501/42 Queen Street, Kings Beach QLD 4551

Renovated 3-bed unit | Kings Beach coastal edge | Points North complex | Mount Coolum views | 85% owner-occupied This unit sits in a rare position for a buyer seeking a turnkey coastal property with genuine scarcity. The renovation is complete, the outlook toward Mount Coolum and Tibrogargan is unobstructed, and the 85% owner-occupancy rate in the building signals a stable, low-turnover environment that protects long-term value. Two parking spaces in a beachside apartment are a functional edge, and the ducted cooling and gym access add convenience without premium. The property best suits an owner-occupier wanting immediate move-in quality in a tightly held complex, though an investor would benefit from the low supply of renovated units in this segment. The bushfire and flood overlays are the primary risk, not because they preclude use but because they narrow the buyer pool and may affect insurance terms. The heritage overlay is less material but worth noting for future redevelopment constraints. The rental estimate of $735 per week is below what a $1.49 million outlay would typically yield, so the financial case leans on capital growth and lifestyle, not yield. The 2012 last sale date means the current price reflects a full market cycle, so buyers should cross-check recent comparable sales in the building. Hold this property for medium-term capital appreciation in a constrained coastal market, not for short-term rental return.