51 Cayman Drive, Clear Island Waters QLD 4226

Waterfront family home | 890m² with 24m frontage | Original single-level condition | Flood overlay present This property presents a competitively strong and increasingly rare offering: a large, single-level family home on a prime 890m² waterfront parcel. Its 24-metre frontage and solid, original condition provide a versatile foundation, ideally serving an owner-occupier seeking a low-maintenance lifestyle with immediate livability and clear potential for future enhancement. The generous outdoor area and open-plan layout directly support family living and entertaining, positioning this as a long-term holding in a highly sought-after suburb. The primary decision mechanism is the flood overlay, which necessitates specific due diligence and may impact insurance costs and future development potential. The original state of the residence, while immaculately maintained, implies a future capital requirement for modernization. The commercial logic is acquiring a scarce land component in Clear Island Waters; the judgment is to secure it for owner-occupied hold, leveraging its inherent livability while strategically planning for eventual updates to capture the full waterfront premium. Nearby sales context is limited, but available estimates suggest a value gradient based on lot size and condition. For instance, 52 Cayman Drive, on a smaller 719m² lot, carries an estimated value around $1.995m. This underscores the significant land value premium commanded by this property’s larger 890m² waterfront block, reinforcing its positional strength within the street.