3 Savaii Close, Palm Cove QLD 4879

3 beds or 5? | 800m² land in elite estate | secure parking for 4 | inconsistent listing history The property’s primary strength is its 800m² parcel within a positioned estate, a landholding that is increasingly scarce and commands a premium in beachside locales. The secure parking for four vehicles and the described media room and office configuration support a true family occupancy, catering specifically to buyers seeking a large, low-density home with functional space for remote work and entertainment. This combination of scale, utility, and location serves a professional family demographic that values both privacy and amenity. Decision hinges on verifying the actual built form against the conflicting bedroom and bathroom counts, a due diligence failure that could materially impact both valuation and functional utility. The sales history suggests a possible relisting, warranting scrutiny of the prior sale circumstance. The opportunity lies in acquiring a substantial land component at a price point below current estimates, provided the dwelling is confirmed as a five-bedroom home. Proceed only with a building inspection and title search to reconcile discrepancies, then hold as a long-term primary residence to capitalize on land value appreciation. The commercial logic does not support a short-term investment. Recent nearby sales provide context: 27/9 Savaii Close, a three-bedroom property, sought over $1.35m, and 10 Savannah Street, with four bedrooms, sought over $1.2m. This demonstrates strong buyer demand in the immediate area. Your subject property, with its larger land size, presents a value argument if purchased near the lower end of its estimated range, though its exact bedroom count must be validated to ensure a fair comparison.