This article is from the Australian Property Journal archive
TWO penthouses in Mulpha’s Sanctuary Cove precinct, Harbour One, have sold for a combined circa $19 million.
The Harbour One penthouses connect directly to the Sanctuary Cove marina and retail village and are within close proximity to the golf courses, country club, swimming pools, tennis courts and wellness facilities.
Currently 30 out of 45 apartments in the development are sold, with just three lower floor apartments, five top floor apartments and seven garden villas available. With prices starting at $3.05 million.
According to John Hughes, Mulpha’s general manager of sales at Sanctuary Cove, luxury homes in the enclave have been recording sales of more than $5 million most months out of the year, with sales regularly reaching between $5 million and $8 million.
Over the past year, there have also been sales exceeding $10 million and one sale reaching close to $20 million.
Both sales at Sanctuary Cove and enquiries at Harbour One have maintained strong levels for several years now.
This as the Gold Coast saw a 14.4% value growth over 2023, according to Australia property Investor Magazine.
“Buyers walked in the door without us even needing to heavily promote these beautiful penthouses that have absolutely everything a high-end buyer needs,” said Hughes. “The sales show how well-regarded Sanctuary Cove is among discerning buyers seeking an offering of this quality,” said Hughes.
“It is an international destination with many residents travelling the world regularly and being accustomed to the highest standards of accommodations. Mulpha is well-placed to cater for this luxury buyer and the Harbour One penthouses are designed to this standard.”
