A penthouse in one of the Gold Coast’s earliest high-rise buildings has been relisted with a significant price reduction. The property, located at 3301/3422 Surfers Paradise Boulevard in Surfers Paradise, is part of the Golden Gate building, known as Australia’s first super high-rise and constructed in the 1970s.

The 3003-square-metre penthouse offers panoramic 360-degree views, spanning from the ocean to the hinterland, including sights of Tamborine Mountain. It features three bedrooms, three bathrooms, and three lock-up garages. Additional highlights include a gourmet kitchen, an exclusive rooftop pool, and an entertaining area.

The current vendor, Brisbane real estate figure Robyn Wallace, has owned the property since 2012 and is now seeking offers exceeding $2.699 million, down from an earlier asking price of $3.3 million listed with a different agency. The property is being marketed by Adam Sargent and Tiger Malan of Ray White Malan + Co.

The Golden Gate building has a notable history of prestigious residents, with former occupants including Clive Palmer, Bob Jane, Clark Kirby, and Sir Philip Lynch. Wallace described the apartment as “absolutely stunning” but cited a personal reason for selling: her family is now based in Brisbane.

Constructed as one of Queensland’s first fully concrete high-rises, the building offers soundproofing advantages, according to Wallace. The penthouse is one of only four in the Golden Gate, underscoring its exclusivity in the Surfers Paradise real estate market.