17/2-10 Masthead Drive, Cleveland QLD 4163

Harbour views | pool in precinct | 90% owner-occupied | flood overlay flagged This property offers a rare combination of lifestyle positioning and structural scarcity within the Raby Bay Harbour precinct. The residents’ pool is unique for this area, and the 90% owner-occupied complex with long-term residents signals a stable, well-maintained building that appeals to owner-occupiers and investors alike. At 91m² with two secure car spaces, it is larger than many contemporary two-bedroom units, and the ducted cooling and lift access add convenience. The estimated value of $875,000 sits above the local median of $780k, which reflects the premium for the harbour views and low-density complex character. This unit best suits a downsizer or professional seeking a lock-and-leave with lifestyle amenity, or an investor targeting stable capital growth from a tightly held precinct. The flood overlay is the primary risk, and it may affect insurance premiums and resale speed in a soft market. However, the building has been standing since 1999 with no noted flood events, and the overlay does not preclude lending or occupancy. The lack of recent sales data for the building means pricing relies on comparable units in the same complex and broader Cleveland market, which shows a 15-day average days on market—indicating demand is present. The buyer should commission a flood report and inspect for any past water ingress. Hold this property for medium-term capital appreciation driven by the precinct’s scarcity and lifestyle pull, not short-term flipping.