62 Eshelby Drive, Cannonvale QLD 4802

Elevated 4.87ha landholding with sea views | Rare large parcel in Cannonvale | Subdivision potential adds buyer leverage | Privacy and space near Airlie Beach This property presents a rare configuration edge: a substantial 4.87-hectare elevated parcel with sea views, where the existing house serves as a holding income or temporary residence while the land’s true value is unlocked. For a buyer seeking land banking, future subdivision, or a private lifestyle retreat within minutes of Airlie Beach, this is competitively positioned against smaller, less flexible lots. The 270m² house with four bedrooms and two bathrooms is functional but not the primary draw; the buying case rests on the land’s scale and elevation, which offer a scarcity advantage in a tightly held coastal market. It suits developers, investors with a medium-term horizon, or families wanting space without sacrificing proximity to town. The primary risk is the mismatch between the advertised 4.87 hectares and the 851m² lot recorded in official data, which may indicate the house sits on a smaller titled portion with additional acreage under separate or unregistered arrangements. This ambiguity costs the buyer due diligence time and legal fees to clarify subdivision feasibility, council approvals, and title boundaries. The bushfire overlay is manageable but adds compliance cost. The opportunity lies in securing a large elevated holding before the area densifies; holding the property with the existing rental income while pursuing subdivision approval could yield significant capital uplift. Use this property as a land play with a house attached, not the reverse.