2/79 Bayview Street, Runaway Bay QLD 4216

Waterfront unit with private pontoon | 1975-built in 6-unit complex | 37m² internal over 832m² lot | Broadwater access This property presents a rare, high-utility waterfront position at a comparatively accessible price point, defined by its private pontoon and bridge-free Broadwater access. Its small, older complex on a substantial 832m² lot offers a functional two-bedroom layout, serving investors and first-home buyers seeking a lifestyle entry into the Runaway Bay waterway network. The separation of living and sleeping areas across two floors enhances livability within the compact internal footprint. The primary decision hinges on reconciling its premium location with material constraints: the 37m² internal area is exceptionally small, the 1975 build demands a diligent strata review, and the flood overlay necessitates specific insurance checks. The substantial lot size, however, underpins long-term redevelopment potential for the complex. Consider this a strategic hold for water-access utility, where a Propcred report would precisely quantify the flood risk impact on valuation and detail strata health to validate its investment logic. Nearby comparable sale: Lot 400 Bayview Street (off-market) at an estimated $2,077,000. This single high-value transaction signals strong underlying land value in the immediate precinct, suggesting this unit’s price is leveraged by its share of a valuable, larger waterfront parcel rather than its internal accommodation alone.