29 Arkana Drive
Noosa Heads, QLD 4567

This exceptional property at 29 Arkana Drive, Noosa Heads presents a rare opportunity that has not been available for over fifty years on the elevated Cooloola Hill. Set on a 607 square meter site, the land’s aspect and elevation provide an excellent foundation for a commanding second-storey residence that can capture breathtaking and expansive views across Lake Weyba and the Noosa River.

The block features a gentler natural gradient than typically expected in hillside properties, allowing for a highly practical and usable design and living environment. Currently, the site includes an existing three-bedroom home, which is currently tenanted until November 2026. This arrangement provides steady holding income enabling the owner to plan a future project, whether it be land banking, developing a bespoke owner-builder residence, or planning a principal place of residence in one of Noosa’s most sought-after and tightly held streets.

The property is part of a dynamic area experiencing significant changes, where original homes are gradually being replaced by architect-designed residences that command premium market prices. The highest recorded sale in the immediate vicinity reached around $8 million, underscoring the premium nature of the location and the value uplift achievable through new construction.

Buyer interest in this location is intensely competitive, driven by a combination of local families and interstate purchasers attracted by the scarcity of land, privacy, and proximity to key local amenities such as Noosa Junction and Hastings Street. Properties on Cooloola Hill are continuously increasing in value as demand remains strong and available land becomes ever more limited.

The sellers of this property are motivated and open to prior offers, with terms that include a 30-day settlement and flexible deposit options. This is widely regarded as one of the last opportunities to acquire land at current values before the market shifts fully towards premium build values.

The property offers a strategic landbanking prospect or a potential design and build site for those seeking a home with commanding views and an elevated lifestyle within a sought-after neighbourhood. The location balances privacy with easy access to amenities, making it ideal for families or individuals looking to establish roots in Noosa Heads.

This offering is particularly attractive for buyers who appreciate the long-term growth prospects of Noosa’s real estate market and the prestige of an elevated Cooloola Hill address. The land's practical gradient facilitates design flexibility, while the existing home provides security of income and a ready-made option for immediate habitation or rental income.

The surrounding streetscape is rapidly evolving, with contemporary new builds setting a modern tone and consolidating the street’s value. This property provides both an investment and lifestyle proposition with strong fundamentals based on location, elevation, and market dynamics.

Potential buyers are encouraged to express their interest early or arrange an inspection to fully appreciate the property's potential and unique positioning within the Noosa Heads market. This is a rare portal into a premium estate opportunity seldom presented to the market.