24 Grasstree Place, Yallingup WA 6282

6 beds | 1.38 ha | 2023 build | Ocean views | Bushfire overlay This property is competitively rare in Yallingup for its combination of scale and recency. A 402 m² home with vaulted ceilings and timber flooring on 1.38 hectares is not common stock, and the westerly ocean outlook adds a premium lifestyle dimension. It serves best a high-net-worth buyer seeking acreage privacy with short-stay potential, or a large family wanting room to spread without sacrificing proximity to beaches and wineries. The rural-residential setting and tourist registration capacity place it firmly in the prestige segment, not the ordinary family house market. Several factors may materially affect value here. The bushfire overlay could raise insurance costs and impose clearing or building constraints, which a buyer should factor into holding costs. The property has never operated as an Airbnb despite being registered, so short-stay income is untested and may require marketing effort. The large lot and premium finish also mean higher maintenance than a standard home, and the thin local market for this price tier may extend selling time. These are not dealbreakers but they are worth weighing when forming a view on price.