A dozen properties, worth a total of £6m, have already been reserved or sold since the 98-acre development was launched last month.
Raithwaite Village, which is being developed by Maritime Capital, includes sustainable lodges, cottages and coastal villas in the sought-after area of Sandsend.
Planning has been approved for 190 homes, which will be developed in four phases and completed over a four year period.
The development will include a village square, featuring Parisian style cafes, artisan shops, a bakery and galleries that showcase the very best of Yorkshire artistic talent.
Nick Henderson, owner and managing director of Whitby-based Hendersons, said: “It is fantastic to be working alongside Maritime Capital to market these outstanding holiday homes and the uptake has been phenomenal.
“This interest has led to the sale of 12 of the cottages, villas and lodges, each with their own distinctive architectural style, which form Phase One. In total, Phase One comprises three coastal villas, four woodland lodges and 14 individual cottages, all with easy access to Sandsend beach.
“We have sold all the two and three-bedroom villas, which range from £695,000 to £800,000, all four of the £495,000 three-bedroom lodges with spectacular sea views and five of the cottages, which range from £350,000 for a one-bedroom to £465,000 for a two-bedroom. We have been rushed off our feet.
“The sheer quality of Raithwaite Village, set in the most gorgeous of surroundings, provides a great opportunity to live close to North Yorkshire’s beautiful and dramatic coastline.
"It will be a village in the finest sense of the term, with beautifully built houses in a seaside community with the five-star Raithwaite Sandsend Hotel on the doorstep.
Toby Hunter, CEO of Maritime Capital, added: "We are delighted to appoint Hendersons of Whitby to represent Raithwaite Village as Nick and his team know the local market
incredibly well, and most importantly, are all very professional, efficient and friendly to deal with”.
Mr Henderson said the village of Sandsend has been popular for generations, but it has always been a struggle to buy houses in the village, because the scope for
development has been constrained by a lack of space.
"Raithwaite changes that completely," he said.
"It is now possible to buy your very own quality piece of East Coast paradise. Meanwhile the creation of this new village will provide a massive and timely boost to the local economy, creating numerous jobs not just during the construction phase, but also when the development is completed. This will be a sustainable and long-term investment in the area.
“Last year, Whitby was named the most in-demand coastal resort for housing in the UK by Rightmove. The combination of the proximity of the North Yorkshire Moors and the North Sea, with the atmospheric and historic town of Whitby itself, is proving irresistible.
“We are confident that the glorious location of this exceptional development, which interior decor by the acclaimed designers Neptune, will appeal to both local buyers and to those from further afield in North and West Yorkshire as well Lincolnshire, Nottinghamshire and Northumbria.
“Raithwaite Village will offer the very best of town, country and coastal living. Within minutes, buyers can be walking on the beach between Whitby and Sandsend, enjoying the countryside between Grosmont and Goathland or heading into Whitby to sample all the town’s shops, restaurants, bars and attractions. The transport links are good too, with direct trains and buses to Scarborough, Middlesbrough, York and Leeds.”