A home with one of the best possible views of the Brisbane coast is up for grabs, and it’s being sought after by both hopeful families and eager developers.

The five-bedroom home at 102 Main Rd, Wellington Point, has hit the market for the first time in 25 years, last sold in 2000 for $802,000.

The home’s value has skyrocketed since that time, with its owners now downsizing after raising their family in the seaside house.

Ray White Special Projects Agent Christopher Czernik-Wojcicki said the house was one of the few in the area with broad views of the water, with other homes partially blocked by the nearby conservation area.

“Compared to other sites or properties in Wellington Point, this has got exceptional views across the Waterloo Bay, across Manley, Wynnum and Brisbane,” he said. “It’s a pretty irreplaceable spot.”

Sitting on 2,117 sqm of land, the home currently contains two bathrooms, three parking spaces and an in-ground pool overlooking the water.

Less than 30km from the city, 1.7km from the retail precinct and just 400m from the Wellington Point Recreation Reserve, the home’s coastal appeal comes without sacrificing access to important needs for the everyday family.

However, the home is also zoned for medium density residential buildings: giving developers with council approval the opportunity to make luxury homes, townhouses or a small lot subdivision on the land.

Ray White Special Projects director Mark Creevey said the combination of interest to owner-occupiers and developers made this a rare home on the market.

“Supply constraints across South East Queensland’s coastal pockets continue to drive interest in well-located sites,” he said

“What makes this holding particularly compelling is the combination of flexible medium-density zoning and immediate access to existing lifestyle infrastructure … developers are actively looking for sites where the end product aligns with strong buyer demand for well-connected, coastal living.”

The home will be going up for auction on September 18.

Originally published as Developers vs. families: the seaside home up for sale that’s perfect for both

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