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Sanctuary Cove aerial

Sanctuary Cove has fast-tracked stage three of its Sanctuary Point land release, after stage two sold out within seven months.

Stage two has become the $2 billion estate’s fastest selling land release since Sanctuary Hills more than three years ago, achieving $18m in sales.

Just five lots remain available for purchase in stage one.

Mulpha Sanctuary Cove general manager of international sales John Hughes said the sales success was an incredible result for the golf and marine development.

“The quick sellout of Sanctuary Point’s stage two with its larger lots highlights the continuing strong demand for quality waterfront, resort-style living on the Gold Coast,” he said.

“This year we will celebrate 30 years of success and evolution at Sanctuary Cove … after 30 years of continuous supply of prime land at Sanctuary Cove, the recent completion of development works is having a huge impact on property values.”

Waterside land is currently selling from $649,000. The last remaining waterfront lots within stage one are on the market from $1.195 million. Stage three consists of 13 large north-to-water lots in Sanctuary Point.

“These lots allow for very large, three-storey homes with sizes ranging from 652m2 up to 1043m2,” Mr Hughes said.

“(They) are all north-facing over wide water views, with deep canals for larger boats and only minutes from the Broadwater.”

Mr Hughes said he did not expect the lots to be on the market for long.