Mermaid Waters

Brisbane-based developers, SKF, has achieved a $24 million sell-out of Mermaid Sanctuary, a rare land offering on the central Gold Coast that has delivered a land sale record for Mermaid Waters.

Released to the market late last year, Mermaid Sanctuary delivered 12 homesites, generously sized from 628 sqm to 1,009 sqm, in an exclusive master-planned enclave on McIlwain Drive.

Located on an exclusive peninsular on the shore of Lake Wonderland, the 1.2-hectare Mermaid Sanctuary achieved a land sale record of $3 million for the lakefront precinct, drawing significant interest from local, interstate, and international buyers looking to secure a landholding in one of the city’s most sought-after coastal suburbs.

SKF wrapped up works on Mermaid Sanctuary early this year, with ten homesites already&nbsp;sold and two lots awaiting settlement.

<img alt="Render of Mermaid Sanctuary" data-entity-type="file" data-entity-uuid="191cd7e3-0202-4afa-81eb-a2fa742b4ab8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mermaid%20Sanctuary_Camera%201_Final%202.5k.jpg?VersionId=OoNDcOAbhCgWD2Z_TeYlAFZb.SpIodCH" />Render of Mermaid Sanctuary. Image supplied.&nbsp;

The 12-lot waterfront subdivision, was once home to Gold Coast development pioneer and philanthropist Jock McIllwain, who helped shape the Gold Coast through key civil projects from Cavill Avenue Mall to the Isle of Capri and the canal estates of Mermaid Waters.

The former city councillor, who passed away in 2016 aged 89, was a close friend of the renowned father of the modern Gold Coast, Sir Bruce Small.

McIlwain, a great supporter of the arts and culture on the Gold Coast, played a role in many of the city’s transformational waterfront developments including Lake Wonderland at Mermaid Waters where he would later make his home.

SKF’s Director, Eric Zhao said the success of Mermaid Sanctuary pays tribute to McIlwain’s lasting legacy that has made the Gold Coast what it is today.&nbsp;

<img alt="Render of Mermaid Sanctuary" data-entity-type="file" data-entity-uuid="f6f3d4f7-0e51-469a-8256-0663d0212f05" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mermaid%20Sanctuary_Camera%2037_Interior_Final%202.5k.jpg?VersionId=trN_lKHmj5Dz2krbhpSUEq__JSRJtLby" />Render of Mermaid Sanctuary. Image supplied.&nbsp;

“Mermaid Sanctuary achieved a very high inquiry rate from buyers, many of whom were looking to upsize to a waterfront location which is extremely rare to find on the central Gold Coast today,” said Zhao.

Among the buyers to stake their claim in the Gold Coast’s development history are local and Brisbane business owners, property developers and property industry professionals.

Prices achieved at Mermaid Sanctuary ranged from $1.2 million to $3 million, with land sales reaching a high of about $3,000 per square metre among the last sites sold.

The $3 million record represented a 35 per cent price premium compared to similar waterfront lots sold during the same period for a site located across Lake Wonderland.

Each site at Mermaid Sanctuary offers wide lot frontage that allows maximum design flexibility for a new home, while each offers the option of adding a pontoon for direct water access.

The luxurious private community features 24-hour CCTV, security patrols, professionally created and maintained landscaping, including signature 30-year-old Canary Island date palms, a generous internal road with custom granite bands and high-quality LED street lighting to complement the modern home designs planned for the community.

<img alt="Render of Mermaid Sanctuary" data-entity-type="file" data-entity-uuid="0b258688-33e3-4210-a506-31e5492d03ae" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mermaid%20Sanctuary_Camera%2032_Day_Final%202.5k.jpg?VersionId=86oNUeQNPAJb3hPZ_z1ARE6oN8d89SpU" />Render of Mermaid Sanctuary. Image supplied.&nbsp;

A Brisbane team of professionals was enlisted by SKF Development to undertake the landmark project. Myers Ellyett Architects was responsible for the concept architectural design of Mermaid Sanctuary, while landscape architecture was delivered by Citicene Landscape Architects and civil works were undertaken by local contractor Alder Civil.

SKF’s current portfolio totals $100 million, with the company recently announcing their major infill development, Ashgrove Sanctuary in Brisbane, which will deliver 18 residential lots on the site of former caravan park where large portions of the site will be devoted to a nature reserve with more than 3,000 new plants set to be implemented as part of the project.&nbsp;

On the Gold Coast, the group is undertaking Baileys Reserve, an 83-townhouse development at Upper Coomera, building on SKF’s recent successful industrial development in Coomera.

The $3 million record represented a 35 per cent price premium compared to similar waterfront lots sold during the same period for a site located across Lake Wonderland.

alisonwarters@gmail.com

SKF Development achieve land sale record for Mermaid Sanctuary project amid sellout 

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The Sunland Group are seeing a range of buyers at their Mermaid Waters apartment development, The Lanes Residences.

Everyone from professional couples, empty nesters, downsizers and investors have bought in to the four waterfront buildings, with both local buyers and some relocating from interstate.

The Lanes Residences are part of the 42 hectare masterplanned community of The Lakes, designed to embrace the natural contour of Lake Unity.

[smartcode_project:default project_id=26732]

Sunland worked with Contreras Earl Architecture in the design of the 10 and 12 storey mid-rise towers, which home a collection of one, two and three bedroom apartments, as well as a number of two and three bedroom penthouses.

Set in landscaping by Form Landscape Architects, the development will also feature a resort-style pool with barbecue and terrace areas, a private lounge, gym and sauna.

The Lanes Residences will sit alongside the future retail village The Lanes, set to have over 7,500 sqm of retail space including a fresh food market hall, a cafe culture, restaurants and a health and wellbeing precinct.

<a href="https://www.urban.com.au/new-apartments/the-lanes-residences-11-lakeview-boulevard-mermaid-waters"><img alt="" height="1067" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the_lakes_1.jpg" width="1600"></a>

Two bedroom apartments are priced from $560,000, two bedroom with media room from $830,000 and three bedroom apartments from $1,052,500.

The Lanes Residences themselves will have a number of retail and dining offerings on the ground level, as well as a 3,500 sqm green.

Completion of The Lanes Residences is slated for mid-2021.
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The Lanes Residences are part of the 42 hectare masterplanned community of The Lakes, designed to embrace the natural contour of Lake Unity.

Joel Robinson

The Lanes Residences in Mermaid Waters over 75% sold as completion approaches

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Developer Pindan has taken the wraps off its luxury Mahala Mermaid Beach project, which was officially launched to the market on the weekend.  
Mahala offers two and three bedroom apartments with two car bays, overlooking Hedges Avenue and just metres to the beach. 
Purchasers are now able to visit a custom built sales and display suite located at <a href="https://www.pindan.com.au/mahala-mermaid-beach" target="_blank">15 Peerless Avenue</a> to view a model of the project, see the finishes and learn more about Mahala, with an app allowing the agents to showcase the project, its floorplans and the potential views from apartments in an interactive manner. 
Colliers International residential director Andrew Roubicek, who is marketing Mahala, says he anticipates a busy week ahead considering the strong interest in the project recently. 
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"We have now had well over 500 enquiries from prospective purchasers living locally as well as from Brisbane and interstate," Roubicek said.  
"Locals who are looking to make Mahala their home are saying the fact the vast majority of apartments are being sold with two carparks is a big drawcard, along with the prime location close to Hedges Avenue. 
"We also have a number of interstate buyers interested in a lock and leave holiday home and these people have been impressed by Mahala's resort-style amenities, including a residents' entertainment terrace which boasts a pool, barbeques, cabana, lounge and private dining room, along with a secure grocery and parcel delivery facility. 
"Mahala is unlike any development delivered in the highly sought after Mermaid Beach area to date and it will continue to stand apart in its quality design and lifestyle offering." 
Mahala's two bedroom, two bathroom, two car bay apartments start from $735,000, with three bedroom, two bathroom, two car bay apartments available from $1.4 million. 
Developer Pindan boasts more than 40 years’ experience, including expanding its operations to the East Coast over the past five years, with its funds management arm - Pindan Capital - overseeing $1.7 billion of development projects across Australia.
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Mahala Mermaid Beach launched

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The Mermaid Waters, Gold Coast home of Haley Hughes, founder of The Institute of Makeup, and her husband, Kristian remains listed for sale after failing to sell at auction last October.
There are $1,795,000 hopes for <a href="https://www.realestate.com.au/property-house-qld-mermaid+waters-127288698" target="_blank">their Pilot Court home</a>, which comes with 45 metres of water frontage to Lake Wonderland, a pool and its own private jetty.
The five-bedroom, three-bathroom property spans two levels and features three living areas, a study, a timber and granite kitchen and a double garage.
Kollosche Prestige Agents has the listing.
It sold at $1.5 million in 2015.
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Institute of Makeup founder's Mermaid Waters home still looking for a buyer

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A full floor apartment on the exclusive Albatross Avenue in Mermaid Beach has been listed for sale.
The <a href="https://www.realestate.com.au/property-apartment-qld-mermaid+beach-127117654" target="_blank">ground floor unit</a> spills on to the Mermaid Beach sand.
Spanning nearly 500 sqm, the home is one of only six in the tightly held building. Only two apartments have traded in the building in this decade.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/7/Mermaid2.jpg" alt="">
One was this apartment, bought just last year for $3.15 million.
There's three bedrooms, two bathrooms and a study.
A large warp around alfresco entertaining area has direct pool access.
Todd Curran at Todd Curran Prestige is marketing the apartment. He suggests properties of this unique calibre rarely become available.
 
 
 
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Luxury Mermaid Beach apartment on the sand for sale

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The Gold Coast Bulletin has reported wealthy residents have vowed to oppose the development of the a 44-storey residential tower on the Gold Coast’s Hedges Avenue.
But the ASX-listed group is pushing ahead with the $230 million proposed tower, designed by BDA Architects that comprises 99 apartments.
Sunland paid $13.4 million for the 1821 square metre Hedges Avenue site which falls 100 metres within the boundary of the Broadbeach area plan, which allows high-rises.
The neighbouring Peerless Ave marks the start of a three-storey height limit.
Sunland managing director, Soheil Abedian, said the proposed height of the tower was in line with existing and future high-rises nearby.
“Within the context of its urban surrounds, 272 Hedges Avenue presents both unparalleled design and location amenities, reflecting the high standards of lifestyle, quality and craftsmanship sought by the owner-occupier market,” he said.
He described it as "an elegant, curvilinear landmark providing a sculptural marker at the southern edge of the expanding Broadbeach precinct".
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Wealthy Hedges Avenue residents opposing Sunland's 44-storey Mermaid Beach skyscraper

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The Mermaid Waters home of prominent Australian harpist June Loney has sold for $1.41 million.
The waterfront home cost June, the former principal harpist at Sydney Symphony Orchestra, $320,000 in 1997.
Loney taught at the Sydney Symphony Orchestra from the four bedroom home that offers views overlooking the lake from its 27 metre water frontage.
She said the home gave her inspiration to paint her natural surroundings.
The harpist built the home with two separate wings focusing around a centralised kitchen. 
The Sydney born musician, who was awarded an MBE in 1977, died last year at 86 years old.
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Mermaid Waters waterfront of harpist June Loney sold

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Now they've completed their dream home down the road, Ironman legend Shannon Eckstein and wife, former model Belinda, have listed their redundant Mermaid Waters home. 
They <a href="https://www.realestate.com.au/property-house-qld-mermaid+waters-124013546" target="_blank">fully renovated the family entertainer</a> that they paid $702,000 for in 2010.
Comprising four bedrooms and two bathrooms on its 600 sqm land parcel, the home comes with a home office, swimming pool and a level back yard.
Harcourt Coastal agent Grant Stephens has a November 19 auction.
Due to the birth of their second child, Blake, the couple wanted to upgrade, so they spent $860,000 for a 734 sqm waterfront block at the new Mermaid Waters development, The Lakes.
Born and bred in Surfers Paradise, Shannon, nicknamed the Professor, is considered among the best IronMen of all time.
He has won six Australian Championships, another half dozen world titles and a record breaking eighth Nutri-Grain IronMan crowns.
Eckstein, who also owns property in Mermaid Beach and Mackay, said he wanted his children to experience the same childhood he did as a youngster – a lifestyle involving the Gold Coast waterways.
“Our family home was on the canals and I did a lot of fishing and took the tinnie out with my brother,” he told the Gold Coast Bulletin.
“Mum still lives in our family home in Mermaid Waters and we used to see that block of land (The Lakes) on the way to school at St Vincent’s (Primary School),” he said. 
He said he and his wife had been house hunting in Mermaid Waters and Broadbeach Waters for the past six months but had not found the right place until The Lakes came on to the market.
The 41 canal-front sites, now sold out, range from 650sq m to 1,407sq m and cost $800,000 on average.
Eckstein said they hoped to build a two-storey home with four bedrooms, a study and children’s playroom, as well as an indoor-outdoor entertaining area with a pool overlooking the canal. 
“We’re a little nervous,” he said.
“We watch The Block and those types of TV shows and it looks like it’s a bit of stress.
“But it’s pretty much everything we want, so we can build it ourselves and have a say on everything from the colours and the layout. 
“It’s a no-brainer to go ahead with that.”
The pair hoped to be in their new home by Christmas next year. 
Developer Sunland is behind the decade-long, master-planned community which is expected to eventually include houses, duplexes, townhouses, apartments and parks. 
The trophy 42 hectare residential development is regarded as one of the most significant large-scale development parcels in the heart of the Gold Coast.  
The site surrounds a large central lake and features canalfront land with direct ocean access.  
The first land release, where Eckstein bought, sold out in seven weeks for $33 million.  
The next stage is being designed with a development application expected to be lodged with Council before the end of the year.
This article was first published in the Weekend Australian Mansion Australia property section.
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