801/87 Marine Parade, Redcliffe QLD 4020

Beachfront penthouse | 265sqm with private rooftop | Rare owner-occupied building | Suttons Beach frontage | No comparable stock This property occupies a genuinely scarce position in Redcliffe’s waterfront market. The 265-square-metre internal footprint, combined with a private rooftop, is not replicable in newer developments. Every room facing Suttons Beach gives this unit a permanent view corridor that cannot be built out. The building’s 60% owner-occupier ratio and long-term resident profile (48% holding over 37 years) signal low turnover and high neighbour quality, which directly supports capital stability. For a buyer seeking a primary residence or a long-hold coastal retreat that outperforms the suburb median by roughly 90%, this penthouse offers configuration and location advantages that standard two-bedroom units cannot match. The primary risk is pricing relative to the building’s own recent off-market indication of $1,310,000 for a similar unit, suggesting a premium of around 15% for the penthouse rooftop and direct beach aspect. That premium is commercially logical only if the buyer intends to occupy or hold for a decade or more, as rental yield at $735 per week would be low against a $1.5 million outlay. No flood, bushfire, or heritage overlay was detected, and the building’s strata title is modern, reducing surprise repair risk. The property suits a buyer who values irreplaceable position over immediate rental return; hold it as a lifestyle base and let scarcity underwrite long-term value growth rather than chasing yield.