14 Smith Street, Dunsborough WA 6281

Elevated ocean-view retreat | heritage overlay constraints | strong recent capital growth | premium family positioning This property presents a rare, elevated coastal holding with genuine bay views in Old Dunsborough, a tightly held locale. Its character as a jarrah-floored cottage on a large, elevated block is competitively strong, serving a buyer seeking a premium lifestyle or a future redevelopment site, albeit within heritage controls. The substantial block size and building coverage allowance offer long-term flexibility that is increasingly scarce. It best serves a buyer with a long-term hold strategy, capitalising on its family-friendly catchment near the primary school. Specific risk resides in the heritage and bushfire overlays, which impose potential costs through approval complexity and compliance measures, directly impacting renovation feasibility or insurance. The significant price growth since 2021 demands scrutiny to ensure future upside. The opportunity lies in securing a view parcel in a supply-constrained area; the commercial logic supports a hold for land value appreciation. Acquire for permanent occupancy or as a legacy holding, not for short-term gain. Recent sales indicate robust demand: a July 2023 sale at $2.85m and an August 2021 sale at $2.01m. This trajectory demonstrates strong capital growth, supporting the current premium asking price within the context of a cooling market. The short listing period of 12 days in 2023 signals consistent high buyer appetite for this street and positioning.