16 Eagle Cres Eagle Bay WA 6281

Bushfire overlay risk high | R5 zoning unconfirmed | 2025 price gain vanished | rental yield below 1.9% | no dwelling timeline This land’s position under a bushfire overlay and unapproved nine?metre height limit introduces material approval risk and insurance cost that a buyer must absorb before breaking ground. The implied two?event price decline from a 2023 listing suggests the market already prices in zoning uncertainty and lacks urgency. Holding vacant land without a build plan in a yield?negative market erodes leverage; a buyer should only proceed with a firm construction timeline and pre?approved council clearance. What is competitively rare is the combination of a large 2,524?square?metre lot within 500 metres of Eagle Bay water, R5 zoning that permits a substantial residence, and no heritage or flood constraints. For a buyer seeking long?term capital preservation and a build?to?suit holiday retreat, this stands as one of the few elevated, treed parcels close to Dunsborough amenities and the Cape Naturaliste school catchment. Historical sales from 2005 and 2011 at $900,000 and $850,000 respectively indicate a long?term uplift trajectory, though the current asking sits below the automated midpoint estimate of $2.15 million, suggesting room for negotiating a below?estimate entry. Register interest with the listing agent and instruct a town planner to confirm the height limit before any offer.