Land releases dry up at $225m waterfront Cova

The $225 million Cova community at Hope Island is anticipating the arrival of its most spectacular homes yet with the sell-out of the Northwater waterfront land release.Northwater was Cova’s final land offering but the popularity of the northern precinct, Cova North, has developer Frasers Property Australia preparing to release a collection of terrace homes in coming months.One of Cova’s finest land offerings, Northwater, comprises 13 north-facing waterfront lots and will deliver some of the most desirable streets in the community.Cameron Leggatt, General Manager Residential Queensland for Frasers Property Australia, said he expected some of Cova’s most stunning homes to be built within Northwater.“These premium lots have been highly sought after by end-user buyers who plan to build some spectacular homes befitting the waterfront location,” he said.“And as a result of the popularity of the Cova North location, Frasers will release a range of Northwater Terrace homes in October.”Northwater’s streets will feature meticulous streetscaping, and all Cova North residents have access to the resort-style Club Cova, which includes a lap pool, gymnasium, and a rec club with kitchen and BBQ facilities, tables, shelters, and function room with TV.The success of the Northwater land release follows the highly successful Park Gallery Terrace Home offering, which is also sold out and is due to settle in September.David Thompson and partner (name) were among the first to purchase within Northwater and hope to start building their three-bedroom, three-bathroom dream home later this year.Mr Thompson said the Northwater offering satisfied their desire to live by the water within a family-friendly community.“We’ve been looking everywhere from Benowa right up to Brisbane for a property, but at Cova we can build a brand new home on the waterfront that’s perfectly tailored to our needs,” he said.“For the children, there are some really great schools nearby and the community itself has a great vibe.“We love the water as well so it’s a great opportunity for us to park the jet-skis out the front and jump onto the Broadwater whenever we like – it’s everything we were looking for in a home and we can’t wait to move in.”The 31 hectare waterfront Cova community comprises a mix of land, house and land, terrace homes and villas serviced by an array of leisure facilities including a centrepiece marina and Club Cova.Located just 3.4 nautical miles from The Broadwater, the freehold 79-berth marina is for the exclusive use of residents. Berths in the marina are still available for sale.Residents also have the use of nine parks, more than 5km of walking and cycle paths and green open space throughout the Cova community.Cova has a body corporate and an onsite manager.First home buyers in upcoming releases at Cova may be eligible to receive the recently boosted First Home Buyers Grant of $20,000.For more information on Cova visit the sales office on Cova Boulevard (just off Hope Island Road) every day from 10am to 5pm or call 13 38 38.