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Ten years on, Gold Coast's Ephraim Island has now sold out

Ephraim-Island-to-Stradbroke

The Ephraim Island development located at the northern Gold Coast has sold out all 383 apartments for a total sales value of more than $350 million.

The 9.619-hectare site, located 400m from Paradise Point, was a joint venture between

The Lewis Land Group of Companies and ASX-listed 

Mirvac.

Established in 1957, The Lewis Land Group of Companies has specialised in waterfront residential development including the Sovereign Islands development.



Completed over a decade ago in 2003, Ephraim Island is one of the largest developments on the Gold Coast with five different precincts; Marina, Inlet, Promontory, Broadwater and Reserve.

Home to over 500 residents, Ephraim Island was named Residential Lifestyle Development of the Year by the Housing Industry Association (HIA).

The five precincts are a diverse mix of apartments, villas and homes and 75% of the island is dedicated to open parklands, lakes, inlets and a conservation reserve.

Mirvac chief executive officer residential, John Carfi believes that the uniqueness of the Ephraim Island community will not be replicated on the Gold Coast again.

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Article originally posted at: https://https://theurbandeveloper.com/articles/ephraim-islands-on-the-gold-coast-has-sold-out