48 Deagon Drive Runaway Bay QLD 4216

Three-bedroom waterfront reserve backing | 541sqm corner block | 23.4% recent growth | Low-density zoning with dual-living potential This three-bedroom home on a 541-square-metre block with uninterrupted reserve frontage suits families and retirees seeking low-maintenance coastal living without sacrificing land privacy or future development flexibility. The property was built in 1980 and has undergone tasteful renovation, positioning it competitively within a neighbourhood where comparable three-bedroom houses have recently traded around $1.185 million. Its positioning on a wide, tree-lined street with direct reserve access distinguishes it from typical suburban offerings; the backing provides both privacy and the rare benefit of protected outlook that cannot be built upon. The flat block configuration and modern internal updates reduce ongoing maintenance while preserving the original footprint—a practical advantage for owners prioritising lifestyle over intensive renovation projects. Low-density residential zoning allows potential dual-living arrangements, which broadens buyer appeal beyond single-family occupation and creates medium-term flexibility if circumstances change. Located within walking distance of schools and local services, the property addresses practical convenience without the intensity of more densely developed precincts. Recent suburb growth at 23.4 percent over the past 12 months reflects sustained demand, though this appears driven by broader coastal migration rather than property-specific factors. The property last sold in 2003, suggesting a long holding period; current asking expectations at offers over $1.4–$1.45 million reflect the renovation investment and reserve-backed position rather than extraordinary scarcity. For buyers seeking established coastal amenity with low-intensity living and moderate development upside, this represents a holding asset with tangible community appeal and rental yield potential around 3.3 percent—consistent with local market returns for similar-sized homes.