19 Marawa Drive, Parrearra QLD 4575

Waterfront in Parrearra | 5-bed on 828m² | Pool & multiple living areas | Established 2003 | Flood overlay present This property presents a rare, large-format family residence on a substantial waterfront parcel, a combination with limited turnover in this precinct. Its five bedrooms, three living areas, in-ground pool, and solar-equipped 380m² layout serve a buyer seeking a permanent, low-maintenance coastal lifestyle with ample space. The established nature and recent market listing after two decades indicate a motivated vendor, positioning a well-prepared buyer for a potential negotiated purchase ahead of auction. The primary commercial risk is the identified flood overlay, which necessitates immediate due diligence on insurance costs and potential building restrictions, directly impacting holding costs and future equity. The absence of a bushfire or heritage overlay is a positive. Given its size and rental estimate, it could also function as a high-yield holiday let, though this invites separate regulatory scrutiny. Proceed with a structured offer conditional on flood due diligence, targeting a hold period of seven to ten years to absorb transaction costs and realise capital growth from its irreplaceable land component.