54 Bayside Road, Cooloola Cove QLD 4580

Elevated Queenslander on 2,011m² | sweeping views | bushfire overlay | character bones needing update The primary buying case rests on the rare combination of a 2,011m² elevated block with a character Queenslander and sweeping views, which is uncommon in Cooloola Cove. The 6% building coverage and 35m elevation signal significant future potential for extension, shedding, or subdivision, subject to council approval. This property serves best a buyer seeking a long-term land bank with immediate occupancy, rather than a turnkey home, as the 1960 build and single bathroom suggest renovation is required to lift amenity. The principal risk is the wide gap between the $540,000 2024 sale and current asking, compounded by value estimates clustering $650,000–$740,000, indicating the market does not fully support the premium. The bushfire overlay and potential flood/heritage constraints require formal verification before any development plans are formed. The 3.3% gross yield at asking price is moderate, not compelling, and the 39.5km distance to Gympie State High School limits family appeal. The opportunity lies in negotiating toward the lower end of the value range, where the land size and views become a defensible long-term position.