A meticulously renovated luxury residence in a tightly-held Coast suburb is garnering steady buyer interest ahead of its auction date.
Described as a “rare listing”, ELITE Lifestyle Properties principal Jordan Lund said prestige family homes of this calibre were hardly ever listed in the La Balsa precinct of Buddina.
“It’s in one of the most prestigious streets in Buddina, in an elevated position that captures both easterly beach views and westerly harbour views,” Mr Lund said of the home at 2 Karkawarri Court.
“Properties like this – fully refurbished inside and out – simply don’t come up often.”
The scarcity factor is particularly pronounced in this pocket.
Mr Lund noted that the last comparable prestige transaction in the immediate enclave was a neighbouring new build that sold in 2023 for $5 million – one of the only high-end sales of a newly built or comprehensively renovated home in the area in recent memory.
Since then, however, Buddina’s top end has surged dramatically.
“In the past few months alone, the high-end market has absolutely jumped,” he said.
“The suburb record was around $7.5 million back in November, and that’s already been broken multiple times, first with an $8.25 million sale and now a $9.75 million result. For the right properties, Buddina is quickly becoming a very well-regarded prestige market.”
The 534sqm four-bedroom, three-bathroom, two-car residence has been meticulously renovated by Luna Constructions, led by John Anderson, with a strong emphasis on maximising its elevated position and outlook. The redesign brings in natural light, cooling sea breezes and expansive views across the marina, Mooloolah River, hinterland and ocean.
Despite being just a few homes back from the beachfront, the property benefits from a quieter setting. It’s removed from the bustle of surf traffic while still offering immediate access to the coastline.
Inside, the home unfolds across multiple levels, serviced by a private lift, making it suitable for a wide range of buyers from families to downsizers seeking luxury without compromise. A series of living zones provides flexibility, while expansive balconies and terraces on every level create multiple spaces for entertaining or relaxing.
The main living area forms the heart of the home, flowing seamlessly to covered outdoor spaces via a well-appointed kitchen complete with a servery window – an increasingly sought-after feature for coastal entertaining. Upstairs, the master suite and guest bedrooms take full advantage of the outlook, with ocean views visible from key vantage points throughout.
Externally, a private pool framed by landscaped gardens offers a more intimate retreat, while the home’s striking facade and stone entry deliver strong street appeal and a sense of arrival.
Mr Lund said the property’s versatility would appeal to a broad buyer pool.
“I can see it as a great family home, a holiday home or a long-term investment,” he said.
“There are very limited prestige options in Buddina, and even fewer where you can capture both harbour and beach views.
“In fact, there aren’t many properties anywhere that offer that combination.”
Its location in a quiet cul-de-sac in the La Balsa and Point Cartwright precinct further strengthens its appeal. Residents are within walking distance of waterfront parklands, coastal pathways, the riverfront and popular cafe destinations, reinforcing the lifestyle proposition that continues to drive demand in the area.
Weekday private viewings are available by appointment and interested parties are encouraged to follow the property online for up-to-date information on open homes in the lead-up to the auction on April 18. An open home is scheduled for Saturday April 4 at 10-10.30am.
