Back 240 Mallawa Drive
Off Market

240 Mallawa Drive

Palm Beach QLD 4221

5
3
5
903 m²
House
Last sold for $3,725,000
Jemma McCabeJemma McCabe, last sold this property on 21 August 2025 after 73 days on market.

Overview

Exceptional Master Built North to Water Home in Palm Beach

Whether it is relaxing beside the sparkling waters of your massive saltwater pool, or enjoying the hot spa by your own sandy beach watching terns dive for fish, feeding swans and pelicans, or sipping a drink whilst enjoying extensive water views to Burleigh Headland from your massive master retreat, this property appeals to those seeking privacy, tranquility and biodiversity on water whilst remaining a short stroll to a vibrant café culture. With a suspended slab, soaring ceilings, with a construction and aspect that offers warm winters and breezy summers. You will never want to leave. Positioned on peaceful sparkling water with excellent neighbours offering privacy thanks to the spaciously setback homes that the southern end of the waterway enjoys, the area abounds with wildlife, including a variety of parrots and honey eaters making the most of a rich supply of native flowers that the low maintenance gardens offer. Diverse marine life makes this special place its home, from rays, to a variety of fish and crabs. With its own sandy beach and access by boat or paddle board to Tallebudgera Creek and the ocean beyond, enjoy everything that this peaceful main canal front home has to offer. Come home after a day on the water fishing or paddling, to a hot outdoor shower. From the moment you walk through the thoughtfully designed covered walkways of this appealing 50 metre long block nearly a quarter of an acre in size, you will be struck by the tranquility of its superb north to water aspect, with the feel of a peaceful country estate only moments from every convenience. Every aspect of this beautifully maintained, low maintenance home has been renovated with high end finishes complementing its solid character filled architecturally designed bones, leaving you time to relax and enjoy everything its excellent location has to offer. The moment you enter the light filled home you are greeted with soaring ceilings and stunning vintage spiral lucite and brass chandeliers. A limestone feature wall with Lopi wood burner graces the main living areas, complemented with bespoke curved oak seating with huge storage drawers. Modern s-fold linen sheers frame the living area windows. Contemporary brand new travertine stone and brass light fittings and fixtures are located throughout the home. Newly installed modern wallpaper feature walls complement the subtle arch forms within, and ornate cornices add interest and character. Every room enjoys an outlook, and bedrooms have modern dressings on their generously sized windows and sliding doors and enjoy white quality custom made Australian shutters. The beautiful natural floor coverings throughout the home allow easy maintenance. The huge master retreat has Australian Chestnut timber floors, whilst the main living spaces have honed Indonesian marble and travertine. Beautiful easy care cedar timber ceilings protect the massive undercover outdoor living space enhancing the natural indoor-outdoor flow of the home. The home has a massive modern light filled kitchen with extensive stone benches for preparation, an Oliveri flushmount sink and a generous walk-in pantry and European appliances. The home has modern bathrooms with off the wall vanities and a brand new laundry. The triple garage has a brand new door and carport area attached with stunning polished concrete floors throughout. The home is accessed via a sliding gate with a brand-new motor as well as a lock coded pedestrian gate for separate access. There are several lockable gates and spaces within the block enabling enhanced security, privacy and options for living, as well as numerous storage options including a huge attic upstairs. A separate attractively renovated large ensuited studio could offer the astute investor the option of a bed and breakfast with its own fall out spaces, complete with water views and an option of separate entry. The home is built with environmental sustainability in mind, with features including a 6Kw solar system, brand new battery backed up Vitron Connect solar smart garden lighting, DC fans throughout, a water tank, fully insulated walls and ceiling, freshly painted roof and a north facing passive solar design that leverages the thermal mass of suspended concrete, reducing the need for artificial heating and cooling. No expense has been spared on this outstanding home. Features: 19m of prized north-to-water frontage with direct canal access 5 spacious bedrooms including a separate self-contained studio 3 modern bathrooms plus outdoor hot shower Oversized 10m x 5m master suite with lounge, ensuite, balcony, and water views Designer kitchen with European appliances, walk-in pantry, and casual dining benches Multiple living and dining zones with custom oak bench seating and Lopi fireplace Bespoke American Oak features and seating with built in storage Travertine, timber, marble, and boucle finishes throughout Genuine travertine light fittings throughout by Mayfair Rhodes Grand entry with soaring ceilings and vintage Lucite & brass spiral chandeliers Brand new Oxford Downs carpets and decorative wallpaper Fire Art Teppanyaki pit on refurbished timber deck 11m saltwater pool and 4-person Byron spa with Bluetooth speakers Landscaped gardens with lighting Split system air conditioning, DC fans, and LED lighting throughout 6kW solar system plus Vitron Energy smart solar garden lights with battery backup Brand new 6x6m carport Quiet location on Mallawa Drive, family-friendly area close to beach, parks, cafes, schools, and the M1 We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein * denotes approximate measurements

Features

5 bedrooms
3 bathrooms
5 carspaces
5 garage spaces
903 m² lot size
House

Estimated Value

Based on this property and similar 5 bedroom houses sold in Palm Beach over the last 12 months, the estimated median property value of 240 Mallawa Drive is $2.69m.

Median value
$2.69m
Estimated value range
$1.52m - $4.7m
Median days on market
34
Estimated value trend
3%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Palm Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 240 Mallawa Drive

2025
Sold
$3,725,000
Private Sale/Treaty on 21 Aug 2025 by Jemma McCabe, of Ray White Malan + Co - Palm Beach
2017
Sold
$1,575,000
19 Jul 2017 by Michael Witt, of Kingfisher Realty
2014
Sold
$975,000
Private Sale/Treaty on 04 Sep 2014 by Martin Radford, of Prince Realty

Happy sellers in Palm Beach

87%
87% of sellers in Palm Beach reported that their sale price either exceeded or met their price expectations.

Palm Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 90 reviews in Palm Beach over the last 12 months.

Local market activity for 5 bedroom houses in Palm Beach

In the last 12 months, 25 five-bedroom houses similar to 240 Mallawa Drive, have been sold.

This represents a 21% increase in five-bedroom houses sales when compared to the previous 12 months.

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