171 Binneys Track, Penneshaw SA 5222

Brand new 2024 build | 2003m² hillside lot | Ocean & township views | 4 bed steel construction | Bushfire overlay This property presents a rare, turn-key opportunity on Kangaroo Island, combining a new construction’s low maintenance with a substantial, view-oriented parcel of land. Its steel construction, modern inclusions, and panoramic aspect from Penneshaw towards Backstairs Passage cater specifically to a buyer seeking a permanent residence or a premium holiday home with capital integrity, avoiding the renovation cycle and securing immediate occupancy. The primary decision point is the bushfire overlay, which imposes specific construction and insurance obligations that directly affect holding costs. The substantial lot size, however, provides inherent scarcity value and a development buffer not found in typical suburban offerings. Acquire this as a long-term hold to capitalise on Kangaroo Island’s limited new housing supply, using its modern specifications to mitigate near-term capital expenditure. Recent sales on Binneys Track indicate strong land value momentum. The vacant lot at 159 Binneys Track sold for $210,000 in October 2024, having been purchased for $125,000 just 18 months prior. This demonstrates aggressive growth in the immediate locale, providing a supportive benchmark for the land component of this offering.