19 Key West, Broadbeach Waters QLD 4218
19 Key West, Broadbeach Waters QLD 4218
Waterfront contemporary entertainer | 310m² house on 556m² | Master retreat with skyline views | Private beach access | Flood overlay.
This property presents a competitively strong offering as a refurbished, single-level dominant house with upper-level parent’s retreat, a configuration that is rare for its land size in Broadbeach Waters. Its 56% building coverage and 310 square metres of internal space on a 556 square metre waterfront parcel deliver a high-utility footprint oriented around indoor-outdoor entertainment, directly accessing a private sand beach. The combination of a resort-style pool, outdoor kitchen, and multiple living zones cements its position for a buyer seeking a permanent or holiday residence with premium entertaining capacity, best serving an owner-occupier who values space, light, and immediate water access over proximity to the beachfront strip.
The decision hinges on acknowledging the flood overlay as a material risk that will necessitate specific insurance costs and potentially constrain future structural modifications, despite the ground elevation. The absence of recent comparable sales data in the notes requires immediate validation against off-market waterfront transactions to pressure-test the listed price point. The commercial logic lies in the property’s inherent scarcity as a turnkey, large-format waterfront house in a tightly held precinct; it is a hold property for long-term capital growth driven by land value and positional rarity, not for short-term yield where data is absent. Proceed with a conditional offer prior to auction, contingent on updated flood impact assessment and independent valuation.
Detailed Independent Property Report prepared by PropCred Analyst team for 19 Key West, Broadbeach Waters QLD 4218
Market Insight:
Broadbeach Waters is an exclusive Gold Coast canal suburb positioned for affluent buyers seeking a premium waterfront lifestyle. Demand is driven by professionals and established high-income households drawn to its private jetties, boating access, and proximity to Oasis Shopping Centre and Pacific Fair. The median house price, between $1.835M and $2.575M, has seen strong annual growth of 9.6% to 14.88%, reflecting a tight, high-value market. Future growth is anchored in its limited luxury stock and central infrastructure, though high entry prices and low rental yields around 2.53% for houses present affordability and cash flow constraints.