Mr Henzell said the sales achieved were a reflection of high demand for luxury new residences tailored toward downsizers. He said the overwhelming inquiries and sales put the group way ahead of initial expectations. All five of the luxury penthouse terrace collection within the first stage sold within a week of its launch to market. Mr Henzell said one of the three-bedroom apartments in the penthouse collection sold to a Melbourne buyer who purchased it site unseen. The Cove is the final instalment in the Pelican Waters community which the Henzell family has been developing for more than 30 years. It will be developed over four stages and includes 220 apartments and terrace homes, a grocer and waterfront restaurant.