OFF MARKET

5716 Observation Crescent
Hope Island QLD 4212

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Floor area: 379m2
Land area: 1569m2
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Last updated 11 Nov 2024
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Property Details for 5716 Observation Cres, Hope Island

5716 Observation Cres, Hope Island is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 1987. The property has a land size of 1569m2 and floor size of 379m2. While the property is not currently for sale or for rent, it was last sold in September 2023.

Building Type
House
Year Built
1987
Floor Size
379m2
Land Size
1569m2
Local Government
Gold Coast City
Lot/Plan
114/GTP3378

Last Listing description (October 2023)

Embrace the boundless potential of this extraordinary property, ideally situated on a raised 1577m2 lot with sweeping views over the Palms Golf Course. While the existing dwelling presents an intriguing opportunity for renovation, the true allure of this property lies in the chance to reimagine this expansive land into a one-of-a-kind masterpiece that perfectly complements its highly coveted location.

Although the current residence requires significant revitalization, it holds promise for those with a creative vision. Through meticulous planning, you can infuse fresh vitality into this elevated space, fashioning a dwelling that seamlessly aligns with the elegance of its surroundings. Envision the endless horizons: a contemporary architectural gem, a lavish estate customized to your preferences, or a haven of modern comfort that capitalizes on the serene backdrop of the golf course. The elevated vantage point ensures that your vision will encompass the immaculate fairways and capture the serenity that defines this esteemed address.


Large 1,577m* elevated allotment overlooking Palms Golf Course
Formal and informal living options
Spacious living and dining areas
5 bedrooms 3 bath 3 garage with large driveway
Located within short walking distance of The Marine Village

Close proximity to the vibrant heart of the Sanctuary Cove village, this location provides an unparalleled sense of seclusion and tranquility. Embrace a lifestyle that harmoniously merges the best of both realms - the soothing embrace of nature and the convenience of urban living.

The centerpiece of this master-planned enclave is the world-class marina with over 300 berths. Additionally, residents can enjoy two championship golf courses, a Country Club, boutique shops, and a variety of gourmet cafes and restaurants - all within a short buggy ride away. The well-manicured gardens and parks within the Resort contribute to a feeling of safety and security for families. Furthermore, international buyers have the privilege of acquiring property within Sanctuary Cove without the need for Foreign Investment Review Board (FIRB) approval.

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Property History for 5716 Observation Cres, Hope Island, QLD 4212

A timeline of how this property has performed in the market
Last Sold
$2,010,000
13 Sep 2023
Listed for Rent
$1.00k/w
31 Jan 2023
  • 13 Sep 2023
    Sold for $2,010,000
  • 05 Jun 2023
    Listed for Sale Looking For Offers...
  • 17 Jan 2023
    Listed for Rent $1,000 / week
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About Hope Island 4212

The size of Hope Island is approximately 14.2 square kilometres. It has 15 parks covering nearly 21.5% of total area. The population of Hope Island in 2011 was 8,481 people. By 2016 the population was 11,203 showing a population growth of 32.1% in the area during that time. The predominant age group in Hope Island is 60-69 years. Households in Hope Island are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hope Island work in a managers occupation. In 2011, 64.6% of the homes in Hope Island were owner-occupied compared with 67.5% in 2016.

Hope Island has 8,826 properties. Over the last 5 years, Houses in Hope Island have seen a 94.18% increase in median value, while Units have seen a 75.68% increase. As at 31 October 2024:

  • The median value for Houses in Hope Island is $1,472,272 while the median value for Units is $937,383.
  • Houses have a median rent of $1,150 while Units have a median rent of $800.
There are currently 205 properties listed for sale, and 26 properties listed for rent in Hope island on OnTheHouse. According to CoreLogic's data, 648 properties were sold in the past 12 months in Hope island.

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