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Demand high for premium properties


Demand high for premium properties

Luxurious terrace homes at Pelican Waters have been snapped up, highlighting a strong appetite for prestige homes.

A collection of 15 elegant terrace homes in a new luxury residential precinct has sold out, amid continued interest in premium Sunshine Coast properties.

The Evans Built-constructed Terraces at The Cove have settled for a combined $13.5 million, to predominantly local buyers, highlighting the strong appetite for prestige coastal properties.

Henzell Property Group’s managing director Mclean Henzell says the Terraces have been tailored to down-sizers and owner occupiers, many of who already reside within Pelican Waters.

Part of the The Cove’s Stage 1 Corsica precinct, which also features 36 luxury residences, the three-bedroom Terraces offer north-facing views to the new marina and views over the Pumicestone Passage to Caloundra.

“The success of the Terraces product is testimony to the desirability of Pelican Waters as a lifestyle destination, the quality of product and the faith in Evans Built as a trusted local builder who are successfully delivering stages 1 and 2 of The Cove,’’ Mr Henzell says.

“Unprecedented infrastructure spending on the southern Sunshine Coast, strong population growth and an undersupply of housing continues to drive demand.

“Plus, the first new marina for the Sunshine Coast in decades right on the doorstep gives this project incredible appeal.”

Construction is now well underway on Stages 1 and 2 of The Cove, namely Corsica and Comino, to meet the growing demand for new residences, while maintaining green space, wildlife corridors and connection to the water.

The $400 million Cove development is set to become the largest private development on the Sunshine Coast and will deliver a total of 221 residences once completed in 2027.

The luxury residential enclave will comprise four stages with private swimming pools, recreation spaces, waterfront restaurants and cafes on the doorstep of the first dedicated marina precinct delivered in South-East Queensland in decades.

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