Exceptional Development Opportunity in Sought-After Runaway Bay

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56 Howard Street, Runaway Bay QLD 4216

Expressions Of Interest

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$1.75M - $1.8M Medium Confidence Calculated based on our search observations.

House 9 Beds 9 Baths 6 Cars 506 m²

Listed: 1 hour ago

Overview

Located in the highly sought-after coastal community of Runaway Bay, this 506 square meter prime corner allotment presents a rare and exceptional development opportunity. With full Development Approval for three architecturally designed, three-level luxury villas, the site combines excellent location with immediate potential for high-end coastal living or investment development.

The approved designs for these luxury villas incorporate modern essentials such as private lifts and rooftop entertaining areas, ideal for capitalizing on the stunning views and relaxed lifestyle that Runaway Bay offers. Each villa is crafted to provide generous living spaces, three bedrooms each with private ensuites, and double lock-up garages, ensuring a blend of practicality with luxury.

Prime 506m² corner allotment
Full Development Approval for three luxury villas
Three levels with rooftop entertaining decks offering sweeping views
Private lift servicing each residence
Spacious bedrooms with private bathrooms per unit
Double lock-up garage per villa
Approximate building areas of 354m² to 380m² per villa

Situated approximately 400 meters from the Broadwater foreshore and boat ramp, this location affords proximity to a variety of boating and waterfront dining experiences. The community facilities nearby include Runaway Bay Shopping Centre, reputable schools such as St Francis Xavier School, and various sporting precincts. The convenient access to Paradise Point’s vibrant village, the Gold Coast University Hospital, surf beaches, and Brisbane International Airport further accentuates the appeal.

This development site is well-suited for discerning developers seeking to create premium residences that embrace contemporary coastal living with outstanding lifestyle benefits. The vendors are highly motivated, providing a unique chance for interested parties to secure a cornerstone property in this thriving northern Gold Coast community.

Local Market Insights

In Runaway Bay, Quiet Listings observed 36 new houses entering the market over the last 30 days, down from 68 during the previous 30-day period, with an average advertised asking price of $2,939,139. The property type mix of listed properties is predominantly Houses at 35%, followed by apartments (24%), and units (13%). The most active agency for houses in the Runaway Bay area is currently Amir Prestige Group, representing 28% of new listings, followed by Ray White with 22%. 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.