Nicole Hindmarsh is proud to present 52 Peel Parade Coodanup Mandurah to the market - an opportunity rarely found and impossible to ignore.
Positioned directly opposite the sparkling waters of the Peel-Harvey Estuary, this two-storey home sits proudly on one of the area's most tightly held waterfront strips. The location? Absolutely blue-chip. The house? Let's just say… it needs love.
With broken windows and holes in the walls courtesy of departing tenants, this property has certainly earned its reputation as the "worst house on the best street." But for the savvy buyer, renovator, or developer, that's exactly where the magic lies.
Imagine restoring the expansive glass sliding door and stepping out onto your balcony to the stunning water views, sea breezes, and golden sunsets. Picture afternoons watching families swim and crab in the estuary, right across the road. The lifestyle on offer here is exceptional - and the upside is enormous.
Set on an R20 zoned block, the options are equally exciting:
• Retain the home and subdivide at the rear, build a second house or a granny flat
• Remove the existing dwelling and create two prime waterfront lots
(Subject to local council and WAPC approvals.)
Adding even more value, the City of Mandurah has invested approximately $2.5 million upgrading the neighbouring Coodanup Foreshore, with new trails, viewing decks, playgrounds, shelters, seating, and enhanced bird hides protecting 4 migratory species.
Love life on the water? You're spoiled for choice here. With multiple nearby boat ramps, you can head out to the Peel Harvey Estuary, cruise the Serpentine or Murray Rivers, or venture offshore for deep-sea fishing in the Indian Ocean - all just minutes from your doorstep.
And the best part? You don't even need a boat to enjoy a fresh seafood dinner. Simply walk across the road and scoop up Mandurah's famous Blue Manna crabs straight from the estuary (in season and subject to local fisheries regulations). On Wednesday evenings, you'll often spot local net fishers bringing in yellowfin whiting, bream, cobbler, mullet and even the occasional blowfish - a true glimpse of authentic coastal living. With a recreational fishing licence, you can join in too.
Take the dog for a waterfront stroll along the estuary toward the Serpentine River and nearby boat ramps, or wander to the John Street protected bird sanctuary - a breathtaking reserve where the estuary meets the river.
Despite the peaceful, holiday-like setting, you're only 5-10 minutes from Mandurah's town centre, Marina, Foreshore precinct, shopping centres, public and private schools including Mandurah Catholic College, Peel Health Campus, medical facilities, and Mandurah's stunning surf beaches.
Crabbing, fishing, boating, jet skiing, windsurfing, kayaking and endless scenic pathways - it's all right here. It's no wonder this tightly held pocket is highly sought after by both locals and holidaymakers alike.
Additional features of this property:
- Side access for parking the boat, caravan and trailer
- 3.2m x 5.2m shed
- Established fruit trees, the best oranges, mulberry tree and fig trees
- Jarrah staircase with under-stair storage
- Brick home downstairs with timber frame upstairs
- This home is being sold As Is
Location is everything - and this one is undeniable.
Roll up your sleeves, unlock the potential, and reap the rewards.
Opportunities like this don't wait. If you are looking for an entry point waterfront home, or if you wish to discuss the sales process of this property, contact the area specialist Nicole Hindmarsh today 041 581 5156.
This information has been prepared to assist in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, Harcourts Mandurah do not warrant or guarantee the accuracy of the information, or take responsibility for any inaccuracies. Accordingly, all interested parties should make their own enquiries to verify the information
Added 12 February, 2026
Property ID: #L39390092
