52 The Promenade, Surfers Paradise QLD 4217
52 The Promenade, Surfers Paradise QLD 4217
52 The Promenade is a 4-bedroom, 4-bathroom single-story concrete house on a 556 m² lot with 428 m² of internal space, backing onto an inlet off the Main River. Parking includes 3 to 5 spaces. This is a rare low-rise house in a suburb dominated by high-rise apartments, with the Isle of Capri address signaling exclusivity and waterfront positioning.
What makes this property competitively strong is its sheer rarity. In Surfers Paradise, where the typical stock is high-rise apartments, a single-story concrete house of this size is almost unheard of. The full concrete construction offers durability and noise reduction, while the inlet backing provides direct water access without the exposure of the main river. This property serves the buyer who wants a secure, private, low-maintenance waterfront home in a low-rise enclave, avoiding the density of the main strip. It is best suited to a high-net-worth family or an investor seeking a premium non-apartment holding in a market that rarely offers them.
Several factors might materially affect the property’s value. The inlet backing, while desirable for water access, may carry humidity or odor concerns that a main river frontage would not. The single-story configuration, though rare, limits the skyline views that multi-level homes on the same street can offer. The 2022 sale at $4.6 million sets a recent benchmark, but value will depend on the quality of the reimagined finishes, which are not detailed in available information. Buyers should weigh the premium for low-rise exclusivity against the potential for more modest appreciation compared to high-rise apartments in the same suburb.
Detailed Independent Property Report prepared by PropCred Analyst team for 52 The Promenade, Surfers Paradise QLD 4217
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Surfers Paradise is undergoing a significant transformation, positioning itself as a resurgence destination driven by major infrastructure projects and the 2032 Olympics tailwind. Demand is underpinned by a persistent undersupply of homes and attracts both lifestyle-seeking families and strategic investors. Recent house price growth of 4.0% reflects this momentum, supported by a tight 1.2% vacancy rate. While a reputation shift is underway, the key risk is an easing of growth following several strong years, though no major correction is forecast.
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PropCred Estimated Value
Bedrooms
4
Bathroom
4
Parking
5
Land
556m²
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