11 Angorra Street, Russell Island QLD 4184

Three-bedroom house | 537m² vacant allotment | 500m from water | Listed for sale | Priced above estimated value. This property presents a dual proposition: a liveable three-bedroom house on a substantial block with immediate utility, and a vacant-land opportunity in a coastal setting given its described suitability for a new build. The scale of the land so close to the water is its primary competitive feature, offering a buyer optionality either for expansion or future redevelopment. It serves an owner-occupier seeking space and proximity to the waterfront, or a strategic buyer planning a future project. The central risk is market alignment, as the asking price exceeds the available estimated valuation, indicating a potential premium that may not be supported in the immediate resale context. The opportunity lies in securing a large, well-positioned parcel; the commercial logic is to acquire at a price that reflects its current, not potential, state. Treat this as a long-term hold to absorb redevelopment costs and market cycles, not a short-term trade.