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'Pretty hard to come by': vacant block with 18m water frontage hits market

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A rare vacant waterfront block in one of the Coast’s blue-chip suburbs is for sale.

The 728sqm lot has a coveted north-facing aspect and unrestricted deep-water access, with a private pontoon and boat ramp already in place.

The property, at 17 Neerim Drive, Mooloolaba, has a price guide in the low to mid-$3m range and is being sold by Fletcher Riley director Alan Riley.

He said properties on the eastern side of Brisbane Road were very hard to find, let alone a vacant lot with an 18-metre water frontage.

“There’s only four waterfront streets in Mooloolaba that have unrestricted deep-water access, Neerim obviously being one of those,” he said.

“Along with that there’s only a handful that have that north-facing aspect, which is that little strip of Neerim there and Eleanora Avenue.

“So a north-facing deep-water side of Mooloolaba is pretty hard to come by.”

A private pontoon and boat ramp are already in place.

Mr Riley said the block previously had a house on it but it was knocked down earlier this year.

“It had a little old original ’80s house on it, which the current owners knocked down with the intention to build, but they’ve ended up purchasing an already established property that they’ve sort of fallen in love with,” he said.

“This has come to market before they’ve got through to that initial build stage, but they had already knocked the house down in preparation for that.”

He said there was the potential to take the blank canvas and turn it into something spectacular.

House plans and building approvals are already in place.

“There was a recent sale at number 29 Neerim Drive that fetched $6.75m,” he said.

“It’s literally five or six houses up the street and quite a substantial build, but that’s your upside potential there to get in there and build a nice home.”

Related story: Waterfront wonder: $6.75m mansion proves a point

Mr Riley said waterfront properties were in demand in general but he thought buyers were preferring already constructed homes to building their own.

“There’s a bit of hesitation with engaging with builders at the moment, particularly for people that are a bit naive to that side of things that don’t have contacts and anything like that,” he said.

The block is within easy reach of the Mooloolaba tourist strip.

“There is probably a bit more of a push on the finished product side of it as opposed to the blank canvas, build-your-own. That would have been the opposite a couple of years ago when more people were inclined to want to do their own project.

“Now they’ll more happily compromise on the finished product and know that they can walk straight into it and it’s job done.”

He said the buyer of 17 Neerim Drive would be able to build a dream home close to all the amenities Mooloolaba has to offer.

“It’s an outstanding spot. It’s literally on the broad water off the main river, so access out is very easy and direct from there,” he said.

“Obviously being in the heart of Mooloolaba, it’s a pretty extraordinary site.”

Weekend auction results

2/137 Mooloolaba Esplanade, Mooloolaba

On market for $850,000

3 Bed, 2 Bath, 1 Car

Define Property Agents, Jordan Barden

3/3 Juan Street, Alexandra Headland

Sold for $620,000

2 Bed, 1 Bath, 1 Car

Define Property Agents, Ross Cattle and Katie Davies

2/23 Oceanic Drive, Warana

Sold prior to auction for $2,000,000

4 Bed, 2 Bath, 1 Car

Fletcher Riley, Rebecca Fletcher and Alan Riley

29 Sunrise Terrace, Little Mountain

Sold prior to auction for $950,000

4 Bed, 2 Bath, 2 Car, Pool

Ray White Kawana, Dan McNamara and Ryan Cramer

7 Kamala Court, Buderim

Sold for $810,000

3 Bed, 2 Bath, 1 Car, Pool

Ray White, Brodie Rodgers

3 Yindi Street, Buderim

Passed in at $1.7m, on market for $2m-plus

4 Bed, 2.5 Bath, 2 Care, Pool

Town Group, Corey Payne and Bec Cvilikas

20/2 Longwood Street, Minyama

Sold under the hammer for $585,000

3 Bed, 1 Bath, 3 Car

Ray White, Lachie Woods

626 Petrie Creek Road, Rosemount

Sold prior to auction for $1,865,000

5 Bed, 2 Bath, 12 Car

Ray White, Steven Allen

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