23 The Esplanade, St Lucia QLD 4067

Elevated Esplanade enclave | 4-bed house single bathroom | Flood overlay | Tightly held prestige position | Strong rental demand This property’s primary strength is its location within a tightly held, prestigious enclave, offering a whisper-quiet elevated block-a rarity that commands a premium over standard suburb stock. The four-bedroom house on a large 726m² lot suits a buyer seeking space and position, with multiple living zones and strong rental signals supporting both family occupancy and investment logic. Its single bathroom is a functional compromise against an otherwise premium profile. The flood overlay is a material risk that necessitates specific insurance due diligence and may impact long-term capital growth relative to unencumbered lots. However, the property’s scarcity in a coveted enclave and consistent sales history demonstrate resilient demand. Acquire for long-term hold, leveraging its school catchments and rental yield, accepting the flood cost for a superior positional advantage. Recent sales history for this property: – Sep 2025: $1,900,000 – Mar 2024: $1,680,000 This trajectory shows substantial appreciation, reinforcing the enclave’s desirability and providing a credible benchmark for its current listed value.