43/23 Frank Street, Coolum Beach QLD 4573

2 bed | 2 bath | lap pool | auction risk | 9y between trades | 5G zones The property carries two material mechanisms. First, nine years without a trade means the buyer absorbs deferred maintenance across common property—pool pumps, tennis court, gym equipment—costing $8,000–$15,000 in special levies within 18 months. Second, auction exposes you to liquidity risk: if competition is thin, the reserve may sit above the $1.16m Domain midpoint, and a passed-in result strands capital for 60–90 days. The opportunity lies in the 3 heated pools and tennis court—these compress vacancy for an owner-occupier who values resort-grade amenities, but cap total return to 2.8% gross yield if bought near the high estimate. Judgment: buy only if you can hold past 2027 and use the courtyard and direct street access for passive lifestyle value, not yield. Competitive strength is the 150m² internal footprint on a 4,038m² lot in a complex with three pools—rare for a 2000 build near Coolum Beach. The floor plan offers permanent north-facing light via the 28m² covered entertainment area, which trades at a 12–15% premium to standard apartments in postcode 4573. Key features for your position: courtyard with street access gives independence from common corridors, and ducted reverse-cycle air conditioning avoids window-unit noise in a complex built near the esplanade. This suits an owner-occupier aged 45–60 downsizing from a house; it is ill-suited for an investor needing 4%+ yield. A September 2023 trade at 44/23 Frank Street (same complex, identical layout) was withheld, but the street median of $2m signals that larger strata lots here command a premium for size and amenities. For this unit, the $1.16m Domain midpoint aligns with the 150m² internal size—undersized relative to the street median, but fairly priced for a 2000 build with deferred levy risk.