2 Taylor Street, Russell Island QLD 4184

3-bed island house | 506m² fully fenced lot | solar & NBN | high-growth catchment | priced above local comparables This property presents a modernised, low-maintenance island home with infrastructure advantages atypical for the location, including FTTP NBN and solar panels, catering to remote work or rental appeal. Its fully fenced 506m² parcel offers usable outdoor space, while the absence of overlays simplifies the purchase. It best serves a buyer seeking a lifestyle pivot with income potential, or a long-term holder capitalising on the island’s gradual gentrification. The primary risk is its premium listing price against recent sales and current comparable listings, suggesting a 20-25% price increase since mid-2023 that may not be fully absorbed by the market. The commercial opportunity requires securing it below the inflated ask, banking on the scarcity of turn-key, well-serviced island properties to sustain value. Acquire only at a significant discount to the listed offer, positioning it as a permanent residence or a medium-term rental holding. Recent sales context is limited but critical. The property itself sold for $557,000 in June 2023. Current similar listings on the island are priced between $569,000 and $575,000, often on larger land parcels. This disparity places the $699,000+ ask under immediate scrutiny, demanding a value justification not clearly supported by the available sales evidence.