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23 Settlers Retreat, Margaret River WA 6285

Offers From $1,500,000

Search Band

$1.5M - $1.58M Transparent Based on an openly advertised listing price.

House 4 beds 2 baths 5 cars 501 m²

Listed: 24th Apr 2026

Updated: 42 days ago

Overview

Set amongst towering gum trees, this large, two-storey, architecturally designed home offers a superb private residence combined with a lucrative short stay accommodation business. Ideally located within walking distance to the town center and the river, the property provides a serene environment that feels like a world away from the hustle and bustle.

The home is artistically decorated with vibrant pops of colour and embraces a modern-bohemian-chic aesthetic. It is airy and filled with natural light, featuring expansive glazing and bi-fold doors that open seamlessly onto surrounding decks. This design creates a breezy, treetop living experience that immerses residents in nature.

Originally designed and built in 2008 by a local architect as her own residence, the home was thoughtfully expanded in 2018 under her guidance. Recently, it has been reconfigured to include a comfortable private residential apartment alongside a spacious guest accommodation wing. The property is listed on Airbnb as "La Boheme in the Treetops" and operates as a successful hosted short stay accommodation business, consistently receiving 5-star guest reviews.

The self-contained owners' retreat is located on the second floor and includes the main bedroom with an ensuite, a kitchen, a second bedroom or living area, a third bedroom or office, and a lounge with a bar. This layout offers comfort, privacy, and flexibility suitable for permanent living.

The guest wing features the main kitchen, dining and living areas, two bedrooms, a bathroom, and an expansive alfresco entertaining area. This outdoor space includes an outdoor bath and shower, a fire pit, a Balinese-style gazebo, a fishpond, and beautifully landscaped, low-maintenance gardens, perfect for relaxation and entertaining.

The entire home offers four dedicated bedrooms, two and a half bathrooms, and multiple living zones arranged in a flexible and dynamic layout. This design would appeal equally to large families and investors seeking a versatile property.

Set high on a 501 square meter strata-titled block adjoining forested Public Open Space, the property enjoys an enhanced sense of space and tranquility. Barrett Weir, a popular swimming spot on the river, is located just across the road and serves as a gateway to an extensive network of forest walking trails, placing nature literally at your doorstep.

This property presents an exceptional lifestyle opportunity combined with immediate income-earning potential, making it an attractive option for the discerning buyer.

Disclaimer:
The information provided is for general purposes only and is based on details supplied by the seller. It may be subject to change, and no warranty or representation is made regarding its accuracy. Interested parties should conduct their own independent enquiries.

Local Market Insights

In Margaret River, Quiet Listings observed 14 new houses entering the market over the last 30 days, up from 8 during the previous 30-day period, with an average advertised asking price of $1,477,071. The property type mix of listed properties is predominantly Houses at 67%, followed by land (19%), and villas (5%). Ray White was the most active agency in this area, representing 90.0% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.