89 Esplanade, Point Vernon QLD 4655

Waterfront original on 635m² | 226m² floorplate, 7m roof | 85% owner-occupied street | No overlay risks This property offers a rare combination of original waterfront positioning on a generous 635m² lot with a substantial 226m² building footprint, a configuration increasingly scarce along the Esplanade. The 7m roof height and 11m ground elevation provide passive thermal advantages and potential for future upper-level enhancement, while the absence of bushfire, flood, or heritage overlays removes common coastal acquisition hurdles. The street’s 85% owner-occupancy signals stable neighbourhood demand, making this best suited for a buyer seeking a long-term coastal residence with renovation upside or a family wanting direct water access without premium strata constraints. The primary risk lies in the property’s original condition—last sold in 1980 and withdrawn in 2015—which may require significant capital for modernisation, though this also presents the opportunity to add value in a tightly held waterfront corridor. The 0% auction clearance rate on the street suggests buyers should approach with a pre-auction strategy, as vendor expectations may be firm. Reliable NBN and 5G coverage support remote work feasibility, a practical advantage for buyers relocating from metro markets.