29 Arkana Drive, NOOSA HEADS

Offered to the market for the first time in over 50 years, this is a rare land-led opportunity in one of Cooloola Hill’s most tightly held and elevated streets, where long-term capital growth has been realised through premium redevelopment and architectural transformation. The existing 3-bedroom home sits on 607sqm and is currently tenanted, offering holding income while plans are considered. The true value lies in the site itself. Its elevation and aspect support a desirable second-storey design outcome, with the potential to capture sweeping views across Lake Weyba and extending to the Noosa River, as illustrated in the indicative imagery. This residential pocket has a defined track record for high-end rebuild performance, with the highest recorded sale in the immediate area achieving approximately $8 million for a newly constructed residence. That result anchors current buyer expectations and highlights the significant upside associated with land acquisition and redevelopment in this street - particularly as original homes continue to make way for architect-designed residences. Surrounding properties reflect this shift, with a growing number of contemporary residences reshaping the immediate streetscape and consolidating value at the upper end of the Noosa Heads market. Demand for elevated Cooloola Hill positions remains strong, driven by local families and interstate buyers prioritising land scarcity, privacy, and proximity to Noosa Junction, Hastings Street, and key lifestyle amenities. A strategic acquisition with clear redevelopment potential, underpinned by proven sales performance and strong buyer demand for new build options in tightly held elevated Noosa precincts. Preferred terms include 30-day settlement and flexible deposit at auction if not sold prior.