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Sold on 07 Dec 2023 for $2,275,000

47 Memorial Avenue
Maroochydore QLD 4558

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Land area: 670m2
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Property Details for 47 Memorial Ave, Maroochydore

Building Type
Land
Land Size
670m2
Local Government
Sunshine Coast Regional
Lot/Plan
2/M56713

Last Listing description (December 2023)

Nestled in the heart of the beloved Cotton Tree, 47 Memorial Avenue stands as an iconic parcel of land, remaining untouched by the market for an impressive 28 years. This location is revered by locals and recognized as one of the most coveted spots on the Sunshine Coast. Offering a rare opportunity with its vacant land, this property holds immense potential and possibilities for a variety of pursuits.

Currently zoned as a medium-density residential zone, the site boasts a guaranteed duplex or the potential for constructing up to 5 units for optimal yield, reaching a height of 12 meters. This exceptional feature positions this property as one of the most enticing offerings to grace the market in recent years. With the new town plan about to be released in 2024 there is a very high chance these height limits are going to increase.

Convenience is at its peak with a mere flat 1-minute stroll to the Cotton Tree river, an array of charming restaurants, inviting cafes, a swimming pool, and tennis courts. Just a swift 3-minute stroll lies the picturesque Maroochydore beach, the library, a medical center, and the bustling Main Street. The sheer accessibility to such a vibrant array of amenities makes this location a dream come true for any prospective resident or investor.

The land, spanning an area of 670m2, faces due North, presenting an ideal orientation for optimal sunlight and design opportunities. Remarkably, it is free from easements and enjoys the company of remarkable neighbors, enhancing the overall appeal of the parcel.

The value of land in such iconic locations is expected to soar with the impending development of the new Maroochydore CBD and the planned esplanade upgrades. The time to seize this promising opportunity is now, especially as the sellers have already secured another property and are in need of an immediate sale.

This property caters to a spectrum of ambitions, whether it's the astute investor, the visionary developer, or an individual seeking to create their dream home in a location that seems almost surreal in its allure.

Anticipate an escalation in land value with the ongoing enhancements in the area, making this opportunity too precious to overlook. For further information or to receive a comprehensive information package, don't hesitate to contact one of our friendly home team members, who will be delighted to assist.

"Find out where the people are going and buy the land before they get there"

William Penn Adir.

WHAT WE LOVE...

Highly sought after location

Idealistic development opportunity

Expanding area with the potential for height limits to increase

Easement free parcel of land

North facing orientation

Build your dream HOME

Short, flat walk to absolutely everything...

Beach: 500m

Cotton Tree Township: 400m

Sunday markets: 400m

Upcoming Maroochydore CBD: 600m

Sunshine Plaza: 1km

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Property History for 47 Memorial Ave, Maroochydore, QLD 4558

A timeline of how this property has performed in the market
Last Sold
$2,275,000
07 Dec 2023
  • 07 Dec 2023
    Sold for $2,275,000
  • 15 Nov 2023
    Listed for Sale Not Disclosed
  • 07 Sep 2021
    Transferred for $1,025,000
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About Maroochydore 4558

The size of Maroochydore is approximately 12.6 square kilometres. It has 31 parks covering nearly 17% of total area. The population of Maroochydore in 2011 was 14,445 people. By 2016 the population was 16,764 showing a population growth of 16.1% in the area during that time. The predominant age group in Maroochydore is 20-29 years. Households in Maroochydore are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Maroochydore work in a professional occupation. In 2011, 50.4% of the homes in Maroochydore were owner-occupied compared with 49% in 2016.

Maroochydore has 14,395 properties. Over the last 5 years, Houses in Maroochydore have seen a 77.11% increase in median value, while Units have seen a 77.91% increase. As at 31 August 2024:

  • The median value for Houses in Maroochydore is $1,115,144 while the median value for Units is $834,974.
  • Houses have a median rent of $720 while Units have a median rent of $650.
There are currently 162 properties listed for sale, and 94 properties listed for rent in Maroochydore on OnTheHouse. According to CoreLogic's data, 723 properties were sold in the past 12 months in Maroochydore.

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