Prime Palm Beach Opportunity - RD5 Zoned with Exciting Development Potential

Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

53 Leyte Avenue, Palm Beach QLD 4221

Off Market Opportunity

Search Band Search Visibility Band

$2M - $2.2M High Confidence Calculated based on strong search observations.

House 3 Beds 1 Bath 3 Cars

Listed: yesterday

Updated: 15 hours ago

Overview

Located in one of the Gold Coast's most desirable coastal suburbs, this property at 53 Leyte Avenue, Palm Beach, offers a rare opportunity that combines immediate livability with significant long-term potential. Nestled on RD5-zoned land, the site is primed for a potential four-pack development, subject to council approval, which could appeal to developers looking to capitalize on the area's growth.

The existing home is a renovated three-bedroom, one-bathroom dwelling that provides comfortable living or a steady rental income while planning future development. The residence's position at the front of the block opens possibilities for a second detached dwelling, presenting an alternate strategy to maximise returns aside from the four-pack option.

Indoors, natural light permeates spacious bedrooms and a practical layout that balances functionality with a welcoming atmosphere. This makes the home a practical choice for immediate occupation or investment.

Overall, the property stands out for its flexibility. Developers will appreciate the zoning and location advantages, investors can benefit from rental returns with an eye on future gains, and owner-occupiers can settle into a lived-in home with potential to enhance or redevelop. Ideal candidates are those seeking a foothold in Palm Beach's vibrant market, whether for asset growth or lifestyle.

Exciting redevelopment possibilities due to RD5 zoning
Potential for four-pack development subject to approval
Renovated three-bedroom, one-bathroom home with immediate rental appeal
Positioned to accommodate a detached secondary dwelling
Highly sought Palm Beach location offering lifestyle and investment benefits
Suited for developers, investors, owner-occupiers, or land bankers

The property invites inspection to fully appreciate its current benefits and future prospects.

Local Market Insights

In Palm Beach, Quiet Listings observed 45 new houses entering the market over the last 30 days, up from 28 during the previous 30-day period, with an average advertised asking price of $1,877,578. The property type mix of listed properties is predominantly Houses at 50%, followed by apartments (23%), and units (9%). The most active agency for houses in the Palm Beach area is currently Ray White, representing 29% of new listings, followed by McGrath Estate Agents with 16%. 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.