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Overview
This exceptional real estate offering presents a substantial double block development site in the heart of Maroochydore, encompassing a generous land area of approximately 1,456 square metres zoned for medium density. Such a sizable parcel provides ample space for a range of development possibilities, appealing strongly to investors and developers targeting a vibrant and growing coastal community.
Positioned strategically, the site commands proximity to key lifestyle and commercial amenities including nearby beaches, diverse dining options, Sunshine Plaza shopping centre, Cotton Tree, and the evolving Maroochydore CBD. This localization places future developments at the nexus of convenience and lifestyle enhancement, increasing the appeal for potential residents and end users alike.
The property currently hosts a 129 square metre building with substantial accommodation comprising five bedrooms, two bathrooms, and two parking spaces, offering immediate utility. However, the true highlight is the strong development potential facilitated by forthcoming town planning updates that may increase building height limits from 8.5 metres to potentially 22 metres, permitting up to six storeys. This increase could enable higher density residential or mixed-use projects, broadening investment and development scopes.
Medium density zoning allows versatile usage options ranging from residential apartments to mixed commercial and residential developments, facilitating tailored projects aligned with market demands. This rare opportunity caters well to developers aiming to capitalize on the coastal growth corridor, and investors seeking to secure future capital growth through strategic landholding.
Whether intending to accelerate development soon or to hold for future upmarket opportunities, this site offers flexibility and significant upside potential. The sizeable landholding combined with prime location and updated zoning prospects positions it as an attractive asset for medium to large scale urban development projects.
Local Market Insights
In Maroochydore, Quiet Listings observed 20 new houses entering the market over the last 30 days, up from 19 during the previous 30-day period, with an average advertised asking price of $1,286,500. The property type mix of listed properties is predominantly Units at 33%, followed by houses (22%), and apartments (22%). The most active agency for houses in the Maroochydore area is currently Ray White, representing 40% of new listings, followed by Image Property with 20%. 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.
Location
Market Insights for Maroochydore QLD 4558
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