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Ephraim Island
BUILDING 2, EPHRAIM ISLAND,
PARADISE POINT, QLD
DESCRIPTION
Ephraim Island is a 9.6 hectare freehold title island located 15 minutes (9 km) north of Surfers Paradise and immediately south of Sovereign Islands on the Broadwater, Gold Coast, Queensland. Developed in 4 stages, Ephraim Island comprises 383 residential dwellings across five designated precincts. The complex includes a restaurant, well-being centre, lap pool, spa, gym and day-spa facility. The island also has 115 private marina berths.
| SUMMARY INFORMATION – 31 DECEMBER 2011 | ||
|---|---|---|
| IN PROGRESS | ||
| ACQUISITION DATE | Nov 01 | |
| LOCATION | Paradise Point | |
| PROJECT VALUE (INCL. GST) | $527m | |
| TOTAL LOTS | 383 | |
| PROJECT PERIOD | mid 2004 – mid 2015 | |
| OWNERSHIP STRUCTURE | 50% Mirvac Limited 50% Lewis Land Group of Companies | |
UPDATE
Construction on Ephraim island was completed in April 2008. The Promontory Precinct was recently sold out, with the last remaining house settled in December 2011.