Blue chip sale for Sapphire
THE site of the recently demolished Pelican Beach Resort will be transformed into a multi-million dollar oceanfront residential development.
The blue chip housing blocks in the exclusive Sapphire Beachfront Estate are already being sold off the plan, ranging in price from $395,000 to $1.5 million.
One of the properties has sold and another two are said to be under contract with blocks ranging in size from 430 to 900 square metres.
Works are under way to clear the six-hectare site, paving the way for 39 home sites which are designed to maximise the direct ocean views.
The beachfront estate, to be launched soon, is co-marketed by Coffs Harbour reality firms The Edge and Real Estate of Distinction.
“With ocean views from every dwelling, this is a unique and rare chance to create a coastal dream home on one of the most exclusive oceanfront addresses on the Coffs Coast,” Jason Burnett, principal of The Edge said.
“Sapphire Beachfront Estate holds a landmark position on a truly spectacular stretch of Australia’s eastern seaboard,” he said.
Developers hope the estate will become the Coffs Harbour equivalent of Byron Bay’s prestigious Wategos Beach.
“This sensitive new coastal estate with its benchmark sustainable planning will help secure Sapphire Beach amongst the most prestigious coastal real estate on the North Coast,” said Real Estate of Distinction’s managing director, Peter Stone.
“The vision is to promote a high quality, sustainable and contemporary beachfront oasis that does not detract from the splendour of the location.”
Architects Cox Richardson have focused on maximising ocean views and enhancing the former resort’s natural rainforest, palm groves and beachfront surrounds.
Design guidelines, imposed by the developers, have been placed on the estate to ensure the luxury community will take on a distinctive beachfront look.
It’s expected earthworks on the tiered home sites will start in August.