A waterfront block in the Serenity Waters estate in Helensvale has cracked $2m at auction to set a new record sale price for the suburb.
The landmark sale heralds the end of a golden era for waterfront land on the Gold Coast’s North Shore – made famous by the pioneers of Sanctuary Cove, Sovereign Island and Hope Island – with prices for any remaining blocks expected to rise markedly.
A rare waterfront lot in the Serenity Waters Estate in Helensvale has set a record for the suburb.
Six bidders registered to make a play for 8 Lake Serenity Blvd, a ready to build on 1,100sq m block with 18m of absolute water frontage and an established pontoon.
About 60 people braved the wet conditions to watch the sale which was conducted by Justin Nickerson of Apollo Auctions who was selling the block on behalf of Ashwin Property.
The hammer came down at $2.091m with the winning bid coming from a family who currently lives near Newcastle in NSW. They will soon relocate to Serenity Waters and build their dream home.
According to RP Data, the previous highest recorded land sale in the suburb was for a 1,257sq m block with 36m of water frontage in North Bank Ct in the River Links estate.
It sold in November 2021 for $1.85 million.
Justin Nickerson of Apollo auctions held court for Ashwin Properties.
Ashwin Property director Tony Ashwin said recent waterfront land sales across the precinct were setting new records as access to greenfield land dried up.
“What we’re seeing is a strong and sustained shift upwards in value,” Mr Ashwin said.
“It has taken a generation, but the original vision of the pioneers who created the Gold Coast’s North Shore has finally been realised.”
Serenity Waters is the only freehold only freehold land subdivision within the masterplanned community within the wider masterplanned community Serenity 4212.
Ashwin Property director Tony Ashwin said recent waterfront land sales across the precinct were setting new records as access to greenfield land dried up.
“What we’re seeing is a strong and sustained shift upwards in value,” Mr Ashwin said.
“It has taken a generation, but the original vision of the pioneers who created the Gold Coast’s North Shore has finally been realised.”
Serenity Waters was the first precinct to be delivered by joint venture partners Keylin and Kinstone Group as part of the wider 65ha Serenity 4212 master planned community at Helensvale.
It comprises 110 land lots and three private waterfront community parks, and is the only freehold land subdivision within the masterplanned community. The developers had retained the lot at 8 Serenity Blvd until the auction at the weekend. The rest of the development has long been sold out.
Large waterfront block on the North Shore of the Gold Coast are becoming rare.
The site is located minutes from Hope Island’s shopping precincts, schools and golf course and an eight-minute drive to the Coomera Connector M1 upgrade, placing Gold Coast beaches and the Brisbane CBD within easy reach.
Keylin managing director Louis Cheung said the glory days of enormous waterfront lots on the Coast were coming to an end.
“The legacy planning approvals that delivered Sanctuary Cove, Hope Island and Serenity 4212, can never be replicated,” Mr Cheung said.
“These waterfront locations are now the rarity, not the norm.
“It’s a structural shift for the northern Gold Coast property market, which for the past four decades has enjoyed access to a seemingly endless supply of waterfront and canal front land.
“We’ve officially arrived at the end of an era.”
Originally published by Realestate.com.au