8 Wallowa Court, Elanora QLD 4221

8 Wallowa Court, Elanora QLD 4221
Modern farmhouse sanctuary | 1.3-acre private bush retreat | 4-bed, 3-bath, 4-car family scale | Exceeds typical suburban density. This property presents a rare, consolidated landholding in a suburb characterised by smaller lots, creating a defensible position through its sheer physical scale and privacy. The combination of four bedrooms, three bathrooms, and four car spaces, coupled with high-end finishes and a saltwater pool, crafts a specific product for the family buyer seeking a permanent, low-density lifestyle within convenient proximity to amenities. Its bush retreat setting and single-level flow directly serve a demographic prioritising space, quality, and sanctuary over urban proximity, making it a standout against the typical Elanora stock and aligning precisely with the needs of discerning, established families. The primary decision mechanism is the premium for land and bespoke quality, which carries a long-term holding cost justified only by personal utility, not by typical yield metrics given the absence of rental data. The opportunity lies in acquiring a property type with inherently limited supply, providing a commercial logic of scarcity, but this is balanced by the risk of illiquidity and a value proposition decoupled from median suburb performance. Proceed only if the property’s specific configuration meets a long-term lifestyle requirement, as its value is intrinsic and not easily replicated, making it a hold property for generational use rather than a tradeable commodity. Recent nearby sales provide context, though direct comparables are limited due to this property’s unique scale. Examples include 20/72 The Esplanade Burleigh Heads (0.7km), 7 Nypa Close Robina (2km), and 63 Simpsons Road Elanora. The inference is clear: this listing’s land size of over 5,300sqm and its comprehensive family configuration place it in a different category to most local sales, suggesting its value will be determined by its unique attributes rather than suburb-wide price movements.

Market Insight:

Elanora is a high-demand family suburb positioned as a value alternative to premium beachfront markets. Demand is driven by families, creating a tight, fast-moving market where houses sell in just 16 days. Recent price growth is robust, with house values rising over 12% annually, supported by strong rental yields above 4%. Future growth is linked to sustained family buyer absorption, though its pace makes it sensitive to broader economic shifts.

PropCred Estimated Value

Bedrooms

4

Bathroom

3

Parking

4

Land

1.31 acres

Built

Recent Assessments