503/79-83 First Avenue, Mooloolaba QLD 4557

Fifth-floor ocean-view apartment | premium Mooloolaba beachside pocket | 2-bed 2-bath with open car space | strong rental yield potential. This unit occupies a rare position in a sought-after coastal building, where the fifth-level elevation captures sustained ocean views without the premium of a penthouse. The 80-96m² floorplate is generous for a two-bedroom apartment, and the inclusion of an ensuite, built-in robes, and balcony means it competes well against newer stock that often sacrifices space for finishes. It suits a buyer seeking immediate lifestyle amenity within walking distance to beach and esplanade, or an investor targeting the short-stay market where Mooloolaba consistently commands above-average weekly returns. The principal risk is the 2014 purchase history without a clear current sale price, which creates valuation ambiguity in a market that has risen sharply since. Buyers should commission an independent appraisal to anchor their bid. The building’s age may also carry higher body corporate fees than newer developments, so a review of sinking fund records is prudent. The property’s strongest opportunity lies in its dual-income potential,either as a long-term hold with reliable $645-$875pw rental or as a short-term let leveraging the outdoor spa and ocean proximity. Hold it for capital growth in a supply-constrained coastal corridor.