Back 59 Ernest Street
Off Market

59 Ernest Street

Margate QLD 4019

6
3
2
0 m²
405 m²
House
Last sold for $1,730,000
Cameron CullenCameron Cullen, last sold this property on 16 June 2025 after 217 days on market.

Overview

Luxury Family Home with Established Airbnb Income – $4,700/Month

Elevated with stunning water views, this versatile family home also features an established Airbnb business generating an average of $4,700 per month. Whether you're looking for a coastal lifestyle with passive income or a smart investment opportunity, this property delivers. Beautiful high-quality furniture can be included in the sale, making it a seamless transition for new owners. Boasting 6 bedrooms, 4 bathrooms, office and 3 flexible living spaces, this home is ideal for multi-generational families, guest accommodation, or rental income. A self-contained multipurpose retreat at the rear (not a second dwelling) features a kitchenette, bathroom, and private entry, offering additional income potential. Property Highlights: ✔ Established Airbnb with $4,700/month average earnings ✔ Breathtaking water views to Moreton Island ✔ Self-contained multipurpose retreat with kitchenette & private entry ✔ Spacious upstairs European-style kitchen + downstairs kitchenette ✔ Three covered outdoor entertainment decks + private outdoor shower ✔ High ceilings (2.7m downstairs), polished timber floors throughout ✔ Ducted MyAir A/C upstairs + 4 split systems downstairs ✔ Electric gate, huge 2-car carport (3m height clearance) ✔ 6.6kW solar system (5kW inverter, installed 2023) ✔ Master suite with ensuite, walk-in robe & private deck access ✔ Freshly sanded timber decks, easy-care garden Perfectly located just minutes from Redcliffe Lagoon, Suttons Beach, local markets, bars, and cafes, this property offers a rare blend of luxury, income potential, and prime coastal living. Don't miss out—contact us today to secure this turnkey investment!

Features

6 bedrooms
3 bathrooms
2 carspaces
2 garage spaces
0 m² floor area
405 m² lot size
House

Estimated Value

Based on this property and similar 6 bedroom houses sold in Margate over the last 12 months, the estimated median property value of 59 Ernest Street is $1.67m.

Median value
$1.67m
Estimated value range
$1.2m - $3.2m
Median days on market
76
Estimated value trend
20%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Margate. 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 59 Ernest Street

2025
Sold
$1,730,000
16 Jun 2025 by Cameron Cullen, of Image Property Aspley
2022
Rented
Undisclosed
Leased on 02 Mar 2022 by Ray White One Group | Scarborough
2021
Sold
$1,500,000
Private Sale/Treaty on 18 Dec 2021 by Jess Culling, of Ray White One Group | Newport

Happy sellers in Margate

78%
78% of sellers in Margate reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 47 reviews in Margate over the last 12 months.

Local market activity for 6 bedroom houses in Margate

In the last 12 months, 4 six-bedroom houses similar to 59 Ernest Street, have been sold.

This represents a 25% decrease in six-bedroom houses sales when compared to the previous 12 months.

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