Passionate newcomer to surfing plans landmark apartment building at Snapper Rocks!
Four months back, a low-rise block of ghetto apartments with point-blank views of the Supa Bank was put on the market with a price tag north of twelve-million Australian dollars.
The six owners at 1 Petrie St, Coolangatta, were rumoured to include the four-time world champ Mark Richards, who owned the top floor apartment, and a prominent boat owner currently at sail in the Mentawais, each of whom would net a couple of mill each.
Now, it can be revealed, a “passionate newcomer to surfing” has bought the block and has plans to erect a $A70-mill “landmark apartment building” on the site.
From The Gold Coast Bulletin:
The site, sitting above Rainbow Bay at Coolangatta, puts developer Paul Gedoun a stroll away from four surfing beaches.
He plans a “high-spec” 12-floor tower with 16 apartments and which will be crowned by a $10 million-plus two-level penthouse.
Buyers of the few two-bedroom apartments will pay at least $1.1 million and those wanting a whole floor will be spending between $6 million and $7 million.
The Brisbane-based Mr Gedoun, a 42-year-old father of two who “discovered” surfing at Rainbow Bay four years ago, will keep one of the whole-floor apartments for his family.
He yesterday said that before his deal went unconditional this week he already had been besieged by would-be buyers, some using “unorthodox” methods to try to contact him.
Mr Gedoun said the property was a gem, sitting on a peninsula to which there was one way in and one way out.
“There are four world-class surfing beaches a walk away – Rainbow Bay, Greenmount, Snapper Rocks and Duranbah,” he said.
“It’s a landmark site and I want to deliver a landmark project that does the site justice.
“I love everything about it and can’t believe I’ve been lucky enough to buy it.”

👍
He’s happy about building his house in front of what is perhaps the busiest, most ruthless section of beach in the world? What a donkey.
Ah well at least the boys will be able to moon him on the grass across the road for nothing.
I think homebrew trebuchets firing buckets of shit might be a more honest option.
God bless this gentleman, for this hard work he is about to undertake.
For truly, what the world needs now, more than anything, is yet more luxury apartments.
Fuck all that Body Corporate shit.
The rich fucks and wannabes can have it.
So, were there a lot of snapper, off the rocks?
I just had some last night for dinner.
Mmmmm. Yum yum.
I’m not generally a big fish fan, but I do like me some snapper.
All the money in the world still won’t buy you a wave behind the rocks.
He’ll get Gabed every wave
They’ll be lining up to Gabe all over that cunt
More likely to get Caioed.
Yeah I couldn’t decide which one it was.
But you know
I got gabed by some cunt, works
Not as bad as getting Giloollied..
Good on him, sounds like a top bloke. Just a fair dinkum little Aussie battler having a go at the Australian dream 🇦🇺
No disrespect to DR, but I wasn’t even going to read this until I saw your comment, and I had to after that.
Sorry I did.
Sorry mate that’s my Australian sense of humour shining through
Yeah..I knew that going in.
I just wasn’t sure what level of disgust I would feel after reading it.
I’d say a pretty generic level really. I mean as long as he’s not using single use plastics or plonking an oil rig just inside the shark nets she’ll be right as rain. If he wants to restore the native habitat throw a coupla dozen brickies laptops in the ground floor watering hole and watch the wildlife flourish
gotta have a go, to get a go
Boomers never leave a boomer behind.
https://www.goldcoastbullet…
Someone think of the children…. The place is full of sharks
Currumbin has a creek which is used by fisherman to launch their boats and cruise through the bar to get out to reefs not too far away. One morning, maybe mid-80s, one such fisherman had left the carcass of a 6′ bull shark at the corner of the rocks, where surfers had to walk past to jump off the rocks, but it wasn’t visible from the carpark. Given that Jaws (the movie) was still fairly recent in peoples minds, it was amusing to see so many dudes walking out and turning back when they saw the toothy beast. The less people in the water at a point break the better I say.
Hip hip hurrah. Hopefully he brings a few of his mates down when the holidays are on.