower is a short walk from the beach, the light rail and Pacific Fair. These are measured distances from the site:

  • Mermaid Beach & Surf Club: 400m · 5 min walk
  • Broadbeach State School: 400m · 5 min walk
  • Broadbeach South G:link Station: 500m · 6 min walk
  • Pacific Fair Shopping Centre: 700m · 9 min walk
  • Oracle Boulevard Dining Precinct: 0.9km · 2 min drive
  • The Star Gold Coast & Casino: 0.9km · 2 min drive
  • Kurrawa Beach & Surf Club: 0.9km · 2 min drive
  • Broadbeach North G:link Station: 1.2km · 3 min drive
  • Pindara Private Hospital: 5.3km · 9 min drive
  • The Southport School (TSS): 6.2km · 10 min drive

Hedges Avenue and its cafes are described in the listing as footsteps away. For wider context on the surrounding precinct, our guide to Broadbeach as a prestige apartment location covers the neighbouring suburb, and the guide to Varsity College and its school zone helps families compare catchments.

This address puts the beach, the light rail and a major shopping centre within walking distance. The drive-based distances above, including Oracle Boulevard dining at 0.9km · 2 min drive and Pindara Private Hospital at 5.3km · 9 min drive, show how the rest of the coast is reached. Before you decide, visit the street on a weekday and a weekend to see the area at different times, and compare it with the other precincts in our Gold Coast suburb data.

The developer

Abedian & Co is led by Dr Soheil Abedian and Sahba Abedian. Dr Abedian spent four decades establishing and guiding Sunland Group, and the Abedian family has been involved in a number of Gold Coast and Brisbane landmarks, including the 78-storey Q1 tower in Surfers Paradise.

Developer history is one input among several. Our guide to vetting developers and builders sets out what else to check, including the contract terms and the construction timeline.

Buying off the plan at 39 Peerless

The listing records that the tower is under construction, with Level 16 poured and completion anticipated in mid-2027. Construction timelines can move, so read the sunset clause, the deposit arrangements and the rights to rescind. Our guide to sunset clauses and your rights in Queensland explains these terms, and the stamp duty guide for off the plan purchases covers how concessions apply.

Overseas buyers should review the guide to FIRB approval for off the plan homes. Have your solicitor review the contract and disclosure statement, and speak with your broker about finance early. To discuss the two residences in detail, speak with our property specialists.

Frequently Asked Questions

How much are the residences at 39 Peerless Mermaid Beach?

Prices at 39 Peerless start from $4,600,000 for the four-bedroom, 256m² Level 18 northern residence. The 326m² four-bedroom sub-penthouse on Level 26 is priced from $5,950,000. The final release comprises a small number of residences, so the listing page is the best place to confirm what is available and the current price.

When will 39 Peerless be completed?

Completion of 39 Peerless is anticipated in mid-2027, and the listing records that Level 16 has been poured. Construction timelines can move, and off the plan contracts include a sunset date by which the developer must complete. Ask your solicitor to review that clause, and ask the sales team for the latest progress update.

Who is the developer of 39 Peerless?

The developer is Abedian & Co, led by Dr Soheil Abedian and Sahba Abedian. Dr Abedian spent four decades guiding Sunland Group, and the Abedian family has been involved in Gold Coast and Brisbane landmarks including the 78-storey Q1 tower in Surfers Paradise. The tower has 36 storeys and a residential-only charter with a dedicated concierge.

What facilities are at 39 Peerless?

Outdoors there is a 25-metre heated magnesium lap pool and spa in subtropical gardens, with a barbecue terrace. Indoors, the wellness sanctuary has a magnesium spa, cold plunge pool, steam room, cedar sauna, gymnasium, yoga centre and treatment suite, plus a residents club room and an executive formal lounge. Costs are shared through the body corporate.

How far is 39 Peerless from the beach and light rail?

Mermaid Beach & Surf Club is 400m away, a 5 min walk. Broadbeach South G:link Station is 500m away, a 6 min walk, and Pacific Fair Shopping Centre is 700m away, a 9 min walk. Kurrawa Beach & Surf Club is 0.9km away, a 2 min drive, and Broadbeach State School is 400m away, a 5 min walk.

Is 39 Peerless a residential-only building?

Yes. The listing describes 39 Peerless as a residential-only tower with a dedicated concierge and an emphasis on permanent home life. Confirm how this is documented in the building management statement and the by-laws with your solicitor before you sign, because these documents set the rules that apply to every owner.

Talk to Jayden about 39 Peerless

For private inspections & further information

Jayden Barta

Jayden Barta

Director & Property Specialist

BARTA Property

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General Advice Warning: The information provided in this publication is for general educational commentary only and does not constitute financial, taxation, legal, or investment advice. BARTA Property is not an Australian Financial Services Licensee or registered tax agent. Readers must seek independent professional advice from a licensed financial adviser, qualified accountant, or legal practitioner tailored to their personal financial circumstances before making any investment or purchasing decisions. Property investment involves risks, including potential loss of capital.

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