38 Morala Avenue, Runaway Bay QLD 4216

Quiet gated street | 248m² floorplate on 637m² | pool and solar | flood overlay present | buyer demand for larger homes in Runaway Bay This house occupies a rare configuration in Runaway Bay: a full double-storey brick residence on a flat 637m² block with a 248m² internal floor area, a pool, and solar panels. That combination of size, privacy behind secure gates, and a regular-shaped allotment is competitively scarce in a suburb where most stock is smaller or older. The property serves best a family seeking a long-term home with space for children and entertaining, or an investor targeting the premium rental bracket—the high-end weekly estimate of $2,600 reflects demand for this scale. The floorplate and land area together give the buyer a positional edge over nearby townhouses and smaller houses, particularly given the 42% building coverage leaves room for future extension or landscaping. The flood overlay is the primary risk and will cost the buyer higher insurance premiums and potentially limit some renovation approvals; it should be verified against recent council mapping before any offer. Data inconsistencies in bedroom count and year built suggest the house may have been renovated since its 2001 sale, which introduces uncertainty but also an opportunity to acquire a property where the seller’s records are weak. The lack of recent sales history means the buyer must rely on comparable evidence—such as the nearby townhouse sale at $925,000—to anchor negotiation. Hold this property as a family home or a long-term rental; its configuration and location in a stable, owner-occupied suburb support capital growth with minimal turnover risk.