OFF MARKET

Palana Road
Palana TAS 7255

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 400000m2
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Last updated 16 Dec 2024
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Property Details for Lot 5 Palana Rd, Palana

Building Type
Unknown
Land Size
400000m2
Local Government
Flinders

Last Listing description (December 2024)

Lot 5 of the Limestone Bay Conservation Estate is a unique freehold land holding opportunity located within a private conservation estate on Flinders Island, Tasmania. It is one of the most spectacular coastal locations in all of Australia.

The 40 hectare freehold lot has a coastal frontage consisting of approximately 190m of white sandy beach. It is naturally vegetated with endemic coastal flower meadows behind the beach, leading up to eucalyptus forest at the rear of the property. The entire site is teaming with native wildlife. The property and potential building site (STCA) have expansive views of Mount Killiecrankie, the Docks, Green Island and Bass Strait.

The title forms a part of the broader Limestone Bay Conservation Estate, that was established to protect the natural values and biodiversity of the area. The Estate covers a total area of approx. 320 hectares and includes 8 other freehold land holdings.


Becoming a member of the Estate and community means you will be contributing to the protection of this precious landscape and will also give you access to the shared beach outpost, BBQ and dining areas, as well as other recreational and infrastructure utilities. You will be able to explore the Estate in its entirety, via the network of private walking tracks.

The lot has recently installed driveway access to the identified building site (STCA). All properties within the Estate are off grid. Get in touch today to find out more about this truly unique Island opportunity.

Please note not all photos are taken on or from the property.

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Property History for Lot 5 Palana Rd, Palana, TAS 7255

A timeline of how this property has performed in the market
Last Sold
$180,000
03 Aug 2023
  • 27 Nov 2024
    Listed for Sale $795,000
  • 03 Aug 2023
    Sold for $180,000

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About Palana 7255

The size of Palana is approximately 45.9 square kilometres. It has 2 parks covering nearly 6.5% of total area. The population of Palana in 2011 was 447 people. By 2016 the population was 13 showing a population decline of 97.1% in the area during that time. The predominant age group in Palana is 70-79 years. Households in Palana are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Palana work in a trades occupation. In 2006, 20.3% of the homes in Palana were owner-occupied compared with 71.5% in 2011..

Palana has 60 properties. Over the last 5 years, Houses in Palana have seen a 258.48% increase in median value. As at 30 November 2024:

  • The median value for Houses in Palana is $389,914.
There are currently 1 property listed for sale, and no properties listed for rent in Palana on OnTheHouse. According to CoreLogic's data, 2 properties were sold in the past 12 months in Palana.

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