98/685-707 Casuarina Way, Casuarina NSW 2487

North-facing | ground-floor edge | 50m to beach | resort complex with pool | dual-zone letting allowed The buying case here is driven by configuration and positioning. This unit sits in the same complex that recently saw a north-facing ground-floor unit with a private pool trade at $1.4 million, and that premium is instructive. The complex itself offers a heated 50m lap pool, lagoon pool, sauna, and gym — amenities that underpin both owner-occupier appeal and holiday let yield. For a buyer, the key is that this unit’s layout and orientation may not match unit 8’s, but the complex’s broader demand character is proven, with 3-bed units appreciating quickly and turnover active. The dual-zone approval for residential or holiday letting is a structural advantage, not a feature; it means the property can be held flexibly, and that flexibility is priced into the market’s willingness to pay. This suits a buyer who wants beachside resort living with income optionality, not a pure capital growth play. The risks are specific and need weighting. Flood and bushfire overlays are detected for this unit, and those will affect insurance costs and may narrow the buyer pool on resale. Heritage overlay is also noted, though its practical impact here is unclear. The opportunity is that these overlays are known and already discounted into the current estimated value of $1.37m, which sits below the $1.4m+ achieved for the best-positioned units. A buyer who can hold through insurance cycles and is comfortable with the risk profile gains a price entry point that a risk-averse buyer would not. The commercial logic is simple: buy for the dual-zone flexibility and the complex’s amenity, hold for cash flow from holiday letting, and accept that capital growth will track the beachside market rather than outperform it.