The 2,117sqm site is being brought to market by Ray White Special Projects, with the local owners downsizing to a unit in Brisbane.
Located 28 kilometres east of the Brisbane CBD at Main Road, the elevated property features 20 metres of direct street frontage with views stretching across Moreton Bay toward Lota, Manly, Wynnum, and the city skyline.
Zoned Medium Density Residential under the Redland City Council planning scheme, the site offers potential for a range of residential projects, including townhouses, boutique apartments, a small-lot subdivision, or luxury homes (subject to council approval).
Ray White Special Projects director Mark Creevey said premium bayside landholdings held by the same family for a generation rarely come to market in established suburbs like Wellington Point.
"Supply constraints across South East Queensland's coastal pockets continue to drive interest in well-located sites," Mr Creevey 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 property is positioned 400 metres from the Wellington Point Recreation Reserve, home to the local pier, boat ramp, and King Island walk, and 1.7 kilometres from the Wellington Point village retail and dining precinct.
Ray White Special Projects Agent Christopher Czernik-Wojcicki said Redland City's population growth continues to underpin confidence in the local residential sector.
"Redland City remains one of the region’s key growth corridors," Mr Czernik-Wojcicki said.
"Buyers are prioritising locations that offer a balance between lifestyle and access to the CBD.
Sites with flexible zoning in tightly held bayside pockets allow developers to respond dynamically to market demand, whether that means high-end boutique housing or higher-density townhouses."
The site currently features a two-storey residence with five bedrooms, 2.5 bathrooms, three car spaces, an inground pool, and associated sheds, providing potential holding income or temporary use during the planning phase.
