129 K P Mcgrath Drive, Elanora QLD 4221

Two storey dual living | 836m² large established block | Updated family home with extension potential | 6 mins to Palm Beach This property’s primary strength is its versatile dual-living configuration on a significantly larger than typical 836m² block, offering rare potential for multi-generational living or income. The low 24% building coverage preserves substantial private yard space, a key differentiator in a family-focused suburb like Elanora. It best serves buyers seeking a long-term family base with flexible space, capitalizing on proximity to top-rated schools and beaches. The principal risk is price ambiguity, with a wide estimated value range and conflicting bedroom counts suggesting a compromised appraisal; paying near the $1.8m ask requires accepting a premium for potential over present condition. The opportunity lies in executing the noted underneath extension to solidify the five-bedroom format, which would materially lift its value above the current median. Acquire for hold, implement the extension, and realize its full family-asset utility.