15 Lamatia Drive, Mountain Creek QLD 4557

Flood overlay | 581sqm lakefront | Renovated second level | Auction May 9 2026 The flood overlay is the primary risk mechanism here, potentially increasing insurance costs by several hundred dollars annually and complicating future resale, though the 581sqm block with direct lake frontage is a scarce commodity that typically holds value through cycles. The renovated upper level with picture frame views and the mini golf setup are lifestyle differentiators that reduce holding costs by making the property inherently more livable. For a buyer, this is best held as a long-term family home where the unique features offset the flood risk. The 30 metre lake frontage in a cul-de-sac position is what makes this competitively rare; comparable lakefront blocks in Brightwater rarely surface and command premiums. The dual master suites and multiple living zones give it strong appeal for intergenerational families or those needing home office separation. You should proceed with due diligence on insurance quotes for the overlay area before auction day, as this will define your maximum bid ceiling.