Serenity Cove waterfront development at Hope Island ready to be launched

The $650 million Serenity Cove waterfront development in Queensland's Hope Island is slated for release following some $25 million spent on civil works development.

The 465-dwelling community set around an 18ha lake on a 75ha parcel of land is a joint-venture partnership between Malaysia-based multinationals Sime Darby and Brunsfield International Group.

Serenity Cove will comprise a mix of apartments, townhomes and freestanding homes, a mini-marina and a 3800sqm retail and dining precinct on Lake Serenity.

Project manager Mark Mehr said Serenity Cove is the last development of its kind at Hope Island.

“It’s the ideal time to introduce this project to the market given that pent-up demand but also because it will deliver a mix of dwelling types to suit a wide range of lifestyles in an exceptionally beautiful setting,” he said.

"More than a third of the site (27ha) has been preserved as nature reserve while a further 10ha will become parkland, and just 19ha will be developed."

Colliers International national director, projects Tony Hymus said the development presented an opportunity at Hope Island that could not be replicated.

“This is the last piece of land at Hope Island that can accommodate a master planned community,” Mr Hymus said.

“Residential land opportunities at Hope Island are starting to dry up given that many of the long-term projects in the area are coming to their conclusion.

"Serenity Cove will offer buyers the chance to secure a waterfront residence within a spectacular community in one of the most prestigious residential areas of the Gold Coast.”

Serenity Cove will come to the market as plans for the Hope Island Town Centre progress, providing the area with its long-awaited retail and business heart.

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