Henzell Group secure $12 million Terrace Collection sell-out at The Cove Pelican Waters
The Sunshine Coast developer Henzell Property Group has sold-out its collection of terraces in its first stage of The Cove, their $200 million masterplanned community at Pelican Waters
The boutique release of just 15 townhomes and penthouse terraces, dubbed the Terrace Collection, were bought by owner-occupiers, predominantly those who live locally.
The five penthouse terraces were snapped up within a week of their release.
They are part of The Cove's first stage, Corsica Residences, which comprises 51 residences all up. There's been 39 sales so far.
Sales have been so quick Henzell have brought forward construction, which could start this month.
Marcus Muir, sales and marketing director at Henzell, said a number of the buyers were attracted by the premium lifestyle on offer for residents in The Cove.
“There’s been a strong local owner occupier trend, with 80% of buyers from Pelican Waters, and all of them have been drawn by the quality of the residences and the level of exclusive resident amenities that would be right at home in a world-class resort.
“We’re experiencing exceptional demand across the entire Corsica Residences release which has set a remarkable early pace for our staged program to deliver The Cove’s master plan over the next few years.”
The Cove will home a number of luxury, resort-inspired amenities including an outdoor lagoon style pool with a swim up bar, set within a tropical landscape and reserved for the exclusive use of residents.
The Cove is the final instalment in the Pelican Waters community which the Henzell family has been developing for more than 30 years.
The master-planned community will be delivered in four stages over the next four years and when completed it will comprise a total of 220 apartments and terrace homes, a grocer and waterfront restaurant.
Joel Robinson
Joel Robinson is the Editor in Chief at Apartments.com.au, where he leads the editorial team and oversees the country’s most comprehensive news coverage dedicated to the off the plan property market. With more than a decade of experience in residential real estate journalism, Joel brings deep insight into Australia’s evolving development landscape.
He holds a degree in Business Management with a major in Journalism from Leeds Beckett University in the UK, and has developed a particular expertise in off the plan apartment space. Joel’s editorial lens spans the full lifecycle of a project—from site acquisition and planning approvals through to new launches, construction completions, and final sell-out—delivering trusted, buyer-focused content that supports informed decision-making across the property journey
