Serenity Cove, one of the Gold Coast's last masterplanned communities, hits the market

Serenity Cove, one of the Gold Coast's last masterplanned communities, hits the market
Staff ReporterApril 15, 2021

Serenity Cove, in the Hope Island and Helensvale precinct on the Gold Coast, has been listed for sale.

The 65 hectare waterfront estate is approved for a multi-staged masterplanned community.

Considered the final puzzle piece of the Hope Island masterplan, Serenity Cove has approval for 235 lots and dwellings in addition to balance land for future development.

There are plans for a 3,800 sqm retal and dining precinct.

A soft launch in 2017 saw 15 buyers of waterfront land spend a combined $10 million on their slice of Serenity Cove.

The first release of land included 48 waterfront lots along Saltwater Creek and on Lake Serenity – some with marina berths.

Located in the Hope Island/Helensvale precinct and some 10 minutes from the world-renowned 5-star resort and golf course of Sanctuary Cove, the subject site has extensive water frontage and is offered for sale via a two-stage tender process through Mark Witheriff and James Branch of Knight Frank in conjunction with Brendan Hogan and James Holland of Colliers International.

“This is one of the last large-scale waterfront approved development sites within South East Queensland,” said Witheriff.

“There are very limited comparable sites of this scale remaining on the Gold Coast, let alone those with extensive water frontage to cater for an up-market masterplanned residential estate.”

Colliers James Holland said the Helensvale and Hope Island precinct is currently seeing strong sales of waterfront land and homes.

"Due to diminishing land supply in Hope Island, the suburb is currently seeing a resurgence in high density living,” said Mr Holland.

Knight Frank and Colliers International recently transacted the former Village Square Market Place site nearby on Hope Island for $17.025 million.

The purchaser has since lodged plans for 348 retirement apartments across five x eight level buildings which further underpins and supports the sustainable population growth within the region.

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