119/90 White Street, Mordialloc VIC 3195

Flat apartment in Mordialloc complex | dual-school zone with flood overlay | 216m² land share | 5G coverage | part of a 2165m² site This property offers a rare configuration for a flat apartment: a meaningful share of a substantial 2165m² lot, which is competitively strong in a market where strata units typically carry negligible land value. The dual-school zoning to Mordialloc Beach Primary and Parkdale Secondary College adds durable demand from families seeking a foothold in the area, while 5G coverage supports modern living. It best serves a buyer looking for a low-maintenance entry into a well-located suburb with long-term capital growth potential tied to the land component. The flood overlay is the primary risk, likely increasing insurance costs and potentially limiting future redevelopment or financing options. The conflicting lot size data (2165m² versus 2134m² for a related unit) suggests a need to verify the exact land entitlement for this specific unit before exchange. The absence of sales history means no clear price floor. On the commercial side, the $599,000 asking aligns closely with the most recent estimate, reducing negotiation leverage. This property should be held for land appreciation, not short-term flipping.