20 Surf Avenue, Beaumaris VIC 3193

Prime beachside block | dual-occupancy potential | rare 1124sqm in Beaumaris | no heritage or flood constraints This property offers a genuinely rare configuration for Beaumaris—a 1124sqm parcel with no overlay restrictions in a prestige beachside pocket. The size alone positions it well above the typical 500-600sqm blocks in the street, and the absence of heritage, flood, or bushfire overlays removes the most common approval friction points. For a buyer seeking landbank value, a dual-occupancy development, or a substantial family home site within walking distance to the bay, this is competitively strong. The 2011 sale price confirms long-term holders have seen material appreciation, and the adjacent 560sqm lot selling recently at a strong price reinforces demand density in this corridor. It serves best a buyer with medium-term development intent or a family wanting space without leaving the Bayside school zone. The primary risk is the property is not currently for sale, so any buyer must approach owners directly or wait for a listing—this carries time and negotiation cost. The estimated value spread between Domain and Property.com.au suggests some market uncertainty at the top end, and the 2-bedroom, 1-bathroom house is functionally dated, meaning renovation or rebuild cost must be factored. The opportunity lies in the land-to-improvement ratio: the house is likely a knock-down or major renovation candidate, and the block can potentially be subdivided or developed with a second dwelling subject to council approval. Hold this property for its land value appreciation and development optionality, not for the existing house.