Perhaps you live there (or you are thinking of moving to the glittering gem that is Sanctuary Cove!) – whatever the reason, Sanctuary Cove truly is a sanctuary. Famed for its word class Golf courses, manicured landscapes and prestigious waterfront properties, those fortunate enough to call the Cove home get to wake up in paradise every morning.
As the saying goes, Rome wasn’t built in a day, nor was the Cove. Read on to find out a history that involves helicopters, swamps, and a superstar Australia loved and hated in equal measure.
Occupying over 474 hectares south of the Coomera River, Sanctuary Cove is a gated community in the suburb of Hope Island on the Gold Coast, Queensland. The brainchild of the colourful developer Mike Gore, the site was officially launched in 1986.
At the time, the Cove was only the second development of its kind in Australia, and even required an act of Parliament to allow the project to proceed. The act permitted international buyers to re-sell their properties to overseas purchasers without prior federal government approval.
Considered a beacon of “resort style living”, the Cove was officially launched with a grand concert headlining Frank Sinatra and Whitney Houston. In a publicity stunt for the ages, the likelihood of Frank Sinatra actually appearing had been hotly contested in the national media. Why? Frank famously quipped only 10 years earlier (during a prior visit), “A funny thing happened in Australia. I made one mistake. I got off the plane.”
Rain that led to swamp-like conditions, an uncertain headliner and fear that the site would not be finished in time all added to a media frenzy preceding the launch. But launch it did. But it was not all plane sailing for the waterfront oasis. The development would change ownership several times before it became one of Queensland’s most desired locations.
With the first phase of development completed in 1986, Mike Gore quickly sold the site to a Japanese real estate investment company EIE International Corporation. Unfortunately, EIE itself went into receivership following the 1992 economic downturn in Japan. This meant Sanctuary Cove went into receivership before being purchased by current owners Mulpha Australia Limited.
From 2008 – 2010, a 50 million dollar investment saw new civil developments, updates to the overall infrastructure, and 13 million dollars spent on the World Class Sanctuary Cove Golf and Country Club.
Over the next decade, the Mulpha would continue to expand, invest and build more properties (Sanctuary cove is approved for 2000 residences). Along with increased residential homes came the ongoing development of the highly popular Sanctuary Cove Marine Village. At the same time, the preexisting Hyatt Sanctuary Cove was purchased by the Intercontinental Group to become the Intercontinental Sanctuary Cove.
The Cove of 2022 is synonymous with the words “world-class” – whether you’re seeking dining options, the Intercontinental, gold clubs or waterfront homes, everything in the Cove sparkles with the essence of prestige.
Like the rest of the Gold Coast, the future looks bright for Sanctuary Cove. With the pandemic in the rearview, the Cove is back in full swing. The Intercontinental used the downtime to renovate, and this year’s Sanctuary Cove Boat Show attracted a record 44,000 visitors and demand for prestige property has never been higher. And with the Spring Selling Season upon us, things continue to look up
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