Marina Point at Hope Island.
Empty nesters have been flocking to a new community on the Gold Coast in search of ‘house-sized apartments’ on the riverfront.
Marina Point Apartments, the $500m masterplan development coming to life on Hope Island’s waterfront, has recorded a strong spring with more than $30m in sales to mature locals in the past two months including its two highest sales totalling more than $12m.
Marina Point.
Development and sales manager Reza Niari.
The Sanctuary Cove friends and soon-to-be neighbours each paid $7.7m and $4.4m for their future sky homes.
The sales surge comes as the first building at Marina Point has topped out ahead of welcoming first residents in March, with a new display apartment now open for private viewings.
Construction of the second building has been fast tracked and is on schedule for completion mid-2027.
Development and sales manager Reza Niari said strong interest from the local market wasn’t surprising and word-of-mouth remained strong.
“The combination of our expansive apartment layouts, exclusive resort-style facilities and private marina with bridge-free ocean access make Marina Point very appealing to those living in nearby waterfront homes,” Mr Niari said.
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The lap pool at Marina Point.
“We are seeing a lot of our buyers downsizing from Sanctuary Cove or Sovereign Island because they’re realising you don’t have to come very far to secure your next lifestyle move that is still within a secure, gated community.”
“With almost all of Marina Point’s apartments have been sold to owner occupiers, it’s clear that our future residents want to embrace that low-maintenance, lock-up-and- leave lifestyle while staying close to the waterfront.”
Builder developer Rick Sheida.
Builder developer Rick Sheida said a Marina Point buyers could even amalgamate if one apartment wasn’t enough.
“Unlike other new developments rising across the region, we’ve designed house-sized apartments up to 319 sqm to suit our market,” Mr Sheida added.
“We have one lovely couple who has merged two penthouses into one super-sized 553 sqm sky home featuring four bedrooms, two kitchens and a private cinema … this kind of amalgamation is incredibly rare but we’re willing to do it before construction
progresses too far on Building 2.”
One of the bedrooms.
Penthouse amalgamation buyer Colin Sampson stumbled across Marina Point by chance and has since recommended the project to family and friends.
“I was cycling past one day and realised the site itself was beautiful with north and northeast facing aspects. I first made enquiries and my son went onto purchase an apartment … we have friends who have now bought too.”
“Typically, you don’t have access to developers and they’re faceless, but that’s not the case here.
“It’s like a big, warm family and when the owner is walking around with a hard hat and tools on his waist, you know they are serious in business.”
Upon completion, Marina Point will be gated and feature four buildings across the 2.2ha site with 370m of water frontage.
On-site facilities include the already finished wellness pavilion with a 25m lap pool, golf simulator room, yoga studio, fully equipped Technogym and infra-red sauna.
Future facilities include a resident’s club on the water’s edge, putting green, barbecue zones and more than 1ha of landscaped gardens and green space.
Apartments are selling from $1.415m for a two-bedroom apartment to more than $4m for 319 sqm penthouses.
English (US) · 