40 Dalmont Street, Highett VIC 3190

Brand new luxury build | 620m²+ reserve-backed lot | 4 bed plus study | 3.5 bath pool home | Highett bayside precinct This property represents a premium, turn-key opportunity in a tightly held location. Its competitive strength lies in the combination of a larger-than-average lot at the quiet end of a street, a brand new high-specification build with multi-generational living spaces, and immediate proximity to parkland. This configuration is rare for Highett, typically serving families seeking a low-maintenance, luxury lifestyle near amenities without the compromise of an older home or a smaller block. The primary decision point is the price premium for a new build in an established area, which you pay for immediate occupancy and modern finishes over potential land value. The opportunity is securing a scarce, completed product in a development precinct where similar lots are being redeveloped, suggesting strong underlying demand. Acquire this as a long-term family home; its rental yield estimates indicate solid investment logic should your circumstances change. Our tailored report would pressure-test the listed price against true comparable sales and detail locality-specific risks for a complete due diligence picture. Recent comparable sales context: The previous dwelling on this lot, a 3-bedroom, 1-bathroom brick veneer home, sold for $1.7 million in late 2021. Its subsequent redevelopment into this 4-bedroom, 3.5-bathroom luxury property demonstrates the significant value added through construction and aligns with the area’s trend of premium infill. This history supports the current pricing strategy for a new, superior product.