306/42 Queen Street, Kings Beach QLD 4551

Elevated coastal panoramas | Resort-style facilities | 159m² internal space | Premium beachfront position | Low-turnover building tenure This property presents a competitively strong proposition within the Kings Beach market, primarily due to its scale and positioning. The 159m² floor plan is notably larger than typical three-bedroom units in the suburb, which commonly range from 92 to 155m², and is coupled with an elevated aspect capturing north-facing coastal views-a rarity that commands a premium. The offering is further defined by its inclusion within a comprehensively appointed, resort-style complex featuring a pool, gym, and sauna, situating it as a turnkey lifestyle purchase. This combination of space, outlook, and amenities best serves an owner-occupier seeking a permanent or holiday residence, or an investor targeting the premium segment of the rental market, where such features justify stronger weekly returns and tenant demand. The decision hinges on acknowledging specific cost mechanisms and market opportunities. The primary risk is the strata title over a shared 1.07-acre land parcel, which introduces ongoing body corporate costs and shared decision-making, a trade-off for the extensive communal facilities. The commercial logic lies in the building’s demonstrated capital growth, with recent comparable sales within the same complex showing strong annualised growth, particularly for units held medium-term. Given the property’s superior size and aspect compared to the recently sold unit 506 for $980,000, a value well above that benchmark is justified. The judgment call is to proceed with an offer strategy that reflects its premium standing, as this property is suited for a hold period of five-plus years to realise the value of its inherent advantages over standard stock. Recent sales within the same building at 42 Queen Street provide a clear value framework: – 506/42 (3 bed, 2 bath, 1 car, 130m²) sold January 2026 for $980,000. – 109/42 (3 bed, 2 bath, 1 car) sold July 2025 for $1,090,000. – 102/42 sold at $999,000, achieving 13.07% annual growth over four years. – 202/42 sold at $950,000, achieving 11.40% annual growth over six years. – 901/42 (3 bed, 3 bath, 2 car) sold for $1,825,000. The subject property, with its larger 159m² area, superior elevation, and views, directly commands a price point significantly above the $980,000 paid for a smaller, lower-floor unit earlier this year. The sales history confirms the building’s strong performance, supporting a valuation comfortably exceeding $1.1 million.