46 Leyte Ave

Palm Beach QLD 4221

508 m²

House

Currently for sale - view listing

Overview

Lifestyle, Location & Development Potential

Tucked into one of Palm Beach's most walkable pockets, this tidy three bedroom home offers a rare combination of an incredible beach lifestyle today and massive potential for tomorrow. Prime Location Leave the car at home, this address puts the very best of the southern Gold Coast right at your doorstep. Steps to patrolled and dog -friendly beaches, Currumbin Creek, and Palm Beach Parklands. Short drive to Burleigh Heads National Park and Currumbin Valley Rock Pools and Cougal Cascades. Stroll to trendy cafes, restaurants, farmers markets, medical services and the Pines Shopping Centre. Located in the prized PBC High school catchment area and short walk to the newly built Palm Beach Aquatic Centre. Coolangatta Airport is only a short 10 min drive away. Close to M1 - 70 min drive to Brisbane, 35 mins to Surfers Paradise and 50 mins to Byron Bay. The Opportunity Comfortable and practical inside and out, with a fully fenced yard and double lock up carport, this is a solid lifestyle buy in a high-demand suburb that continues to outperform the market. Live in as-is, lease out long-term to reliable tenants, or run a high-return short-term holiday rental while you draw up development plans. Zoned Medium Density Residential, the property presents an exciting high-yielding development opportunity or land-banking asset for those looking to explore its future potential. The expansive flat backyard offers immediate scope to add a value-boosting pool or granny flat for dual income, while the zoning unlocks exciting future options to clear and build luxury duplexes (STCA). Whether you're seeking to capitalise on the site's existing use, renovate and enhance, or investigate redevelopment options (STCA), this is a property with genuine scope to add value in one of Palm Beach's tightly held and increasingly sought-after pockets. Featuring: - Multiple living areas tiled and airconditioned lounge and dining area - Three good sized bedrooms with fans, third with air conditioning - Bathroom with separate shower and bathtub - Covered outdoor entertaining area - Fully fenced front and large rear yard - Double lock up carport - Flexible holding options - Strong short and long-term rental history available on request - Rental Appraisal: $1,100 per week - Water Rates: $1,648.64 approx per annum