27 Mermaid Qy, Noosaville QLD 4566

North-facing waterfront | private jetty | quiet cul-de-sac | flood overlay | low gross yield This property presents a rare combination of a north-facing 20-metre waterfrontage and a private jetty on the shortest canal route to the Noosa River, positioning it within the most premium segment of the Noosa Waters estate. Its end-of-cul-de-sac placement ensures privacy and minimal traffic, directly serving a luxury lifestyle buyer whose primary demands are seamless boating access, light, and exclusivity. The generous land size and building footprint exceed typical suburban stock, cementing its status as a permanent luxury holding rather than a standard family home. The principal investment cost is the flood overlay on a low-lying 3-metre block, mandating specialised insurance and potentially complicating future improvements. The current rental yield is modest, indicating this purchase is capital growth-driven, reliant on the enduring scarcity of such allotments. Proceed only if acquiring a privileged position outweighs the carrying costs and inherent flood risk; it is best held as a long-term lifestyle property with the jetty and access as non-negotiable value drivers.