Sovereign Promenade Achieves $20 Million in Sales as First Stage Nears Completion

In the heart of Paradise Point, Metacap Developments is crafting an unparalleled waterfront haven with its $85 million Sovereign Promenade project. Boasting $20 million in sales, this development on the Paradise Point peninsular is capturing the attention of discerning buyers, with completion of the first stage expected by March.

Situated on a 1.08-hectare site at 149 The Esplanade, Sovereign Promenade offers sweeping views of the Broadwater and the exclusive residential enclaves of Sovereign and Ephraim Islands. The development comprises a total of 28 residences, featuring a mix of luxury villas and apartments designed to cater to the demand for spacious homes along the Paradise Point foreshore.

The development includes four boutique apartment buildings, each housing three full-floor residences that prioritize privacy while providing easy access to the suburb's amenities. The apartments, ranging in size from 475sqm to 524sqm, offer a penthouse-style living experience with three bedrooms, three bathrooms, a media room, study, and four-car parking in the basement.

Adding to the diversity of layouts, Sovereign Promenade incorporates three-level villas with private plunge pools. These villas, each with three bedrooms plus a study, three bathrooms, a powder room, two car spaces, and a private plunge pool, cater to those seeking a premium waterfront lifestyle.

Residents of Sovereign Promenade will enjoy a range of amenities, including a swimming pool, gym, cinema, and an entertainment-function hall. The development is linked to waterfront pedestrian and bike paths, allowing residents to embrace an active lifestyle amidst manicured parklands.

With $20 million in sales and seven residences already sold, Sovereign Promenade is resonating with buyers seeking the epitome of coastal living. The remaining nine apartments and 12 villas are drawing interest from local downsizers who recognize the unique position of the Paradise Point peninsula.

As construction of the first stage nears completion, Metacap Developments anticipates heightened interest. The success of Sovereign Promenade reflects the developer's commitment to delivering a premium residential experience that aligns with the expectations of those seeking the best in coastal living on the Gold Coast.

Metacap Developments is gearing up for the official launch of the Chevron Island development in the first quarter of the next year, promising another boutique project in the heart of Chevron Island. The company's strategic acquisitions and commitment to creating premium living spaces signal confidence in the Gold Coast market's enduring strength and growth potential.