A luxury resort-style waterfront mansion with the potential to earn $100,000-$120,000 annually while you live on the property.
Set on an impressive 4,239sqm waterfront block with approximately 40m of water frontage, 78 Rivertree Avenue offers a rare combination of lifestyle, space and income potential in the sought-after River Downs estate.
Recently renovated, the six-bedroom, four-bathroom property offers genuine dual living, with a fully self-contained three-bedroom plus multi-purpose room residence occupying the entire upper level, complete with its own private entrance. Ideal for multi-generational families or independent living for family members, it also opens the door to multiple income streams.
The remainder of the home offers generous living and entertaining spaces, including a games room, gym room, plus cinema/karaoke room. With the flexibility to enjoy the property as a large family residence or explore holiday rental income, buyers can potentially live in one part while generating income from the other. The potential annual income is $100,000-$120,000, subject to use, occupancy and rental performance.
Outside, enjoy the waterfront setting, private pontoon, swimming pool, sauna, floodlit tennis court, established gardens and large shed. There is also potential to add an additional dwelling or granny flat, subject to council approval.
The property also features a dual driveway entrance, secure electric gates and an impressive porte-cochère, creating a grand arrival while providing convenient, secure access to the home.
Live in it. Earn from it. Or bring the whole family together.
An opportunity of this scale, flexibility and waterfront position is rarely available in River Downs.
• 40m* frontage with pontoon + direct boating access
• Renovated family home with multiple living zones
• 3 bedroom plus MPR self-contained residence
• Games room
• Gym room
• Cinema and karaoke room
• Pool, sauna, fire-pit + outdoor entertaining
• Full-size floodlit tennis court
• Ample secure parking
• Large shed for vehicles
• Room for granny flat / second dwelling (STCA)
***Disclaimer: We have, in preparing this information, used our best endeavours to ensure that the information contained herein is true and accurate; however, we accept no responsibility and disclaim all liability for any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. *Denotes approximate measurements.
Some marketing images may include virtual furniture, enhancements or digital alterations where applicable. These are provided as a visual guide only and may not reflect the property's current presentation. Interested parties should rely on their own inspection.
