The waterfront property market on the Sunshine Coast continues to outperform broader housing trends, with Pelican Waters emerging as one of Queensland’s most tightly held coastal precincts. As 2026 begins, confidence remains strong across Brisbane and the Sunshine Coast, with industry forecasts pointing to continued dwelling price growth throughout the year.
Against this backdrop, Comino at The Cove, Pelican Waters, stands as a completed and proven example of premium waterfront apartment living done properly.
Waterfront Property Market Strength in Pelican Waters
Over three decades, Pelican Waters has evolved from a master planned coastal enclave into one of the region’s most desirable waterfront communities. Anchored by marina access, green open spaces, and a focus on outdoor living. The suburb has matured into a destination for established homeowners seeking lifestyle without the compromise of space, independence and privacy.
Recent sales activity at The Cove reinforces that demand. Four early 2026 sales at Comino, have reduced the remaining residences to a limited final release creating an urgency and greater interest. In a market where buyer hesitation can stall momentum, early year transactions are a clear signal of intent.
A record breaking penthouse sale last year further confirmed appetite for substantial, high quality waterfront residences. Importantly, these were not speculative purchases. Many buyers were local homeowners choosing to remain coastal while simplifying their living arrangements.
Why Large Format Waterfront Apartments Are in Demand
A defining feature of Comino is scale. These are not compact investor apartments. They are generously proportioned two and three bedroom residences designed to replicate the spatial comfort of a standalone home, without the ongoing maintenance.
Key attributes include:
- Expansive north east waterfront outlooks
- High ceilings and broad entertaining zones
- Secure freehold title ownership
- Premium specifications and refined finishes
- Secure underground parking and gated entry
With luxury waterfront residences now starting from $1,775,000, pricing reflects both construction realities and the irreplaceable nature of true water frontage. Rising build costs across Queensland have materially shifted feasibility for future projects, meaning comparable new waterfront stock at similar scale is increasingly difficult to replicate.
Investment in the Precinct Underpins Long Term Value
Pelican Waters is entering its next growth phase, supported by significant long-term investment and a broader residential vision valued at more than $400 million. Infrastructure, marina activation, and continued amenity improvements strengthen the fundamentals behind the waterfront property market in this corridor.
Residents at Comino enjoy walkable access to the marina village, cafés, landscaped pathways, and the beach or river minutes away, providing signature recreational assets on the doorstep.
This blend of lifestyle amenity and established infrastructure is precisely what today’s downsizers and prestige buyers are prioritising. Security, privacy, connection to water, and proximity to daily conveniences are now central to purchasing decisions.
Final Opportunities at Comino
Comino is complete. Owners are settled. The building has delivered on its original vision. What remains is a limited number of final residences.
For buyers seeking a luxury waterfront apartment in Pelican Waters, the opportunity is no longer theoretical. It is tangible, built, and ready to occupy. In a coastal market where premium waterfront supply is finite, and construction costs continue to rise, completed residences of this scale represent a narrowing window.
The Cove continues to demonstrate how premium coastal developments drive sustained real estate growth across the Sunshine Coast. For those ready to secure a north-east facing waterfront address in Pelican Waters, the final release at Comino represents a rare and enduring opportunity.
