95 Countess Drive, St Leonards VIC 3223

Vacant titled land | coastal estate enclave | ready for bespoke build | priced near suburb median. This property presents a rare opportunity to secure a titled parcel within an established coastal estate, eliminating subdivision risk and providing immediate construction readiness. Its position in the Bay Breeze Estate offers a premium seaside enclave address, moments from the shoreline, which inherently protects capital and appeals to a specific buyer seeking a bespoke coastal residence. The indicative price aligns directly with the established St Leonards median, suggesting market validation rather than speculation, and serves the buyer who prioritizes location and customization over an existing structure. The short five-day market exposure signals latent demand for turn-key land in this precinct. Your decision hinges on accepting the full cost and risk of construction against the benefit of creating unmatched equity through a tailored build. The primary risk mechanism is build-cost inflation, which can erode your budget and final equity position, while the opportunity lies in developing a property that immediately exceeds the value of nearby comparable sales upon completion. The commercial logic is clear: purchase at a known land value and add value through a controlled build process. This is a hold-and-build proposition; any attempt to on-sell the vacant land prematurely forfeits the core value of the entitlement you are acquiring. Recent comparable land sales in St Leonards provide a direct value benchmark: – 69 Countess Drive, St Leonards: Sold for $325,000 in March 2025. – 2 Paywit Street, St Leonards: Sold for $385,000 (date unspecified). The $360,000 indicative price for this 448m² lot is positioned appropriately between these comparables, reflecting its estate positioning. This alignment confirms the asking price is grounded in recent market evidence, not aspiration, providing a credible foundation for negotiation.