197 Naval Parade, Erowal Bay NSW 2540

Waterfront on St Georges Basin | architect-designed 319sqm | 4 bed 2 bath | direct water edge | owner-occupied street This property occupies a rare position on Naval Parade where the basin’s edge meets a considered architectural response to coastal living. The 319sqm floor area is unusually generous for a waterfront house, and the design orientation toward the water means the primary living spaces capture the basin’s light and movement rather than the street. For a buyer seeking a permanent coastal residence with genuine water frontage rather than a view over a reserve or across a road, this house offers a configuration that competing waterfront listings in Erowal Bay rarely match. The 771sqm land parcel supports both internal volume and outdoor connection, and the street’s high owner-occupier ratio signals stable neighbourhood character. This property suits a discerning owner-occupier who values spatial quality and direct water access over speculative short-term yield. The absence of recent comparable sale data for this precise address introduces pricing uncertainty, and the seven-day listing window suggests the vendor may be testing rather than transacting. Buyers should verify jetty feasibility, flood overlay, and any easements affecting the water’s edge, as these can materially alter usable land value. The opportunity lies in the property’s scarcity: architect-designed waterfront homes over 300sqm on owner-occupied streets in this price corridor are infrequent. Hold as a primary residence and the configuration will outperform standard waterfront cottages on livability and resale depth.