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Aspen Lifestyle Alexandrina Cove, Land Lease Community, Hindmarsh Island

71 Vesta Drive Hindmarsh Island, SA, 5214

3

Available

  • $769,000

  • 3
  • 2
  • 2
Under Offer

Waterfront 3-bedroom home, Altair Design

Unique 3-bedroom waterfront property with uninterrupted views of the lagoon. Located on a Hindmarsh Island surrounded by an established boating community, Aspen Lifestyle Alexandrina Cove provides a unique waterfront living experience. Features include: • Entertainment deck overlooking lagoon • Spacious open-plan kitchen, living, and dining area • Master bedroom with ensuite • Built-in wardrobes in two bedrooms • Modern kitchen • Reverse cycle air-conditioning • Double carport with automatic garage door • Separate laundry with additional linen space • Ceiling fans in bedrooms • High-quality floor and window finishes • Solar Panels • Heat Pump Water • Glazing and insulation to current Australian energy rating standards Enjoy comfort and great community life at Aspen Lifestyle Alexandrina Cove, an exclusive village designed for those aged 50 and over. Our homes are constructed with premium materials and finishes, offering practical, light-filled floorplans that cater to your lifestyle needs. Land Lease Living Benefits: • No exit fees • No stamp duty • No council rates • Affordable site rental fees • Potential eligibility for government rental assistance Currently under construction and expected to be completed in first quarter of 2027. Please note, images and floor plans are indicative only and may not serve as a visual representation. Colours and finishes are subject to change. Contact Samantha Priest at 0478 810 311 for more information or to organise a tour.

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  • $525,000

  • 2
  • 1
  • 1

A light-filled modern 2-bedroom home

Introducing the Hallam; a light-filled modern 2-bedroom home. This backyard North-West facing home features an open plan living/dining area creating a welcoming communal space. The open plan kitchen includes an island bench, breakfast bar and plenty of storage featuring soft closing premium joinery. Property Features: • Open-plan kitchen, living/dining area • Built-in wardrobes in both bedrooms • Modern kitchen with pura tap • Reverse cycle air-conditioning in living space and main bedroom • Secure carport with automatic garage door • Separate laundry • Ceiling fans in bedrooms and main living space • Quality floor and window finishes • Small shed • Access to community amenities, including a clubhouse, BBQ area, community garden, library, tennis court, and gym Enjoy the ideal mix of comfort and community at Aspen Lifestyle Alexandrina Cove, an exclusive lifestyle village for those aged 50 and over. Our homes are constructed with high-quality materials and premium finishes, featuring practical, light-filled floorplans designed to suit your needs. Located on an island within a marina and surrounded by an established boating community, you can enjoy daily fresh sea air and exposure to numerous river activities. Aspen Lifestyle Alexandrina Cove offers a unique waterfront location and the security of providing a safe and community-oriented environment. Benefits of Land Lease Living: • No exit fees • No stamp duty • No council rates • Affordable site rental fees • Possible eligibility for government rental assistance Discover this very sought after lifestyle for yourself and contact Sam at 0478 810 311 for more information.

Enquire Now

  • $769,000

  • 3
  • 2
  • 2
Under Offer

Waterfront 3-bedroom home, Altair Design

Unique 3-bedroom waterfront property with uninterrupted views of the lagoon. Located on a Hindmarsh Island surrounded by an established boating community, Aspen Lifestyle Alexandrina Cove provides a unique waterfront living experience. Features include: • Entertainment deck overlooking lagoon • Spacious open-plan kitchen, living, and dining area • Master bedroom with ensuite • Built-in wardrobes in two bedrooms • Modern kitchen • Reverse cycle air-conditioning • Double carport with automatic garage door • Separate laundry with additional linen space • Ceiling fans in bedrooms • High-quality floor and window finishes • Solar Panels • Heat Pump Water • Glazing and insulation to current Australian energy rating standards Enjoy comfort and great community life at Aspen Lifestyle Alexandrina Cove, an exclusive village designed for those aged 50 and over. Our homes are constructed with premium materials and finishes, offering practical, light-filled floorplans that cater to your lifestyle needs. Land Lease Living Benefits: • No exit fees • No stamp duty • No council rates • Affordable site rental fees • Potential eligibility for government rental assistance Currently under construction and expected to be completed in first quarter of 2027. Please note, images and floor plans are indicative only and may not serve as a visual representation. Colours and finishes are subject to change. Contact Samantha Priest at 0478 810 311 for more information or to organise a tour.

Enquire Now

Property Overview

Snapshot

Type of Dwellings Low-Rise Development
Minimum Dwelling Price $470,000.00
Maximum Dwelling Price $749,000.00

Location

Property Features

Recreational Facilities

  • Golf on-site
  • Cinema
  • Community centre
  • Gymnasium
  • BBQ area/s
  • Library
  • Community kitchen
  • Billiards room
  • Tennis Court

Amenities

  • Village bus
  • Vegetable gardens
  • Community TV
  • Storage for boat / caravans
  • Walk to transport

Pet Policy

  • Pets Allowed

Garages / Carports

  • 1 Car Garage
  • 2 Car Garage
  • Carport

Independence

  • Direct Garage Access
  • Secure Estate
  • Level access

Management

  • On-site manager
  • Residents committee

Accommodation Type

  • Over 55s Development

Contractual Arrangements

  • Buy
  • Land Lease

About this Property

Aspen Lifestyle Alexandrina Cove

The Community

Discover a vibrant, secure and welcoming over 50s community at Aspen Lifestyle Alexandrina Cove, located within the renowned Coorong Quays marina, one of the most stunning locations in Hindmarsh Island.

We are committed to providing quality-built, low maintenance homes, perfect for those over the age of 50 looking to downsize.

Residents can enjoy onsite facilities such as an exclusive clubhouse, putting green, tennis court, bocce court and library, making it easy to stay active and social.

Our newly built 2 and 3 bedroom homes are thoughtfully designed with practical layouts, high-quality finishes, and spacious open-plan living areas, ideal for entertaining family and friends. Built to stand the test of time, these homes offer comfort and style for your next chapter.

Embrace nature like never before with endless opportunities for bird watching, nature walks, and outdoor adventures right at your doorstep. Whether you’re an outdoor enthusiast or simply seeking relaxation this community has it all.

Our newly built, beautifully designed 2 & 3 bedroom homes are thoughtfully crafted with spacious open-plan living areas, sleek finishes, and ample room for entertaining family and friends, these homes are built to stand the test of time.

Enjoy the lifestyle of living in Coorong Quays, the largest freshwater marina in the southern hemisphere. Offering marina berths, dry berths, marine service facilities and long-term caravan storage.

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Aspen Group

The Operator

Aspen Group Retirement Communities and Lifestyle Resorts 

Last Updated: June 2026 

Author: Villages.com.au Retirement Living Specialist 

Aspen Group is an Australian lifestyle resort operator offering over-50s communities across New South Wales, Victoria, Western Australia and South Australia. Residents typically own their homes and enjoy access to recreational facilities, social activities and a low-maintenance lifestyle. This guide explains Aspen Group locations, amenities, ownership structures, costs and frequently asked questions to help you determine whether an Aspen Group community is right for you. 

About Aspen Group 

Aspen Group is an Australian property company that develops and operates residential, tourism and lifestyle communities. Its over-50s lifestyle resorts are designed for people seeking a more relaxed, community-focused way of living after downsizing or retirement. 

Aspen Group's lifestyle communities focus on providing modern homes, quality shared facilities and opportunities for residents to stay active and connected. The company operates communities across multiple Australian states, including New South Wales, Victoria, Western Australia and South Australia.

Unlike traditional retirement villages, many Aspen Group communities are built around a lifestyle resort model that emphasises home ownership, community living and access to recreational amenities. 

What Makes Aspen Group Different? 

Quick Summary 

  • Purpose-built communities designed for over-50s living 

  • Home ownership opportunities within lifestyle resort settings 

  • Modern facilities that encourage active living 

  • Secure, community-focused environments 

  • Low-maintenance homes and lifestyle benefits 

  • Pet-friendly options available at many communities 

  • Opportunities for social connection and community engagement 

Where Does Aspen Group Operate? 

Aspen Group Communities by State 

State 

Communities* 

New South Wales 

In Hunter Valley, and South West Sydney 

Victoria 

In West Wodonga 

Western Australia 

In Coodanup, Boyanup and Wundowie 

 

South Australia 

In Strathalbyn, Hindmarsh Island and Paralowie 

 

*Community locations may change over time. Always check the latest Aspen Group listings on villages.com.au

What Is Living at Aspen Group Like? 

Lifestyle and Social Activities 

Aspen Group communities are designed to support an active and social lifestyle. Residents often have opportunities to participate in organised activities, meet neighbours and enjoy a strong sense of community. 

Depending on the location, activities may include: 

  • Resident social clubs 

  • Community events and gatherings 

  • Fitness and exercise classes 

  • Walking groups 

  • Arts and crafts activities 

  • Hobby and interest groups 

  • Games and recreation programs 

  • Seasonal celebrations and community functions 

Many residents value the balance between maintaining independence and having opportunities to connect with others when they choose. 

Wellness and Recreation Facilities 

Facilities vary between communities but may include: 

Facility Type 

Available at Many Communities 

Clubhouse 

✓ 

Swimming Pool 

✓ 

Gymnasium 

✓ 

Bowling Green 

✓ 

Cinema Room 

✓ 

Arts & Crafts Spaces 

✓ 

Community Lounge 

✓ 

Tennis or Pickleball Courts 

Community Dependent 

Outdoor Recreation Areas 

✓ 

The facilities available at each community should always be confirmed before purchasing. 

Home Ownership at Aspen Group 

Do Residents Own Their Homes? 

Many Aspen Group communities operate under a land lease model, which differs from a traditional retirement village. 

In an Aspen Lifestyle community, residents typically: 

  • Purchase and own their home 

  • Lease the land on which the home sits through a long-term site agreement 

  • Have the right to occupy their site and use community facilities 

  • Retain ownership of their home when they choose to sell 

  • Benefit from protections provided under state land lease legislation 

This model is designed to provide the benefits of home ownership while reducing some of the costs often associated with traditional property ownership. 

Land Lease vs Retirement Village 

Feature 

Aspen Land Lease Community 

Traditional Retirement Village 

Home Ownership 

You own your home 

Usually a licence or leasehold right to occupy 

Land Ownership 

Community operator owns the land 

Operator owns village land and infrastructure 

Stamp Duty 

Generally not payable 

Usually not payable 

Council Rates 

Typically included within site arrangements 

Generally included in village fees 

Exit Fees 

Often none, depending on community 

Commonly charged as a Deferred Management Fee (DMF) 

Capital Gains 

Homeowner typically retains capital gains 

May be shared depending on contract 

Commonwealth Rent Assistance 

May be available for eligible residents 

Generally not available 

Prospective buyers should always review the specific agreement for their chosen community, as arrangements can vary between locations. 

Buying a Home in an Aspen Group Community 

The buying process is generally straightforward: 

  1. Explore available communities and homes. 

  1. Visit the community and inspect facilities. 

  1. Review the site agreement and disclosure documentation. 

  1. Seek independent legal and financial advice. 

  1. Purchase your home. 

  1. Enter into the site agreement for the land. 

  1. Move in and enjoy the community lifestyle. 

Because residents purchase the home rather than the land, entry costs can often be lower than purchasing a comparable freehold property in the same location. 

What Does It Cost to Live at Aspen Group? 

Home Purchase Costs 

The purchase price of an Aspen Lifestyle home varies according to: 

  • Community location 

  • Home size and design 

  • Number of bedrooms 

  • Garage configuration 

  • Upgrades and inclusions 

  • Local market conditions 

One of the key financial advantages of the land lease model is that residents purchase the home without purchasing the underlying land. This can make home ownership more affordable compared with traditional residential property purchases. 

Many Aspen communities also promote: 

  • No stamp duty 

  • No council rates 

  • Lower entry costs than comparable freehold homes 

These benefits can help free up capital from the sale of a family home for travel, investments or lifestyle spending. 

Ongoing Fees and Charges 

Residents generally pay a recurring site fee for the right to occupy their site and access community facilities. 

Cost Type 

Description 

Home Purchase 

One-off purchase of the home 

Site Fee 

Ongoing fee for leasing the land and maintaining community infrastructure 

Utilities 

Electricity, internet and other personal services where applicable 

Home Maintenance 

Responsibility of the homeowner 

Optional Services 

Community-specific services where offered 

Site fees typically contribute towards: 

  • Community facilities 

  • Shared gardens and landscaping 

  • Streetscapes and common areas 

  • Community management and administration 

  • General village upkeep 

Eligible Age Pension recipients may also qualify for Commonwealth Rent Assistance to help offset site fees. 

Are There Exit Fees? 

One of the major differences between many Aspen Lifestyle communities and traditional retirement villages is the approach to exit fees. 

Many Aspen land lease communities advertise: 

  • No deferred management fees (DMFs) 

  • No large exit fees 

  • Retention of 100% of capital gains 

  • Retention of the home's resale value (less any applicable selling costs) 

However, exit arrangements can vary between communities. Some established Aspen communities may have a modest exit fee structure, while others advertise no exit fees at all. Buyers should always review the disclosure documents and site agreement for their chosen community before purchasing. 

Why This Differs From a Retirement Village 

Traditional retirement villages often charge a Deferred Management Fee (DMF), which is usually deducted when a resident leaves or sells. Depending on the contract, this can represent a significant percentage of the resale value. 

By contrast, the Aspen land lease model is generally designed around: 

  • Home ownership 

  • Simpler contractual arrangements 

  • Greater retention of capital gains 

  • Reduced exit costs 

  • Transparency around ongoing fees 

For many downsizers, this can make it easier to understand the long-term financial outcome of their move and retain more of their equity when they eventually sell. 

Who Is Aspen Group Best Suited For? 

Ideal Resident Profiles 

Aspen Group communities may suit: 

  • Active retirees 

  • Downsizers seeking lower-maintenance living 

  • Travellers wanting a secure home base 

  • Couples looking for a lifestyle-focused community 

  • Singles seeking social connection 

  • Homeowners wanting access to shared facilities 

  • People seeking community living without the upkeep of a larger property 

Potential Considerations 

Before choosing an Aspen Group community, consider: 

  • Preferred location and proximity to family 

  • Community rules and regulations 

  • Ongoing fees and budget requirements 

  • Home ownership structure 

  • Lifestyle preferences 

  • Available facilities 

  • Future care and support needs 

Comparing multiple operators and communities can help you make a more informed decision. 

Find an Aspen Group Community 

If you're considering downsizing or exploring over-50s lifestyle living, Aspen Group communities may offer a combination of home ownership, lifestyle facilities and community connection. 

You can: 

  • Browse Aspen Group communities 

  • View available homes 

  • Compare locations across Australia 

  • Request information directly from communities 

  • Arrange inspections 

  • Compare Aspen Group with other retirement living operators 

Start exploring Aspen Group communities on villages.com.au and find the lifestyle community that best suits your next chapter. 

 

View all villages and aged care facilities of Aspen Group

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