125 Dick Ward Drive, Coconut Grove NT 0810

Largest unit in boutique complex | rear corner with dual access | premium kitchen & ensuite | established tropical gardens & pool This property presents a competitively strong position within its own boutique complex, distinguished by its rear corner location, dual yard access, and status as the largest residence on the site. The combination of a king-sized main suite with a premium ensuite, a modern kitchen with high-end appliances, and a private inground pool within tropical landscaping creates a rare, turnkey offering in the secure complex format. This configuration best serves an owner-occupier seeking a low-maintenance, free-standing villa with premium finishes and private outdoor space, effectively blending the security of a community with the feel of a detached home. The 6.6kW solar system and Crimsafe screens add practical, cost-saving benefits that enhance livability. The primary decision risk is the substantial premium over recent comparable sales within the same complex, requiring the buyer to underwrite significant capital growth to justify the current asking price. The sales history indicates a clear compression in values from the 2022 peak, with recent transactions clustering significantly lower. A disciplined opportunity exists only at a price that acknowledges this recent market evidence, positioning the purchase as a long-term hold to absorb volatility. Given the unit’s superior attributes within the complex, it warrants a premium, but not the current listed margin; proceed with an offer anchored to demonstrable complex sales data, targeting a hold period that allows the unique features to appreciate in a stabilized market. Recent sales within the same complex for comparable 3-bedroom units: – 15/125 sold Jan 2025 for $675,000 – 8/125 sold Sep 2024 for $672,000 – 7/125 sold Jun 2024 for $695,000 – 4/125 sold Jun 2023 for $725,000 – This unit (5/125) sold Feb 2022 for $765,000 This data establishes a firm value benchmark between $672,000 and $725,000 for near-identical properties over the last two years, making the current $1,009,000 listing a significant outlier that demands a substantial, attribute-based justification from the vendor.