858 Kingfisher Heights Drive
Fraser Island, QLD 4581

This freehold 3-bedroom home, known as KOKOMO at Kingfisher Bay, presents a unique opportunity to own both a private residence and an established holiday rental business on K'gari (Fraser Island), the world's largest sand island. The name K'gari fittingly means paradise, reflecting the island's status as a World Heritage-listed destination renowned for its pristine freshwater lakes, ancient rainforests, diverse wildlife, and stunning sandscapes.

Located privately on a hill just behind Kingfisher Bay Resort, KOKOMO offers an elevated bushland setting that combines seclusion with convenience. The property is just a short walk from the resort's pools, bars, restaurants, and beach boardwalks, providing a perfect balance of natural beauty and resort-style amenities.

Residents and guests can enjoy the island's many attractions, including swimming in the crystal-clear waters of Lake McKenzie, floating down Eli Creek, exploring rainforest trails, and observing local wildlife such as dingoes along the coastline. The nearby Jetty Bar is famous for its spectacular sunsets, adding to the lifestyle appeal of this location.

The home itself is designed for relaxed island living with modern comforts. It features an expansive covered deck ideal for outdoor dining and entertaining, capturing cooling breezes and glimpses of the Sandy Strait. The master bedroom includes an ensuite with a rain-head shower and built-in robes, while the second queen bedroom also offers built-in robes. A bunkroom accommodates up to six people with a combination of double and single beds, built-ins, and a TV.

• Main bathroom with a full-size bath, separate shower, and double vanity
• Outdoor hot/cold shower for rinsing off after beach visits
• Ceiling fans, screened louvres, and large stacker doors promote natural airflow
• Reverse cycle air-conditioning in every room ensures comfort year-round
• Fully equipped kitchen with stone and bamboo benchtops, gas cooktop, wine fridge, dishwasher, microwave, and fridge/freezer with ice maker
• Smart TVs in every room, SONOS sound system, WiFi, DVDs, books, and board games provide entertainment options
• Additional amenities include a pool table, BBQ with wok burner, laundry with washer and dryer, and double undercover parking

Beyond the lifestyle benefits, KOKOMO represents a sound business opportunity. The holiday rental business has a proven track record with a consistent net return in the 6-7% range based on the current asking price. It enjoys an excellent reputation with extensive 5-star guest reviews across platforms such as Airbnb and Vrbo, resulting in strong occupancy and repeat clientele.

The operation is professionally managed with established booking platforms, cleaning schedules, and guest systems, allowing for a seamless transition to new ownership. The property is fully furnished, branded, and marketed, including its own dedicated website, making it guest-ready from day one.

Ownership also includes several benefits such as free barge travel for owners, discounts across the resort, and a freehold title within a small body corporate that manages shared infrastructure including sealed roads, sewerage, and power. Body corporate fees are low, and common facilities are well maintained.

Residents have full access to Kingfisher Bay Resort's premium amenities, which include four swimming pools (one heated), tennis courts, restaurants, bars, a day spa, a general store, and a fuel station. Additionally, there is approval for an exclusive swing mooring in the Great Sandy Strait at Kingfisher Bay, enhancing travel convenience to the property.

Access to the property is via bitumen from the barge terminal, with 4WD required for inland sand tracks beyond the resort precinct. Whether enjoying the natural wonders of the island, relaxing at the resort, or hosting guests in this exceptional home, KOKOMO offers a rare blend of lifestyle, comfort, and investment potential on one of Australia's most remarkable islands.