4/159 Margate Parade, Margate QLD 4019

Large 4-bed apartment | New 2025 build | Low-rise coastal project | Flood overlay present This property is competitively rare for Margate because a four-bedroom apartment in a new low-rise project is almost unheard of here. At 475 square metres of internal space, it is materially larger than typical coastal units and would appeal most to upsizers or downsizers who want waterfront proximity without maintaining a house. The Lucine project holds only twelve residences across four levels, which suggests an owner-occupier bias and a quieter living environment than denser developments. The 2025 build year means modern construction standards and energy performance, though the flood overlay is a real constraint that may affect insurance premiums and long-term risk perception. The flood overlay is the single factor most likely to shape value here. It may not prevent sale or financing, but it could narrow the buyer pool and influence how lenders assess the property. The lack of verified finishes or internal layout details means the actual quality of fixtures and appliances remains unknown, which matters for price comparison against other new builds. On the positive side, the large site area of roughly 1,596 square metres and the development’s DA approval signal that the location has been carefully chosen for its bay views and coastal positioning, both of which should support demand from buyers who prioritise outlook over absolute price certainty.