2243 Glengallon Way, Hope Island QLD 4212

North-facing waterfront | Gracemere Quays enclave | 97% site coverage | 4 living zones | flood overlay present This property occupies a rare north-facing position within Hope Island Resort’s tightly held Gracemere Quays, where orientation directly determines water views and natural light across the living spaces. The 97% building coverage on a 401m² lot indicates a design that maximises internal volume and outdoor connection, unusual for a home of this size in a master-planned estate. Four distinct living areas and a study make it functionally suited to families who require separation between zones, while the pool and entertainment area extend the usable footprint to the water’s edge. The buyer profile is likely a professional couple or family prioritising lock-and-leave waterfront living with strong rental fundamentals—the $1,470 per week income range reflects consistent demand in this precinct. The flood overlay is the primary risk: although the ground elevation of 4 metres and roof height of 11 metres suggest the structure is elevated, any future insurance or resale discounting in this micro-market must be verified through a full flood study and insurer quotes before committing. The 97% site coverage leaves minimal private outdoor ground space, which may deter buyers who value garden or yard area. On the opportunity side, the north-facing orientation and high building coverage create a property that is inherently more energy-efficient and private than neighbouring south-facing homes, and the 5G and FTTP connectivity add practical appeal for remote workers. The tightly held nature of Gracemere Quays means turnover is low, so securing this property now avoids competing in a thinner future market.