Just listed for sale is the last vacant acreage in this prestige estate. The property features it's own rear direct access to the Gap Beach Road perfect for anyone who enjoys fishing, surfing and nature. The frontage to Palm Grove has a scenic rainforest gully flowing down from the nearby National Park perfect to relax and check out the local flora and fauna. The land has been tastefully cleared to showcase the north aspect and home sites on offer. There are only 14 properties who enjoy the address of this quiet leafy cul-de-sac. This is the final chance to build your choice of home in this much admired one hectare lot subdivision.
The size of Arakoon is approximately 24.9 square kilometres. It has 4 parks covering nearly 93.5% of total area. The population of Arakoon in 2011 was 513 people. By 2016 the population was 406 showing a population decline of 20.9% in the area during that time. The predominant age group in Arakoon is 60-69 years. Households in Arakoon are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Arakoon work in a trades occupation. In 2011, 84.5% of the homes in Arakoon were owner-occupied compared with 84.2% in 2016.
Arakoon has 321 properties. Over the last 5 years, Houses in Arakoon have seen a 75.35% increase in median value, while Units have seen a 59.61% increase. As at 31 October 2024:
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