15 Ocean Crest Place, Alexandra Headland QLD 4572

Tri-level architect design | 50% site coverage on 749m² | Tightly held 88-property estate | Beach proximity without flood risk | Master retreat with pool outlook The property’s primary buying case rests on its scarcity within the Alex Shores estate, where only 88 properties exist and turnover is minimal. The tri-level design with soaring ceilings and 50% site coverage is unusually generous for a coastal block, providing a configuration that is difficult to replicate in the current market. The elevated position at 15 metres ground elevation, combined with no flood or bushfire overlays, offers a rare combination of coastal proximity and physical security. This property best suits a family seeking a long-term residence that can accommodate multi-generational living or a buyer who values spatial separation and privacy within a tightly held enclave. The key risk is the property’s age and the potential for deferred maintenance on a 374m² building with a 9-metre roof height, which could translate into significant holding costs. The lack of recent sales in the street and the 0% auction clearance rate in the suburb suggest thin demand at the current ask, meaning a buyer may need to negotiate from a position of patience. The commercial opportunity lies in the large lot and existing pool, which offer scope for a future subdivision or a premium renovation that could lift the property into a higher price bracket. Hold this property as a generational family home or as a long-term base for coastal lifestyle, and avoid treating it as a short-term flip.