first_imgRoads and residential blocks are starting to take shape at Paradise Waters’ new estate, Sovereign Shores.ROADS and residential lots are starting to take shape at Paradise Point’s new Sovereign Shores estate.Metacap Developments is behind the 58 block estate, which overlooks Sovereign Islands.Ray White Sovereign Islands principal Ali Mian, who is marketing the estate, said 14 of the 35 vacant lots in stage 1 had already sold.“Once stage 1 is sold out, then stage 2 will take place,” Mr Mian said.“Stage 2 will be another 23 lots.”He said the estate was expected to be finished by the end of July, subject to weather conditions.More from news02:37International architect Desmond Brooks selling luxury beach villa18 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoThe new estate will overlook Sovereign Islands. Picture Mike Batterham“The construction has commenced, the whole land sale division is taking place,” Mr Mian said.“It’s a very exciting time (because) this land has been sitting there for such a long time.”The lots range in size from 425sq m to 728sq m with prices starting from $589,000 up to more than $1 million.Mr Mian said it was attracting local and interstate buyers, including those from Brisbane, Melbourne and Sydney.He said buyers could build up to three dwellings per lot and as high as three levels plus a rooftop entertainment area.“This estate is beautiful,” Mr Mian said.“You are right next to the beach.”Residents will be able to access the established resort-style facilities of Salacia Waters, including the residents’ club with library and meeting room, 12-seat cinema room, gym, sauna, two pools and a spa, three barbecue areas and a function room with entertainment deck. Mr Mian said 22 marina berths were also up for grabs.last_img

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