2 Spring Rise, Corinella VIC 3984

Large coastal lot | boutique release | no overlays | rare 2.37ha scale This vacant land represents a rare opportunity to secure a substantial coastal holding within a discrete, new enclave. Its 2.37-hectare size is exceptional for Corinella, offering a level of privacy and space for a retreat that is unavailable in the typical suburban lot market. The absence of flood or heritage overlays simplifies development, positioning this for a buyer seeking a bespoke, spacious coastal residence away from standard estate offerings. Proceed with the understanding that creating value requires significant capital and time for construction and landscaping on this scale. The commercial logic is in securing a scarce land parcel in a growing seaside community, where future supply of lots this size is limited. Acquire to build a permanent retreat, as the value proposition is in the long-term utility and scarcity of the land itself, not in short-term trade. Recent sales in Corinella provide a clear benchmark. Typical house lots range from $600k on 500m² to over $1.2m on 2000m² blocks. This lot’s size is an order of magnitude larger, placing it in a unique category without direct comparables. The premium for land is evident, with a 1411m² block achieving $1.078m and a 2004m² estate lot selling for $1.222m. Your lot’s value will be anchored by these upper-tier land prices but commanded by its unparalleled scale.