Set on 910 m2 (approx.) and on the foreshore with excellent views over the bay and just 50 m to the protected waters of American River. This property can never be built out. Lightly wooded and with an easy opportunity to sympathetically clear elements of the block to allow for the establishment of a superb coastal home (STCC) with million dollar views. Power and sewer connections run along Scenic Drive. Mains water provision for American River is underway and expected to be available later in 2022. This property is a quintessential example of a wonderful life style property in a township which remains largely un-discovered to those in Adelaide and interstate.
The potential development opportunity is clearly significant however, the block will need some thought applied to access from the road as this does have some steepness. Nonetheless, the access solution is completely achievable (as it has been for others along Scenic Drive) allowing for an iconic home that will showcase wonderful sea views nestled among nature with peace and tranquillity.
Just a short stroll to the Oyster Shop, Deck Caf, Post Office and general store or go for a fish with the boat ramp 2 mins from the block. Kangaroo Island has a range of excellent, wineries, restaurants, wine/beer and spirit brewers, pristine beaches and so much more. Just 45 minutes from the mainland by ferry.
The size of American River is approximately 3.7 square kilometres. It has 10 parks covering nearly 13% of total area. The population of American River in 2011 was 215 people. By 2016 the population was 247 showing a population growth of 14.9% in the area during that time. The predominant age group in American River is 60-69 years. Households in American River are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in American River work in a managers occupation. In 2011, 68.5% of the homes in American River were owner-occupied compared with 76.6% in 2016.
American River has 642 properties. Over the last 5 years, Houses in American River have seen a 105.64% increase in median value, while Units have seen a 5.04% increase. As at 31 October 2024:
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