51 Waterfront Drive, Karalee QLD 4306

Waterfront acreage | 563m² residence | riverfront estate | bushfire overlay | high building coverage This property presents a rare combination of a substantial residence on a full acre within a defined waterfront estate, a configuration increasingly scarce in this corridor. The significant building size and coverage suggest a premium, established home rather than a standard subdivision lot, positioning it for buyers seeking space and permanence. It best serves an owner-occupier valuing estate living and school catchments over proximity to urban centres, or a capital-focused investor banking on land value. The primary risk is the bushfire overlay, which imposes potential construction costs and insurance premiums. The current list price appears ambitious against the provided valuation range, demanding negotiation to align with recent estate lot pricing. Its size and character limit rental yield, making it a long-term capital holding. Proceed only if securing a price reflecting the overlay’s cost and accepting its specialized, lower-turnover market position. Comparable listings indicate active development in the River Retreat Estate: – 58 Waterfront Drive: Listed at $2,019,979 – Lot 56 Waterfront Drive: From $1,811,776 – 71 President Circle (nearby): 1.13 acres, 216m² house, listed at $2,165,474 This context shows the subject property’s listed price is positioned within the upper tier of new estate offerings, though its larger existing home on a similar lot must justify the premium against brand-new constructions.