Back 302/20 River Street
Off Market

302/20 River Street

Mackay QLD 4740

2
2
1
Apartment
Karen NelsonKaren Nelson, last sold this property on 16 January 2026 after 72 days on market.

Overview

A Perfect Investment Opportunity or a Place to Call Home

Welcome to Lanai Riverside Apartments, where comfort meets convenience in the heart of Mackay. Wake up to river views every morning, enjoy lazy strolls along the Cathy Freeman boardwalk, dinner at a nearby restaurant, or a casual BBQ around the resort style swimming pool with family and friends. Not only is this a family friendly, well maintained apartment designed with modern day living in mind, but also a perfect passive investment opportunity with options for short-term and permanent letting. Any astute Investor looking for a fully furnished apartment with high occupancy "should look no further"! Generating $71,710 gross income and $48,407 net return (excluding strata management) for the period 1 October 2024 to 30 September 2025, this apartment has consistently performed as one of the top earners within the holiday letting pool. ________________________________________ Key Highlights ⢠Flexible ownership options: occupy, lease long-term, or continue short-stay letting ⢠Professionally managed onsite with proven occupancy and repeat guest demand ⢠3rd floor position with limited Pioneer River views ⢠Zero setup costs â ready for immediate occupancy or investment ________________________________________ Apartment Features ⢠Spacious open-plan living and dining opening to a private balcony ⢠Modern kitchen with caesarstone benchtops, stainless steel appliances, and ample storage ⢠Two generous bedrooms including master suite with ensuite and walk-in robe ⢠Second bathroom with quality fittings and caesarstone finishes ⢠Washer and dryer located in second bathroom ⢠Mitsubishi ducted reverse-cycle air conditioning for year-round comfort ⢠Elegant, quality furnishings and décor throughout ________________________________________ Resort Facilities ⢠20m resort-style swimming pool with tropical surrounds ⢠Fully equipped gymnasium and sauna ⢠Outdoor BBQ and entertainment areas ⢠Secure undercover parking for one vehicle ⢠CCTV, key-swipe access, dual lifts, and professional onsite management ⢠Conference and meeting facilities available for residents and guests ________________________________________ Prime Riverside Location Perfectly positioned in Mackayâs Bluewater Quay precinct, Lanai Riverside Apartments offer direct access to: ⢠Caneland Central Shopping Centre ⢠Bluewater Lagoon and Pioneer River walking trails ⢠CBD restaurants, cafés, and entertainment venues ⢠Major business and medical precincts ________________________________________ The Complete Package Whether youâre seeking a high-performing investment, a centrally located residence, or a lock-up-and-leave home base, this 3rd-floor apartment combines financial strength with resort style living. Its proven performance and prime riverside location make it a standout opportunity in the Mackay market. Contact us today to arrange your private inspection or discuss letting options. ________________________________________ Disclaimer: In preparation of information for this listing we used our best endeavours to ensure that the information contained herein is true and correct but accept no responsibility and disclaim all responsibility 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. ID:21164154

Features

2 bedrooms
2 bathrooms
1 carspace
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Mackay over the last 12 months, the estimated median property value of 302/20 River Street is $415k.

Median value
$415k
Estimated value range
$310k - $510k
Median days on market
46
Estimated value trend
17%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Mackay. 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 302/20 River Street

2026
Sold
Undisclosed
Private Sale/Treaty on 16 Jan 2026 by Karen Nelson

Happy sellers in Mackay

96%
96% of sellers in Mackay reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 33 reviews in Mackay over the last 12 months.

Local market activity for 2 bedroom apartments in Mackay

In the last 12 months, 18 two-bedroom apartments similar to 302/20 River Street, have been sold.

This represents a 34% increase in two-bedroom apartments sales when compared to the previous 12 months.

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