THE spectacular new $100 million boutique apartment project, Avalon, on the pristine banks of the Maroochy River is set to capitalise on the coastal renaissance underway on the Sunshine Coast.

Award winning Southeast Queensland developer Mosaic Property Group is behind Avalon, touted to become a new landmark for Maroochydore, a region set for a new phase of unprecedented growth.

Buyers have swooped on Avalon - a stunning collection of never to be repeated residences set directly on a rare waterfront property - in testament of the need for high-end living in what is emerging as one of Queensland's most sophisticated residential hubs.

Mosaic Property Group Managing Director Brook Monahan said Avalon will complement the abundant lifestyle opportunities on offer at Maroochydore, on the fringes of Maroochydore's new $2.1 billion city centre.

"We are creating a truly breathtaking project complete with resort-style facilities, direct river access from private pontoons and a café that will not only add to the transformation in the area but become a benchmark project in the area.

"The Sunshine Coast and Maroochydore have not seen this level of luxury and prestige for many years, particularly in such an incomparable location."

Maroochydore is currently welcoming a massive increase in infrastructure and amenities, stepping up as one of Australia's fastest growing cities, complete with new parks, waterway, shopping, dining and lifestyle precincts. 

Mr Monahan said Maroochydore is poised to benefit substantially from major game changing public and private projects, making Avalon a once in a lifetime opportunity for buyers.

"The future of Maroochydore has never looked brighter, and we are excited to be a part of the transformation and growth of the city.

"It is the rare combination of unique macro investment drivers, unparalleled architectural design, plus the highly aspirational riverfront location, that elevates Avalon to a never to be repeated opportunity".

Avalon apartments range from 109sq m to 503sq m with prices starting at $560,000 for two bedrooms and $900,000 for three bedrooms.

Avalon's viewing deck is now open at 100 Duporth Avenue, Maroochydore, and Mosaic are welcoming the public to explore its showroom and witness the expansive views on offer at Avalon.