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Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

242/3 Pendraat Parade, Hope Island QLD 4212

Luxury Penthouse - $2,000,000+

Listed: 25th Jun 2026
Updated: 24 days ago
Overview

This exceptional north-facing penthouse is located within the exclusive Ilanah Aqua community, offering a unique combination of scale, luxury, and privacy. Spanning approximately 352 square meters of total living area, including both internal and outdoor spaces, this residence is defined by generous proportions and sophisticated finishes.

Designed to maximize natural light and capture stunning views, the apartment features expansive northern-facing glazing overlooking the complex's lagoon-style water features and pool area. The seamless indoor–outdoor flow enhances the living experience, making it ideal for both entertaining and daily living across a variety of lifestyles, from families to those seeking easy-care luxury living.

The property ensures security and exclusivity with gated entry, restricted lift access, and a private arrival area on the top floor. Internally, high-end materials and thoughtful layouts provide multiple living zones that increase comfort and usability.

Key Features Include:

  • Expansive penthouse situated on level four with water and pool views
  • Approximately 352 square meters of combined internal and external living space, including large wraparound balconies
  • Four bedrooms configuration, alternatively three bedrooms with an oversized study or home office
  • Luxurious master suite featuring balcony access, walk-in robe, and immaculate ensuite with dual shower
  • Three bathrooms overall, including an ensuite for the second bedroom
  • Private lift access secured by code at penthouse level
  • Grand open-plan living and dining area with high ceilings and abundant natural light
  • Separate media or lounge room with sliding door for versatility
  • Premium kitchen fitted with stone benchtops, quality appliances incorporating gas and induction cooking, pantry, and dedicated wine storage
  • Timber flooring in Sydney spotted gum complimented by polished marble surfaces
  • Stacker doors provide a seamless transition to outdoor entertaining spaces
  • Motorised blinds on the northern facade for added comfort
  • Ducted zoned air conditioning throughout the residence
  • Large laundry area with excellent storage solutions
  • Extensive built-in storage across the property
  • Wraparound balcony offering expansive river and lagoon views
  • Outdoor gas BBQ connection for alfresco dining
  • Two secure side-by-side basement car spaces conveniently adjacent to lift access
  • Dedicated storage shed located within the car park

Building and Lifestyle Amenities:

  • Resort-style infinity swimming pool
  • Fully equipped gymnasium
  • BBQ and entertaining areas within beautifully landscaped grounds
  • Designated car wash bays
  • Scenic walking paths
  • Pet-friendly community with a vibrant, close-knit neighborhood feel

Location Highlights:

Situated in the highly desirable Hope Island precinct, this penthouse provides a relaxed coastal lifestyle complemented by excellent convenience. The property offers quick access to the M1 motorway, enabling drives to Brisbane (approximately 45 minutes) and Gold Coast beaches (around 20 minutes). Nearby amenities include championship golf courses, marinas, schools, medical centers, and shopping facilities. The recently developed Hope Island Marketplace is also within easy walking distance, ensuring daily necessities are readily accessible.

Local Market Insights

In Hope Island, Quiet Listings observed 9 new apartments entering the market over the last 30 days, down from 20 during the previous 30-day period, with an average advertised asking price of $1,306,944. The property type mix of listed properties is predominantly Houses at 66%, followed by apartments (11%), and townhouses (8%). The most active agency for apartments in the Hope Island area is currently Ray White, representing 44% of new listings, followed by Belle Property with 22%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.

Change History
Headline When
Luxury Penthouse - $2,000,000+
Luxury Penthouse - Offers Over $2,000,000
Luxury Penthouse - Early $2,000,000 Range
Luxury Penthouse - Contact Agent
Location
Market Insights for Hope Island QLD 4212
New Listings (last 30 days)
9
Average price
$1,306,944
Lowest price
$829,000
Highest price
$3,200,000
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