5 Canberra Court, Mermaid Waters QLD 4218

Vacant 1376sqm waterfront | 35m frontage wide 90m canal | quiet cul-de-sac park outlook | dual-dwelling potential subject to council This block’s primary buying case rests on its rare combination of scale and position: a 1,376 m² cleared site with 35 metres of water frontage on a 90-metre-wide canal, set at the end of a quiet cul-de-sac overlooking parkland. For a buyer seeking a premium single residence or a speculative dual-dwelling development, this configuration is competitively scarce in Mermaid Waters. The location serves those wanting immediate lifestyle access—beaches within two kilometres, Nobby Beach dining within three—while the wide canal and park outlook reduce overlooking and improve privacy. The property’s vacancy removes demolition cost and timeline risk, making it a cleaner entry point than an improved holding. The principal risk is planning uncertainty: dual-dwelling permissibility, flood and coastal hazard overlays, and waterfront setback constraints must be confirmed before any offer. The 2024 sale may indicate recent price discovery, but without a public figure, a buyer must benchmark against comparable vacant waterfront sales in the street. The inconsistent database records (one source listing a five-bedroom house) suggest either a demolished dwelling or data lag, which should be verified via title search and council records. The opportunity lies in the block’s redevelopment optionality—a luxury home for an owner-occupier, or a two-dwelling concept for a developer—and its position in a tightly held cul-de-sac with limited future supply.