Positioned on one of Fannie Bay's most prominent and tightly held corners, 2 Parsons Street presents an extraordinary opportunity to secure a substantial 1,270 square metre parcel in one of Darwin's most prestigious coastal neighbourhoods. Occupying the prime intersection of Parsons Street and Ross Smith Avenue, this landmark site sits diagonally opposite the Parap Swimming Pool and Tennis Courts and only moments from the Darwin Turf Club, making it an address that perfectly blends lifestyle, convenience and long-term value.
From your front gate, you can wander to the much-loved Darwin Sailing Club and Darwin Trailer Boat Club for sunset dinners on the water, with Silks Darwin just near the end of the street for relaxed social gatherings and community events. Morning coffees at the Cool Spot, weekend strolls through the Parap Markets and easy access to some of Darwin's finest primary and secondary schools are all part of daily life here. The property also falls within the highly sought-after Darwin High School catchment, further enhancing its appeal for families and investors alike.
Recently rezoned from Low Density Residential to Low-Medium Density Residential under Planning Scheme Amendment PA2023/0291, the block offers genuine development flexibility. A preliminary assessment by Tatam Planning Co. has identified multiple potential pathways, including a freehold subdivision into three lots, a three-lot layout incorporating a duplex site to create four dwellings, two duplex sites delivering four dwellings, or a strata configuration for four residences, all subject to council approval. Concept drawings are available to interested parties, providing a clear vision for what could be achieved.
Adding immediate liveability to the long-term upside is a beautifully maintained elevated home in excellent condition. Inside, polished cypress pine floors and fresh paint completed at the end of 2025 create a warm, welcoming feel, complemented by a modern kitchen and bathroom renovated in 2021 and new air conditioning throughout. Outdoors, the home is framed by neat landscaping and a large inground swimming pool, offering the perfect Territory lifestyle.
Whether you choose to move in and landbank, renovate further, lease for income or unlock the development potential straight away, this is a rare blue-chip holding with options in every direction. Opportunities of this scale and zoning in Fannie Bay are exceptionally scarce.
