The final stage of an $8 million residential estate has been completed, with almost half the lots already under contract.
Cube Developments has announced the completion of stage two of the Park Rise Estate at Bli Bli, which includes 12 lots of about 700sqm each.
The completion of stage two follows on from the initial launch of 35 lots in the estate in 2021.
Cube senior development manager Daniel Ryan said the project was proving popular due to the scarcity of available land and its location.
“Park Rise is not just about housing, it’s about fostering a sense of community and providing lifestyle spaces where families can thrive,” Mr Ryan said.
The estate, which centres around Camelot Court off Camp Flat Road, is within walking distance of Good Samaritan Catholic College and sporting fields, and has easterly views over farmlands and towards Mount Coolum.
Cube sales consultant Sheldon Busch said the estate appealed to a variety of buyers.
“Local owner-occupiers are looking to realise capital gain from the Bli Bli area and move into a newer home, and we’ve also had families wanting to build their home on larger lots for the kids to play and have a yard plus a pool,” he said.
“Premium 700sqm lots are hard to come by for families looking to create a lifestyle for themselves in established areas.
“For comparison, lots in Aura and Harmony are significantly smaller and are selling for similar pricing. We have the best of both – larger lots in an established community, which is a rarity in today’s property market.
“Forty per cent of the lots in the first release are under contract and we have a number of other interested buyers speaking with their preferred builders about construction and achieving their dream build.”
Mr Busch said the completed homes in stage one of Park Rise showed potential buyers what was possible.
“When prospective buyers drive into Camelot Court they can see first-hand the quality and style of the homes built in the earlier stages,” he said.
“This gives them the confidence that their new home is surrounded by other established quality houses selling for premium prices.”
Land prices start at $595,000. For sales inquiries phone Mr Busch on 0418 743 848.
