Sanctuary Cove is a gated community and town in the suburb of Hope Island in the City of Gold Coast, Queensland, Australia. It is completely self-contained residential environment with its own shopping centre and entertainment facilities, with the addition of many of the facilities of a holiday resort, such as boating marinas and golf courses. It was the second of such developments in Australia and is notable for its impact in planning legislation in Queensland to allow it to proceed.
Geography
Sanctuary Cove covers an area of 474 hectares south of the Coomera River close to its mouth. To the east of Sanctuary Cove is Coomera Island. Sanctuary Cove provides a completely self-contained residential environment with its own shopping centre and entertainment facilities, with the addition of many of the facilities of a holiday resort, such as boating marinas and golf courses. Sanctuary Cove continues to grow as remaining land is developed. It was the second of such developments in Australia and is notable for its impact in planning legislation in Queensland which had to be altered to allow it to proceed, due to the privatisation of such large areas of urban land.
History
The property was developed by Mike Gore and launched in 1986. In 1989 the resort was purchased by EIE International Corporation, a Japanese real estate investment company, with financial assistance from the Long Term Credit Bank of Japan. In 1992, following the downturn in the Japanese economy, EIE went into receivership, along with the Sanctuary Cove development company. The property was bought by Mulpha Australia Limited in 2002. On 9 April 2010 a new golf clubhouse was launched.
Resort
operates the luxury hotel at Sanctuary Cove. The resort was previously called the Hyatt Regency Sanctuary Cove as was managed by Hyatt. In late 2012, management was taken over by Intercontinental. It contains 247 rooms. The marina contains 300 moorings for all vessels including superyachts up to 36 metres in length.
Governance
Sanctuary Cove has a multi-tiered system of governance. Each Lot belongs to a Residential Body Corporate, of which there are 20. Lot owners elect an RBC Committee and Chairman.
Events
It is home to the Sanctuary Cove International Boat Show which has been held annually since 1988.
