15 Beaumont Drive, Russell Island QLD 4184

Vacant land on Russell Island | 594m² ready-to-build block | coastal lifestyle positioning | recent sale confirms market floor This property enters the market as a competitively priced vacant parcel on Russell Island, where the 594m² size is considered generous for the area and the recent June 2025 sale at $73,500 establishes a clear value floor that protects downside risk. The land is described as ready to build, removing the usual delay of clearing or filling, and its positioning near bay breezes gives it a lifestyle edge over interior blocks that lack airflow or views. For a buyer seeking an affordable entry into island living within Redland City Council, this lot offers a rare combination of immediate build readiness and a proven price point that makes it suitable for owner-occupiers or patient land holders. The primary risk is Russell Island’s distance from mainland employment and services, which historically limits resale liquidity and may slow capital growth compared to mainland suburbs. The gap between the recent sale price and the estimated $394,000 valuation suggests either an overestimate or a significant market shift, so buyers should verify comparable sales independently rather than rely on that figure. Opportunity lies in building a modest coastal dwelling for under $250,000 total cost, creating a low-debt holiday home or rental that benefits from the island’s growing recognition as a weekend escape. Hold until a mainland infrastructure improvement or zoning change occurs, or build immediately to capture the lifestyle market.