RateMyAgentGo to search
Back 65 Banana Street
Active

65 Banana Street

Redland Bay QLD 4165

4
2
5
1618 m²
House
Currently for sale - view listing

Overview

Exceptional Development Site with Waterfront Potential

Positioned on a substantial 1618m² allotment in the heart of Weinam Creek, 65-67 Banana Street presents an exceptional development opportunity with outstanding long-term potential. Whether you´re looking to hold and earn strong rental returns from the existing property or capitalise on the site´s future by developing a seven-storey unit complex (STCA), this is a rare chance to secure a blue-chip investment in one of Redland Bay´s most exciting growth corridors. This visionary precinct will feature a vibrant mix of residential, retail and community spaces, including restaurants, cafés, a supermarket and other modern amenities—all designed to activate the foreshore and enhance liveability for residents and visitors alike. The site features a four-bedroom and two-bathroom home currently leased at $620 per week, providing a solid holding income. Adding further value are 22 on-site car parks, each rented at $150 per month, delivering additional consistent revenue. This combined income stream makes the property a compelling proposition for investors seeking both immediate cash flow and substantial future growth potential. Offering excellent waterfront potential, this site is zoned for redevelopment and set to benefit from upcoming infrastructure improvements in the area. With its generous land size and premium location, the possibilities here are endless—create a multi-unit development, landbank for future growth, or continue enjoying strong income while planning your next move. Conveniently located just moments from the Redland Bay Marina and ferry terminal, you´re also only a short 10-minute stroll to Redland Bay Village, home to Woolworths, cafés, takeaways, and the iconic Redland Bay Hotel. Families will appreciate the close proximity to highly regarded schools including Redland Bay State School, Kimberley College and Calvary Christian College, while Victoria Point Shopping Centre is only 12 minutes away for even more retail and dining options. - Large 1618m² block with redevelopment zoning - Potential for seven-storey unit complex (STCA) - Prime location in Weinam Creek growth area - Strong rental returns and investment upside - Walk to marina, shops, cafes, and transport - Close to schools and major shopping centres Call Josh Sherwood & Joel Stephenson today

Features

4 bedrooms
2 bathrooms
5 carspaces
5 carport spaces
1618 m² lot size
House

Happy sellers in Redland Bay

91%
91% of sellers in Redland Bay reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 194 reviews in Redland Bay over the last 12 months.

Local market activity for 4 bedroom houses in Redland Bay

In the last 12 months, 176 four-bedroom houses similar to 65 Banana Street, have been sold.

This represents a 17% increase in four-bedroom houses sales when compared to the previous 12 months.

RateMyAgent
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsSitemap