OFF MARKET

5/23-25 Madang Crescent
Runaway Bay QLD 4216

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 206m2
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Last updated 2 Sep 2024
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Property Details for 5/23-25 Madang Cres, Runaway Bay

5/23-25 Madang Cres, Runaway Bay is a 3 bedroom, 2 bathroom Townhouse with 2 parking spaces. The property has a land size of 206m2.

Building Type
Townhouse
Land Size
206m2
Local Government
Gold Coast City

Last Listing description (September 2024)

Overlooking a park and the Broadwater, this unique tri-level stand alone villa is situated in a secure boutique waterfront complex of only 6 properties. With no direct neighbours and the park outlook, the sense of space and privacy is apparent from every room. With the added bonus of an elevator, you can enjoy everything each level offers with quality appliances and ample storage space throughout.

The ultimate entertainers delight, the various living areas and outdoor spaces will be sure to impress. The ground floor features an expansive double garage with additional storage, a separate laundry, direct gate access to the park and lift access. There is also a multipurpose room on this floor which flows out onto the outdoor area which could alternatively serve as a 4th bedroom or guest retreat. The central living level features a huge open plan living room and kitchen with adjoining dining room and separate powder room. The top floor has a showstopping master suite with recently renovated ensuite, walk in robe and private balcony, in addition to 2 generous sized bedrooms and main bathroom.


The owners have meticulously cared for the property but are ready for a sea change. Do not miss your opportunity to inspect this wonderful property which is ready to move into immediately.

- Rental appraisal: $1,300 per week

Situated in a suburb renowned as a paradise for boaties, Runaway Bay is bracketed by South Stradbroke Island to the East and a colourful canal system to the West. Plenty of picturesque walking and bike trails border the popular esplanade parklands, plus convenience is assured with amenities such as the Gold Coast Performance Centre, private and public schools and Runaway Bay Shopping Centre all close by. This spacious and low maintenance property combines the ultimate blend of tranquillity and convenience - This won't last long!

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Property History for 5/23-25 Madang Cres, Runaway Bay, QLD 4216

A timeline of how this property has performed in the market
  • 22 Jul 2024
    Listed for Sale Contact Agent
  • 16 Jul 2021
    Listed for Sale Offer from 1,100,000
  • 10 Jun 2021
    Listed for Sale Offer Invited
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About Runaway Bay 4216

The size of Runaway Bay is approximately 5.3 square kilometres. It has 12 parks covering nearly 26.4% of total area. The population of Runaway Bay in 2011 was 8,912 people. By 2016 the population was 9,066 showing a population growth of 1.7% in the area during that time. The predominant age group in Runaway Bay is 60-69 years. Households in Runaway Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Runaway Bay work in a professional occupation. In 2011, 65.2% of the homes in Runaway Bay were owner-occupied compared with 66.5% in 2016.

Runaway Bay has 5,316 properties. Over the last 5 years, Houses in Runaway Bay have seen a 88.18% increase in median value, while Units have seen a 79.67% increase. As at 31 July 2024:

  • The median value for Houses in Runaway Bay is $1,738,775 while the median value for Units is $911,351.
  • Houses have a median rent of $1,000 while Units have a median rent of $660.
There are currently 67 properties listed for sale, and 10 properties listed for rent in Runaway bay on OnTheHouse. According to CoreLogic's data, 256 properties were sold in the past 12 months in Runaway bay.

Suburb Insights for Runaway Bay 4216

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.