The offering, 147 McAllisters Road, Bilambil Heights, is a truly rare and large-scale R1 General Residential-zoned parcel with jaw-dropping, never-to-be-built-out views of the Gold Coast skyline and ocean beyond.
Set across a sprawling elevated landscape and 15 minutes from Gold Coast Airport, this future masterplanned community site is being offered to the market for the first time in over half a century.
“This is a truly exceptional property that epitomises a master plan community with awe-inspiring views,” said Ryan Langham. “It really is an unparalleled opportunity that developers dream of.”
Zoned for residential development, the site is primed for a masterplanned subdivision of between 700-1,000 lots - each with the potential for uninterrupted coastal and city skyline vistas, an offering virtually unmatched outside of oceanfront apartment towers.
“With housing crisis headlines a constant in the media, it’s an incredible feeling to know we are playing a small part in contributing to the solution. As a beloved generational asset, the family has made the heartfelt decision to bring the property into the modern era and allow a visionary developer to create a sanctuary for many families for generations to come," Nathan Huxham said.
The site is currently owned by Monowai Pty Ltd & Kirra Investment Pty Ltd, who acquired the land in 1969. The property has a deep-rooted legacy, having only ever been held by two families since the early 1800s.
It has long been cherished by the current owners, with sweeping views where 'you can sit under the Milky Way at night and watch the sun rise and fall over the Surfers Paradise skyline'. This natural beauty is complemented by unmatched convenience, with all major amenities within a short 15-minute drive, blending serenity and accessibility like few other locations can.
The market fundamentals are also compelling. The regional NSW housing market experienced 50 per cent growth since the pandemic. The Tweed Valley region has also recently ranked first in 12 month value growth, according to the Hedonic Home Value Index, with a 9.5 per cent increase.
“This property is extremely well-timed and will be well-received by the market,” said Mr Langham.
“We had an overwhelming response from developers in our recent EOI campaign for the 10ha North Star Holiday Resort. There’s a high level of interest from developers as well as the local council who are acutely aware of the housing shortfall.”
“This opportunity is as rare as hen’s teeth,” said Mr Huxham. “The housing and employment opportunities, as well as the infrastructure upgrades this project will bring to the region, are game-changing.”
