18 Meylin Street, Port Macdonnell SA 5291

Luxury renovated bungalow | Prime beachside location | Operational Airbnb business | Walk-in walk-out sale This property presents a compelling turnkey investment in a high-demand coastal locale. Its fully renovated, modern condition and proven short-term rental operation eliminate typical acquisition costs and downtime, positioning it uniquely for an investor seeking immediate income. The configuration, whether two or three bedrooms, supports strong rental appeal in a market defined by tourism and beach proximity. This house serves a capital-efficient buyer prioritizing yield and lifestyle over development potential. The primary risk is the valuation ambiguity created by conflicting bedroom data and its reliance on a single, unverified income stream. The commercial logic lies in acquiring an established operation at a residential price, bypassing business establishment risk. Given the data, proceed only with verified financials and a valuation benchmarked against the residential comparables, not the business premium. It is a hold for income, not for speculation. Recent sales on Meylin Street indicate a active market with solid capital growth: – 3 bed, 2 bath, 2 car: $545,000 (7.15% annual growth) – 3 bed, 1 bath, 2 car: $440,000 (8.33% annual growth) – 4 bed, 2 bath, 5 car: $546,000 (12.42% annual growth) – 3 bed, 2 bath, 1 car: $425,000 (16.41% annual growth) This activity demonstrates consistent demand and price appreciation, particularly for renovated properties with multiple bathrooms. The subject property’s renovation and potential three-bedroom layout should position it at the upper end of this range, contingent on verified configuration. The outlier listing at $275,000 is a larger, likely unrenovated block, not a direct comparable.