19 Netherby Rise, Sunrise Beach QLD 4567

Architecturally designed coastal view home | 4 bedrooms each with ensuite | 961m² built area over three levels | Elevated 679m² allotment | Secure parking for 7 vehicles This property presents a compelling proposition based on its substantial scale and commanding position. The architecturally designed residence leverages its elevated, north-east facing allotment to capture panoramic coastal views, a rare and fixed attribute that underpins its premium valuation. With four bedrooms each featuring a private ensuite and a total built area of 961 square metres spread across three levels, the configuration supports a high-end family lifestyle or significant work-from-home requirements with distinct privacy. The provision for seven secure vehicles addresses a practical need often overlooked in coastal properties. It serves affluent owner-occupiers seeking a permanent lifestyle asset or a buyer capable of executing a comprehensive modernization, as the interior finishes are noted as dated, to unlock its full value. Proceed with the understanding that the estimated value reflects a significant appreciation from its 2020 sale, placing the onus on the view premium and architectural intent to justify the premium. The principal risk is capital outlay for modernization against a yield that is low for investment purposes; the rental estimate suggests a yield below 3%, framing it as a capital growth play rather than an income property. The opportunity lies in acquiring a uniquely scaled parcel of built form in a sought-after catchment with no overlays, where future value is protected by its irreplaceable aspect. Our judgment is to treat this as a primary residence or a long-term hold for a buyer who values spatial luxury over immediate modern finishes, with any renovation budget focused on updating the kitchen and living areas to match the quality of the outlook. * **19 Netherby Rise, Sunrise Beach:** Sold August 2020 for $4,000,000. The singular comparable sale demonstrates a substantial base for capital growth, indicating strong underlying demand for this location and property type. For a prospective buyer, this history underscores the importance of securing the property at a point that allows for similar growth trajectory, factoring in the costs of any necessary updates to the interior.