Prime development opportunity along Bulcock Beach esplanade

A recognisable and long-held family beach home is on the market for the first time, presenting a rare development opportunity in Caloundra.

Held by the same owners who built it in the 1960s, a landmark waterfront home in the heart of Caloundra has hit the market.

Directly opposite the northern end of Bribie Island with never to be built out water views, the original two bedroom lowset home is one of “only four or five houses left along the esplanade”.

“So they’re becoming very few and far between,” real estate agent Andrew Garland said.

Positioned on a 612m sq block with a 49m street frontage, the property overlooks the Pumicestone Passage and the northern end of Bribie Island.

1 Tay Ave Caloundra, an undeveloped waterfront property in the heart of the CBD is now on the market.

Mr Garland said the “recognisable” property is being sold as a deceased estate.

Noosa beachside mega mansion: Celebrity designer’s dream home for sale

“I understand that the male owner of the property built it in the 60s and the wife has just passed away and now the family are selling it,” he said.

One of the few remaining beachfront houses at Caloundra will go to auction this month.

“So it’s been the beach house for the family forever, never been sold before.”

Zoned tourist accommodation and with a 15 metre building height limit, the iconic block is ripe for development, Mr Garland said.

The property is near restaurants, cafes, shops and beaches.

“You can build shops and residences and mixed use residential, so it has a number of applications, so people are just trying to figure out what they can do with it, before they can estimate how much they’ll pay for it,” Mr Garland said.

“It’s just a matter of people doing their sums on what they can actually do here, to come up with the price they’re prepared to pay.”

Inside Palmer’s plans for mega museum with 1000+ rare cars, motorbikes

Comparable properties in the area include 22 Landsborough Parade in Golden Beach set on a slightly bigger block, which sold for $2.6m in September 2022.

In the centre of the Caloundra CBD, the property is just 200 metres from restaurants, cafes, shops, cinemas, the coastal walkway and beaches.

Mr Garland said people who are familiar with Caloundra are “quite surprised it has come on the market after all these years, but nothing stands still”.

The property has been listed for a week with “reasonable interest” and is going to auction on March 30.