A third release of land plots at the popular Waterfront development in Shell Cove have all been snapped up within hours of hitting the market.
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Twenty-nine lots – known at the Drift release – ranged from 366 to 723 square metres and priced from $465,000 to $685,000, all sold Saturday morning.
Like previous releases, Frasers Property Australia offered them by ballot where interest buyers had to apply.
Development director Glenn Colquhoun said the latest sell-out was “overwhelming”.
"The future marina with pontoon berthing and surrounding harbour services and facilities, combined with recreational areas such as golf courses, parks and playgrounds, position Shell Cove as one of the state’s most compelling lifestyle destinations,” he said.
The Waterfront, Shell Cove won the UDIA NSW award for best concept plan in 2012 and is currently under construction.
Shell Cove is the largest coastal residential development ever initiated by a local government authority in Australia.
Its man-made harbour will be around 30 per cent larger than Sydney’s Darling Harbour upon completion.
The previous two land releases at The Waterfront also sold out on the morning they were released.