Second stage of The Cove to feature apartments ranging in price from $1.4m to $5.3m

A residential development by the water’s edge is taking shape, with construction starting on a second stage that will feature dozens of opulent residences.

The Cove at Pelican Waters, a $400m luxury development, is being delivered in four stages in four years.

It’s set to boast a mix of elegant coastal residences with access to 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.

Construction for Stage 1, Corsica, is well underway with the top floor about to be built. It will comprise 15 terrace homes and 36 luxury apartments. With sales of $40 million, the terraces are sold out and only a handful of apartment opportunities remain.

Now, construction for Stage 2, Comino, has started.

It will feature 40 apartments on what has been dubbed the last waterfront apartment site in Pelican Waters.

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The apartments will boast grand views.

Comino will offer six levels of owner-occupier styled plans, ranging in price from $1.4m to $5.3m and in size from 197sqm up to 511sqm for the grand penthouse.

Options include six two-bedroom apartments, 33 three-bedroom residences and the deluxe grand penthouse, all with between two and six secure car parks.

A select number of apartments will feature access to the exclusive River Room lounge on the ground level with private liquor cabinets, pool table and deck overlooking the water.

Residents will be able to enjoy private beach rooms and access to a resort-style pool, and they will have secure vehicle and pedestrian gate access.

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An artist’s impression of Comino, where residents will have access to pools and recreation facilities.

Construction of Comino was fast-tracked due to the appetite for high-end stock in Pelican Waters.

The Cove director and sales manager Marcus Muir said Comino was generating waves of interest, with buyers drawn to the house-size apartments and connection to water and the community.

“Stage 2 is an $85m project so it’s quite a large project for Pelican Waters but it’s one that the market wanted to see in being delivered,” he said at a media event.

“It’s a five-star amenity-based development, with large floor plans, exceptional views and direct water-front.

Mr Muir said there was a strong demand for residences at the precinct, including from many locals.

“Sales are strong,” he said at a media event on Thursday.

“And we’ve been very well supported by the community, as about 85 per cent of our sales are within a 5km radius of the development.”

The development of The Cove is being led by Henzells Property Group, with Evans Built behind the construction of the first two stages.

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An artist’s impression of stylish living at Comino.

Henzell Property Group managing director Mclean Henzell said construction could not be in better hands.

“We are delighted to be carrying our strong relationship with Evans Built into Stage 2 of The Cove, to be known as Comino,” Mr Henzell said via a press release.

“As a family owned and operated company with a string of award-winning projects to their credit, they have proven the perfect choice for what will be a landmark lifestyle development for the southern Sunshine Coast.”

Article source: Queensland Property Investor