1 Norseman Way, Dawesville WA 6211

Coastal vacant block | 50m to water | dual driveway | premium development zone This lot at 1 Norseman Way offers a rare configuration advantage with two driveway openings on a 709 sqm block in a tightly held coastal pocket. Its position 50 metres from the water’s edge within the Surf View Dawesville development gives it scarcity value, especially as nearby house lots command over $1.2 million. For a buyer seeking to build a premium residence in a high-demand coastal corridor, this land provides a strong entry point into a market where finished homes are appreciating rapidly. It suits owner-occupiers wanting a long-term coastal lifestyle or developers targeting the upper end of the Mandurah market. The primary risk is the lack of recent sales history, making it difficult to gauge true market depth at this price level. Buyers should verify whether the $760,000 asking reflects a premium for the development’s infrastructure or simply vendor expectation. The active local market with 58 listings for sale suggests competition, but also choice, meaning negotiation leverage may exist. A building timeline should be factored in, as vacant land carries holding costs until construction. Hold this property as a build-and-hold for capital growth, not a quick flip.