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This $55M land lease community club looks like a 5-star resort – and it’s just for over-50s

1 min read

Palm Lake Group has unveiled The Springs Country Club at Palm Lake Resort Pelican Waters on Queensland’s Sunshine Coast – a $55 million, 15,000m² architectural showpiece that could easily pass for a luxury resort.

More than 70 homeowners, all over 50, have already moved in – paying an average of $2 million each, with some spending well above double that for a slice of the opulence.

The Springs spans five precincts and includes the largest over-50s wellness centre in the Southern Hemisphere, a championship seven-rink bowling green, Palm Springs-inspired pool deck, whisky and piano bars, tenpin bowling alley, gold-class cinema, creative studios, and bespoke furnishings – 1,000 custom-made pieces designed exclusively for the space.

“Never before has the land lease lifestyle industry in Australia seen a communal facility of this calibre,” said Suzanne Jensen, General Manager, Development. “Nothing comes close – and may never come close in the future.”

The foyer of The Springs Country Club at Palm Lake Resort Pelican Waters

Palm Lake Group Managing Director Scott Elliott called it “our boldest dream come to life – one almost 50 years in the making,” adding, “I almost feel like Willy Wonka some days, moving between levels in The Springs’ gold elevator.”

Located beside the Greg Norman-designed Pelican Waters Golf Club, Palm Lake Resort Pelican Waters will total 332 homes by 2027 at a project cost of over $500 million, with several record-breaking sales already exceeding $4 million.