Paradise Waters is waterfront living at its finest. The entire precinct, which forms a part of Surfers Paradise, was designed around every one of its blocks having waterfront living, with all traffic in and out being funnelled through one street, Admiralty Drive.
The enclave was one of the Gold Coast’s first canal estates and has been home to some of Australia’s most successful and high-profile business identities, sports people and politicians.
Developer Hooker Rex began building and marketing Paradise Waters in 1970 and it immediately attracted strong demand from buyers. Now, the precinct is home to some of the Gold Coast’s most palatial houses and property sales prices in the area often appear in the top 100 sales for Queensland. For example, in August 2021, the last vacant waterfront block on 85 Admiralty Drive sold for $8m.
Major reasons why buyers are attracted to Paradise Waters is its location and its large waterfront blocks sitting either on the riverfront and or on canals. Paradise Waters is perfect for boating enthusiasts. Most of the houses feature pontoons, jetties, boat ramps and/or boat houses. Cruising past the homes and you will often see people on their pontoons enjoying a sneaky fishing session from their own backyard.
And, although it is very close to the all the attraction of the tourism and entertainment hub of Surfers Paradise, Paradise Waters remains a private and tranquil escape. The neighbourhood is also just a short walk across to Macintosh Island Park and to the beach.
While most of the dwellings in the area are large homes, there were a scattering of residential towers close to the Gold Coast Highway and the light rail station. These apartment buildings – Grand Mariner, Nelson and Atlantis Towers – offer a relaxed, low maintenance lifestyle in resort-like complexes with incredible features such as lagoons, pools, tennis courts, gyms and private docks.