12/7 Megan Place Mackay Harbour QLD 4740

3 bed ocean view unit |171m² lot |Built 2000, sold $530k May ’24 |Secure gated complex|This three-bedroom apartment on a 171sqm lot in a secure complex suits downsizers or investors drawn to low-maintenance coastal living. Positioned on level 3 in the Flagship complex, it delivers marina and ocean views from key living areas, supporting a relaxed indoor-outdoor flow without the upkeep of a house. The 144sqm floorplan with two secure garage spots fits neatly within Megan Place’s strata of similar units, where furnished turnover appeals to tenants yielding around 6%. Buyers here tend to be retirees or sea-changers prioritising beach proximity over expansive grounds, given the harbour’s walkable cafes and shops. Comparable three-bed apartments in the area have tracked steady appreciation since 2000, with this one’s recent $530k sale reflecting post-build gains amid local yield stability. Its full furnishing and tenancy history until mid-2024 add immediate income potential for holders. Long-term, the heritage zoning and flood-free status bolster resilience, while oceanfront scarcity in Mackay Harbour underpins holding value against broader suburb dips. Recent market estimates near $700k signal repositioning opportunity for owner-occupiers. Overall, it stands as a pragmatic harbour play, balancing lifestyle with investment logic .