16 Banksia Street, Forrest Beach QLD 4850

3 beds | 2 baths | 692m² land | Forrest Beach coastal position | sold Oct 2024 | estimated $630k The property sits on a generous 692sqm block in a coastal suburb where land size is becoming a tighter commodity, giving a buyer rare room to extend or reconfigure without moving. The three-bedroom layout with two bathrooms suits a young family or downsizer wanting single-level living near the beach, and the dual parking options add practical appeal in a car-dependent area. Its recent October sale confirms market activity is current, so a buyer can trust the price signal rather than guess at stale data. The main risk is the wide valuation spread from $540k to $720k, which suggests the market is still finding its feet after the 2023 sale at $445k, so overpaying is possible if you don’t anchor to the October transaction. No active listings mean you must wait for a motivated seller or approach owners directly, which costs time. The opportunity is to hold for medium-term coastal demand growth or use as a holiday rental given Forrest Beach’s draw, but only if you can secure it near the lower end of the range.