Gold Coasts Southport Spit $300m Superyacht Development in progress.

Earth moving machinery is expected to begin the construction on the first major development along “The Spit” on the Southport Broadwater, north of Surfers Paradise, which is the first development on the Spit  for over 20 years.

Developer Gordon Corp said work will begin on its luxury $300-Million Mantaray Marina and Residence project after Easter.

The Mantaray Marina Residence consists of only 14 apartments and 10 Penthouses, and the three-storey development is touted to become one of the Glitter Strip’s most exclusive addresses.

One of the Penthouses was sold off-the-plan for $28 million a year ago.

As well, two sub-penthouses have recently been snapped up for $17.5 million each by two Sydney families as holiday homes.

Sales in the project fronting the Southport Broadwater were launched in mid-2023 with two members of a Gold Coast family among the first buyers, each paying $12 million for villas.