35/469 Pine Ridge Road, Runaway Bay QLD 4216

Townhouse on 2.36 acres | 3 beds, 2 toilets | Near Coombabah State High | Vacant possession This property presents a rare configuration where a townhouse, typically on a strata title, sits on a substantial 2.36-acre land parcel. This significant land component within a townhouse format is highly unusual for the area and represents the primary value proposition, offering potential beyond the standard unit. It best serves a buyer seeking a low-maintenance dwelling with the future optionality of land subdivision or redevelopment, subject to council approval, rather than a standard investment unit. The central risk is the pricing tension; the current listing price is positioned notably above both the estimated value and recent 2024 sale, demanding a premium for the land potential that may not be immediately realisable. Proceed only with a confirmed development feasibility study from a town planner. The commercial logic is acquiring a strategic land bank in a sought-after location, with the existing house providing rental income during the holding period. Treat this as a long-term land play, not a short-term rental.