215 Masthead Drive, Agnes Water QLD 4677

Elevated coastal acreage | ocean glimpses | bush retreat proximity | 1-bedroom dwelling | by appointment only This property offers a rare combination of coastal elevation and acreage within a street demonstrating strong long-term holder tenure, suggesting a settled neighbourhood. The 1.5-hectare parcel with existing dwelling positions it as a low-density retreat with future potential, best suited for a lifestyle buyer or a long-term land banking strategy, given its modest current improvements. The immediate value is in the land and location, not the existing one-bedroom structure. Your primary risk is the capital outlay for land value in a suburb where recent sales data indicates premiums are commanded by larger, improved homes. The opportunity lies in the secured land holding within a high-growth corridor, where the commercial logic supports either a future rebuild or a patient hold for land appreciation. Acquire this for lifestyle use with a view to future development, not for short-term rental yield or speculative flip. Recent sales on Masthead Drive show significant price points driven by bedroom count and holding period: – 300 Masthead Dr: $830,000 (3-bed, 3-bath) – 223 Masthead Dr: $675,000 (2-bed, 1-bath) – 188 Masthead Dr: $870,000 (4-bed, 3-bath) This establishes a clear value hierarchy where larger dwellings achieve notably higher prices. The subject property’s $425,000 ask reflects its current limited improvement scale against these comparables, anchoring its valuation to its land component and future potential rather than its present dwelling.