26/12 Commodore Drive Paradise Waters QLD 4217

3 bed apartment on 182m² strata |Built 1989 in waterfront complex |Listed $1.7m amid $1.3-2.5m sales |Flood overlay noted|This three-bedroom apartment with 182m² of internal space in a canal-front complex suits downsizers or investors seeking lock-up garaging and water proximity. At 182m² it delivers generous living areas for its format, accommodating comfortable indoor-outdoor flow typical of 1980s builds in this setting. Positioned within a established waterfront tower, it shares strata benefits like waterfront access while navigating a flood overlay that tempers development potential. Recent sales in the same building range from $1.3 million for two-beds to $2.55 million for premium three-beds, placing this at the higher end given its size and double garaging. Buyers drawn here often include sea-changers from interstate or local professionals valuing the NBN fibre and 5G coverage without the maintenance of a house. Market data shows three-bedroom units here holding steady, with quick turnarounds in 2025 despite the overlay, reflecting demand for canal lifestyle over risk concerns. Its 1989 construction offers solid bones with scope for modernisation, appealing to those planning a 5-10 year hold as waterfront scarcity drives values. In Paradise Waters context, this stands out for size relative to peers, positioning it well against smaller units fetching under $1.5 million. Long-term, strata stability and school catchments add quiet holding power for families testing apartment living. Overall it tracks as a measured entry into premium canal real estate.