22 Penguin Parade, Burleigh Waters, QLD 4220

Investment Highlights:

Airbnb Holiday Rental Appraisal: Projected annual revenue of ~$300,000 based on 85% occupancy, significantly above average due to the property's prime location, versatile layout, and desirable amenities.

Exceptional Location: Only 1 km from Burleigh Beach and within walking distance to James Street's popular shops, cafes, schools, and restaurants.

Versatility: Maintain its current setup for rental income or convert it into a spacious family residence with minimal modifications.

Property Overview:

This unique waterfront property, set on an expansive 895m? block with an impressive 40-meter water frontage on Pelican Lake, offers a desirable investment opportunity.

Located just a 10-minute walk to Burleigh Beach, this home perfectly positions itself to capture both rental income and lifestyle appeal.

Key Features:

Dual Living Layout: Designed for flexibility and maximum rental potential, the property includes three separate accommodation areas: an upper level, a lower level, and a detached retreat.

Upper Level: Features a distinctively pitched roof, a master bedroom with ensuite and walk-in robe, a second bedroom (both with balcony access), and a renovated bathroom with a bathtub. The open-plan kitchen and living space flow seamlessly onto a spacious, covered deck with an outdoor kitchen, perfect for entertaining against a backdrop of lake and mountain views.

Lower Level: Currently tenanted, this level includes a queen bedroom, bathroom, laundry, full kitchen, dining room, and a large open lounge that extends onto a covered deck overlooking lush gardens and the waterfront.

Detached Retreat: Also tenanted, this private retreat features a kitchenette, bathroom, and laundry, along with a secluded courtyard entrance, ideal for guest accommodation, a home office, or a teenager's hideaway.

Outdoor and Additional Features:

Landscaped gardens

Water frontage suitable for kayak or boat access, enhancing the lakefront lifestyle

Additional Property Details:

Land Size: 895m?

Waterfrontage: 40 meters

Total Bedrooms: 4, including detached retreat

Total Bathrooms: 4

Parking: 4 off-street spaces

This waterfront property combines high-income potential and Burleigh lifestyle appeal, making it a rare and versatile investment opportunity in one of the Gold Coast's most sought-after areas.