Pradella Property Ventures, the developer behind Seachange, has secured the 6ha site – which features nearly 200 metres of premium waterfront – at Upper Coomera (pictured) in an off-market sale.
Just last week, we revealed Seachange had committed $70M to their third Land Lease Community, a 160-home community in Toowoomba here.
While the sale price remains confidential, the final figure is rumoured to be over $10M and includes one 3ha approved site and one 3ha residential site. Once complete, the site will feature 130 homes valued at $75M.
“Seachange is known for its premium homes in unique, irreplaceable locations. A development application will need to be lodged over the whole site delivering a high quality master planned resort that takes advantage of the waterfront position,” Seachange’s Director of Sales & Marketing Alex McMahon said.
The private family-run operator has a development pipeline worth more than $260M.
