8 Jasmin Drive Bongaree QLD 4507

Waterfront | dual-living layout | boatshed | flood overlay | first release in 26 years This property offers a rare combination of scale and configuration: a 1008m² canal-front lot with a dual-living layout that effectively functions as two separate residences under one roof. For a buyer seeking multi-generational accommodation or a high-yield holiday let with owner-occupier tax advantages, this is a structurally superior option compared to typical Bongaree waterfront homes. The boatshed and direct water access add a premium lifestyle layer that commands a price floor above non-waterfront comparables, while the solar panels and pool reduce holding costs and improve tenant appeal. This house is best suited to a buyer who wants both lifestyle utility and income flexibility from a single holding. The flood overlay is the primary risk, and it costs the buyer in two ways: higher insurance premiums and a narrower resale pool during soft markets. However, the 4-metre ground elevation and recent satellite data suggest the risk is manageable and already priced into the $1.996 million estimate. The dual-living configuration also provides a natural hedge—rent one side to offset holding costs while occupying the other. For a buyer prepared to hold through a cycle, this property should be used as a long-term base with a rental wing, not flipped.