17 Azalea Drive, Bongaree QLD 4507

Waterfront canal estate | private boat shed & ramp | 1043m² expansive block | renovated low-set house | flood overlay present This property presents a rare, lifestyle-driven opportunity within the highly sought-after Bongaree Gardens Canal Estate. Its competitive strength lies in the combination of a large, waterfront block at the end of a peaceful cul-de-sac, direct private boating access, and a recently renovated four-bedroom home. This configuration is tailored for a buyer prioritising space, serenity, and immediate water recreation, serving as a permanent residence or a premium holiday home. It commands a significant premium over the suburb median, justified by its positional scarcity and direct canal frontage. The primary decision mechanism involves the flood overlay and the 2m ground elevation, which introduces insurance complexity and potential cost. The commercial opportunity rests in securing a finite waterfront parcel in an established estate, where value is underpinned by land size and access. This property is best held long-term for lifestyle utility, with rental yield secondary. A Propcred report would ground its valuation in precise comparable sales, detail locality-specific flood risks, and clarify insurability.