1/21 Paradise Parade, Paradise Point QLD 4216

Waterfront duplex | 4 beds on 537m² | renovated harbour views | flood overlay This property presents a competitively strong offering within its market segment, primarily due to its configuration as a ground-level duplex on a substantial land parcel with direct water views. The recent high-quality renovation, including a new kitchen and multiple living areas, positions it above typical duplex stock in Paradise Point, serving buyers seeking a low-maintenance house alternative with the views and space of a larger home. Its appeal is anchored in the rare combination of a 537 square metre fully fenced block, a ground-floor layout, and a tranquil parkland setting overlooking the boat harbour, which collectively cater to owner-occupiers desiring a permanent coastal lifestyle or a premium holiday home. The primary decision mechanism involves the flood overlay, which imposes ongoing insurance costs and potential future resale friction, directly costing the buyer in risk premiums. The commercial opportunity lies in the property’s scarcity profile; comparable sales data indicates significant value growth, with the last sale at this address in late 2021 establishing a base from which the current asking price is derived. Given the scarcity of renovated, large-block waterfront duplexes, this property is best acquired for long-term hold to capitalise on its irreplaceable aspect, with a plain judgment that its land value and views will outweigh the flood-related holding costs over time. Recent sales at this address provide a credible value benchmark: – 1/21 Paradise Parade sold for $1,015,000 in October 2021 (4 bed, 2 bath duplex). – A prior sale at the same address achieved $685,000 in November 2020 (listed as a 3 bed, 3 bath house). This trajectory suggests strong underlying capital growth, supporting an estimated value well above the 2021 sale price, though buyers must critically assess if the current premium reflects the renovation and market conditions since that last transaction.