Work has started on what is set to be one of the most luxurious offerings on the Gold Coast – the first ever apartments within the exclusive Sovereign Island enclave.There has already been strong interest in the eight-residence project known as The Sovereign, with buyers keen to take advantage of the limited offering.The Sovereign has been designed in line with the prestige of the island enclave.The $31 million project by Vested Group, at 15-19 Royal Albert Crescent, is expected to be completed by June 2020. Vested Group director Ian Chester said the aim was to develop something exclusive, in line with the prestige of Sovereign Island as a luxury enclave. He also confirms that the construction cost is about the same to build a 25-unit development, and no expense has been spared.The island on the northern end of the Gold Coast is connected to the mainland at Paradise Point via a bridge and is so tightly held that only six properties have changed hands this year.It is one of the most luxurious areas on the Gold Coast, with deep water moorings and homes with multi-million-dollar price tags. In fact, few homes in this area sell for less than $2 million and a record sale of $11.05 million was chalked up last year.Residents will have access to a landscaped swimming pool, and a private rooftop terrace and entertainment area.Chester said The Sovereign was a “once in a lifetime” opportunity to build something that would set a new benchmark for luxury apartment living.“This is truly a bespoke luxury living project. And not only will the quality of the building be impressive but so will the water views. As the highest set building on the island, the views will never be built out,” he said.“There is an increasing demand from discerning buyers for this type of living. Interest has already come from professionals, baby boomers, downsizers and weekenders. These residences are as big as some of the homes on the island, so we have taken great care in designing something special that fits in with those grand proportions.”Only 45 per cent of the site will be built on and the three-storey building will have only eight apartments in total: two penthouses, two sub-penthouses and four large ground floor apartments.The design brief was to deliver the ultimate in luxury and resort-style living.Lead architect, Sandra Browne of Cottee Parker Architects, revealed a key design element had been to split the complex into two “pavilion houses,” which allowed for a view corridor from the street through to the water.All apartments will have spacious open-plan living areas and quiet zones.Browne said as well as helping to capture views, splitting the design into two pavilion houses created a more intimate development, reinforcing the luxury and privacy for the residents.“The ground floor units are angled and set back to negate any privacy concerns, the penthouses individually occupy an entire floor plate, so they have no shared neighbours with a party wall, and windows to the entry spine have been staggered and screened to avoid any overlooking issues.”The apartments have been designed with spacious open-plan living areas, and there are also quiet zones that act as a retreat for residents.Each unit is really more of an elevated home ranging from 329sqm to a staggering 739sqm, and all ground floor residences will have their own plunge pool.The considered design incorporates granite, marble and limestone throughout.They each have three or four bedrooms, 4.5 bathrooms and a media room plus each has a combination of timber and wool carpet floors. There is air conditioning, CBUS home automation technology, and state-of-the-art technology and appliances throughout, including Gaggenau and Sub Zero. Each space also features granite, marble and limestone extensively throughout.Residents will have access to a full-time concierge service, which will organise everything from car and boat washing, to driving residents to the airport, and booking a massage or theatre tickets. There will also be a residents’ swimming pool and a private rooftop terrace with 360-degree views, barbecue and entertainment area.The Sovereign will deliver the ultimate in luxury and resort-style living.The development also has its own mini marina, so each apartment comes with a private berth of up to 65 feet and three car parking spaces.While confident they have thought of everything needed for the project, Chester said there was some ability for those who signed up early to have some input and customise their home.Priced from $3.145 million to $5.45 million, Chester said the prices were about 35% less than buyers in southern states were already paying for similar products.All renders designed by Studio 5253 and supplied courtesy of Vested Group.