27 Shannons Drive, Lammermoor QLD 4703

Prime rental yield risk | Valuation gap from list price | 1.8x purchase price increase in 5 yrs | Award design but high entry cost The 815% land value uplift over twelve years signals deep market absorption but the current $2.4M asking sits 20% above the primary valuation of $1.99M, leaving you exposed to a correction if local demand softens. The north-facing orientation with suspended pool and 37m elevation locks in passive cooling and views that are largely irreplaceable in Lammermoor, which supports long term hold over flip strategies. Given the 19% site coverage holding 1,863m² of land, you are buying future subdivision optionality not just a house, but you must underwrite at or below $2.1M to avoid negative equity risk in a rising rate environment. The architect and Master Builder pedigree with 10m roof height and Van Nunen pool are genuinely rare in coastal Queensland and anchor resale appeal to design-conscious buyers who pay for provenance, not just square meters. The 9x6m shed with power and ocean views adds utility for a homeowner requiring workshop or boat storage, and the 2-car garage plus 2 open spaces removes parking friction for a family. This property suits a buyer seeking a permanent coastal residence or holiday rental with strong lifestyle credentials, but be certain your exit timeline exceeds seven years to amortize the premium. Comparable sales data shows the May 2021 transaction at $1.3M after 86 days and a 2014 purchase at $300K, with a 2016 listing that failed after 258 days. The five-year growth to $2.4M represents a 1.85x multiple, but the 2016 non-sale suggests the market already priced in location risks during quieter periods. This data reinforces that your entry price must account for potential holding period volatility, not just the architectural uniqueness.