Developers are showing strong interest in a premium parcel of land at The Waterfront in Shell Cove, with the site listed for sale at about $7.5 million. The 1,547-square-metre property at Shoal Lane comes with existing development approval for four homes, making it one of the few ready-to-build harbourfront opportunities remaining in tl Agents described the block as “unique” due to its direct waterfront positioning and proximity to the marina, dining precinct and coastal amenities at The Waterfront Shell Cove. The broader masterplanned project includes a 270-berth marina, retail precinct, restaurants and tourism infrastructure. The listing comes as Shell Cove enters the final stages of its decades-long redevelopment, with strong demand continuing for high-end apartments, marina living and coastal land opportunities across the Illawarra region. Industry observers say approved development sites have become increasingly valuable due to limited remaining waterfront land and growing housing demand along the NSW South Coast. Community debate around density and infrastructure continues across the Illawarra as councils balance rapid population growth with transport and public facility upgrades.