The property was developed by Mike Gore, was launched in 1986, and was opened in 1988. The opening event was hosted by
Clive James, who described the community as a "purpose-built hideaway for the discerning Australian", and also featured a performance by
Frank Sinatra, despite having vowed he would not return to Australia after an unsuccessful tour in 1974. In 1989 the resort was purchased by EIE International Corporation, a Japanese real estate investment company, with financial assistance from the Long Term Credit Bank of Japan. In 1992, following the downturn in the Japanese economy, EIE went into receivership, along with the Sanctuary Cove development company (Discovery Bay Developments Pty Ltd). The property was bought by Mulpha Australia Limited in 2002. On 9 April 2010 a new golf clubhouse was launched. ==Resort==