Ofek HaYam (Kochav HaYam), Netanya: The Future of Luxury Coastal Living
A brand-new master-planned neighborhood rising on Netanya's southwestern coast — wide promenades, Wadi Park, and panoramic Mediterranean views. First handovers in 2029
About the Neighborhood
Ofek HaYam (the official residential name under municipal plan Net/542/A, still widely referred to by developers as Kochav HaYam — "Star of the Sea") is a brand-new, ultra-modern luxury neighborhood rising on Netanya's southwestern coast, right next to the future Wadi Park.
Designed according to the strict green standards of "Neighborhood 360", this area replaces outdated layouts with wide promenades, dedicated bicycle lanes, lush greenery, and premium residential towers boasting panoramic Mediterranean Sea views. The first residential handovers are scheduled for 2029.
Developers & Projects
Israel's top-tier construction firms are building their flagship projects here:
ICR is constructing 4 elegant towers (ranging from 16 to 23 stories) integrated with a wide pedestrian boulevard leading straight to Wadi Park. Gabay Group is developing a mixed-use complex comprising two 25-story towers and two 9-story buildings, complete with an on-site commercial gallery, fitness club, and private swimming pool. Azorim is offering luxury apartments in their premium "Hofim EAST" project on the northern border of the neighborhood.
Infrastructure & Amenities
The residential area directly borders the spectacular Wadi Park, spanning approximately 77–80 dunams and featuring an open-air amphitheater for 5,000 spectators. The beautifully developed coastline is just 600 meters away — an easy 7-to-10-minute stroll.
All public infrastructure is being built from scratch: dedicated areas for state-of-the-art schools, modern kindergartens, commercial shopping galleries, and sports facilities. Every apartment includes a mandatory private bomb shelter (mamad), and all buildings feature underground parking, designer lobbies, and advanced security systems.
Investment Opportunity
Since the neighborhood is in its active development phase, now represents an early entry point. Leading developers offer highly attractive payment schedules — such as a 15–20% down payment with the remaining balance due closer to completion. By the time the neighborhood is completed in 2029, asset values are expected to grow significantly due to construction progress and local infrastructure development.
With 25 years in the Netanya real estate market, I have helped hundreds of clients buy, sell and find exactly what they need.
Questions about Kochav Hayam?
Call Inna✓ Pros
- +Sea within walking distance — ~600 m to the developed coastline
- +Wadi Park (77–80 dunams) with open-air amphitheater for 5,000 right at the doorstep
- +Master-planned smart urban ecosystem — zero legacy buildings
- +All-new public infrastructure: schools, kindergartens, shopping, sports
- +Mamad in every apartment, underground parking in every building
- +Early entry opportunity with flexible developer payment plans
✗ Cons
- −Active construction site until around 2029
- −Cafes, supermarkets and schools will only become operational closer to first handovers
- −Not suitable for immediate occupancy — for turn-key options, other Netanya neighborhoods are available now
With 25 years in the Netanya real estate market, I have helped hundreds of clients buy, sell and find exactly what they need.
Questions about Kochav Hayam?
Call InnaFAQ
Why is the neighborhood called both Kochav HaYam and Ofek HaYam?+
They refer to the exact same location. Initially, the Net/542 master plan was named Kochav HaYam (Star of the Sea). The Netanya municipality later officially designated the residential portion as Ofek HaYam (Sea Horizon). However, developers still actively use both names in their marketing materials.
Which developers are building in Ofek HaYam?+
Three leading Israeli developers: ICR (4 towers of 16–23 floors with a boulevard to Wadi Park), Gabay Group (25-story towers and 9-story buildings with a commercial gallery, gym, and pool), and Azorim (the Hofim EAST luxury project on the northern edge of the neighborhood).
When can I move in?+
The first residential handovers are scheduled for 2029. The neighborhood is currently in its active construction phase.
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