723 Old South Head Road

Vaucluse NSW 2030

530 m²

Land

Currently for sale - view listing

Overview

DA Approved Boutique Development Opposite Diamond Bay | Blue-Chip Corner Opportunity

DA Approved Boutique Development Opposite Diamond Bay | Blue-Chip Corner Opportunity Commanding a landmark corner position directly opposite the iconic Diamond Bay Bowling Club, this tightly held property presents a rare opportunity to secure a premium development site with DA approval for six luxury apartments, thoughtfully designed to appeal to the high-demand downsizer market while delivering strong rental yield potential. The property comprises two attached original residences on one title, providing immediate holding income alongside exceptional future upside. Set on a prized 530sqm (approx.) corner block with uninterrupted outlooks across Diamond Bay's manicured bowling greens, the location is second to none. Just moments to Diamond Bay Reserve, scenic clifftop walks, Christison Park and local village favourites including The Botanica and Grumpy Baker, this is a blue-chip Eastern Suburbs address with enduring lifestyle appeal. Key Features: • DA approved for 6 luxury apartments targeting the downsizer market • Designed for strong yield and long-term capital growth • R3 Medium Density zoning | 0.9:1 FSR | 12.5m height limit • Approx. 530sqm corner allotment with dual street frontages (approx. 27m x 27m) • Two existing residences providing holding income • Scope to renovate, landbank or capitalise on approved plans • Positioned in one of Vaucluse's most tightly held and prestigious pockets A rare opportunity to secure a ready-to-go development site in a premier coastal enclave with both immediate income and significant future upside