17 Paradise Parade, Jacobs Well QLD 4208

flood overlay | premium asking for waterfront | no inspections | fenced but not private The flood overlay imposes a meaningfull risk here not because the house will flood but because it compresses buyer demand and limits exit velocity; you are paying $2.15m for a property that had no inspection data available and sits in a market where comparable waterfront sales have been slow to clear at lower price points. The rental yield of 3.04% at $1,425pw is below the cost of holding for most leveraged buyers. This house works best as a lifestyle hold for a cash buyer who values the theatre room and pool over capital growth, or as a long-term family home in the Jacobs Well corridor. What makes this property competitively rare is the combination of a two-level layout with a master retreat and a separate theatre room on a fully fenced waterfront lot. For a buyer who needs functional separation for children or guests and wants direct water access without the Gold Coast premium, this house offers a strong compromise. The ducts and solar reduce ongoing costs, but the flood overlay and lack of inspection history mean you must budget for a building and pest report and specialist flood advice before moving forward.