31 Wunulla Road, Point Piper NSW 2027

Waterfront Point Piper parcel | 1139sqm land | private jetty and boat shed | renovation upside with harbour views The buying case rests on the scarcity of a 1,139sqm waterfront parcel in Point Piper with a private jetty and boat shed, where land value dominates and the existing 435sqm structure is secondary. The 38% building coverage signals substantial redevelopment or renovation potential, and the separate annex offers immediate flexibility for a home office or guest accommodation. This property best suits a buyer seeking a long-term harbourfront position who is prepared to invest in upgrading the house to match the site’s potential. The primary risk is the condition and layout of the existing dwelling, which may require significant capital expenditure to bring to contemporary luxury standards. The rental history suggests the property has not been recently updated, and the absence of recent sales data limits direct comparable analysis. However, the 80% owner-occupied street and lack of heritage overlays reduce planning uncertainty, while the north-east aspect and 13-metre elevation provide a rare combination of privacy and views that few neighbouring properties can match.