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Development profile / Sunshine Coast / Apartments
The Cove (Comino), Pelican Waters
The Cove (Comino), Pelican Waters is 2-3 bedrooms plus multi-purpose room apartments by Henzell Property Group at 18 Spitfire Banks Drive, Pelican Waters QLD 4551. From $1,990,000 (Comino stage $1.4m-$5.3m; only a few remain). Construction complete. DA approved.
Completed marina-front apartments at the Pelican Waters marina by Henzell Property Group, with final residences from $1,990,000.
- Location
- Pelican Waters, Sunshine Coast
- Residence
- 2-3 bedrooms plus multi-purpose room
- Status
- Construction Complete
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Before you decide
What is worth verifying before you buy.
This profile is built from public sources: the project's official website and local press. Comino is the completed second apartment stage of The Cove, Henzell's $200m+ marina precinct at Pelican Waters — 40 house-sized apartments of 197-511sqm fronting the marina rather than the surf beach. The earlier Corsica stage's terraces sold out. Buyers should independently verify current availability, pricing, inclusions, contract terms and title details before proceeding.
01
Henzell Property Group is the original Pelican Waters master developer with a multi-decade local track record.
02
Marina-front living competes for the same dollar as beachside stock but offers a different lifestyle — boats over surf.
03
Compare the from-$1,990,000 completed stock against under-construction beachside alternatives at Kings Beach and Bokarina.
Verified project data
Development details on record.
- Address
- 18 Spitfire Banks Drive, Pelican Waters QLD 4551
- Developer
- Henzell Property Group
- Builder
- Not publicly disclosed
- Construction stage
- Construction Complete
- Expected completion
- Construction Complete
- Council DA status
- Approved — DA number: Investigating
- Apartment types
- 2-3BR + multi-purpose room, 197-511sqm
- Floor plan sizes
- 197-511sqm
- Starting price
- From $1,990,000 (Comino stage $1.4m-$5.3m; only a few remain)
- Number of residences
- 40
- Views
- Marina
- Key amenities
- Marina-front precinct amenity
- Buyer incentives
- Body corporate fees covered promotion (confirm current terms with agent)
- Developer market segment
- Premium
Henzell Property Group's notable past projects: Pelican Waters master-planned community; Corsica at The Cove
Visit the official project website ↗︎
Selling agent: Henzell Property Group, 1300 023 106
Quick answers
Common questions about The Cove (Comino), Pelican Waters.
- Where is The Cove (Comino), Pelican Waters?
- The Cove (Comino), Pelican Waters is at 18 Spitfire Banks Drive, Pelican Waters QLD 4551, in Pelican Waters on the Sunshine Coast.
- What is the starting price at The Cove (Comino), Pelican Waters?
- Published pricing at The Cove (Comino), Pelican Waters starts from $1,990,000. Prices change between releases, so confirm the current list before relying on it.
- Who is the developer and builder of The Cove (Comino), Pelican Waters?
- The Cove (Comino), Pelican Waters is developed by Henzell Property Group.
- When will The Cove (Comino), Pelican Waters be completed?
- The Cove (Comino), Pelican Waters is recorded as construction complete. Stage: Construction Complete.
- Is The Cove (Comino), Pelican Waters council approved?
- The development application for The Cove (Comino), Pelican Waters is recorded as approved.
- What residences are offered at The Cove (Comino), Pelican Waters?
- The Cove (Comino), Pelican Waters offers 2-3 bedrooms plus multi-purpose room apartments: 40 residences, configurations of 2-3BR + multi-purpose room, 197-511sqm, floor plans of 197-511sqm.
- What are the views and amenities at The Cove (Comino), Pelican Waters?
- The Cove (Comino), Pelican Waters offers Marina views and amenities including Marina-front precinct amenity.
Answers are drawn from council records and developer disclosures on this page and can change between releases. Verify anything you intend to rely on.
2027 tax changes
What the 2027 rules mean here.
Needs confirming
Depends on when the certificate of occupancy was issued
This building is finished, so whether it still counts as new turns on the date of the certificate of occupancy and when you acquire — not on the fact that it is newly built. Treasury's exposure draft proposes a property acquired within 24 months of a certificate of occupancy being issued, but the test is set by a ministerial instrument that has not been made. Confirm eligibility in writing before you rely on it.
- Completion
- Construction complete
- Construction stage
- Construction Complete
- Completes after 1 July 2027
- No
Why it matters: a qualifying new residential dwelling keeps the 50% CGT discount, sits outside the 30% minimum tax, and stays negatively gearable. An established dwelling bought after 12 May 2026 does none of those things. That gap is worth real money, and it is a question to settle in writing before you sign — not one a listing can answer.
General information only, not tax advice. The calculators estimate basic income tax and exclude the Medicare levy, offsets and state taxes.
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