Port Douglas home a developers dream

REAL ESTATE

Last updated: 25/07/2017, 08:10:00 (AEST)

This Ferrero Road property in Port Douglas is up for sale. IMAGE: Supplied.

A LANDMARK home in Port Douglas is being offered for sale for the first time since it was built seven years ago. ‘Malabar’ is a majestic Queenslander on 10.7 hectares (over 26 acres) of fully fenced, prime land, with significant development potential.

Malabar is located on the doorstep of Port Douglas, in Ferrero Road, just minutes from the centre of town, yet it offers a discreetly private lifestyle. Distinguished by its pristine landscaping and grand security-coded entry gates, the house sits at the end of a sweeping curved driveway, lined with established trees.

On the way to the house, you pass the large freshwater lagoon, inhabited by a myriad of bird species, including magpie geese, wild ducks and herons. Other species such as Jabirus take up seasonal residence around the lagoon on an annual basis, and Malabar has even been listed on various bird watchers’ websites as a place to visit.

On the other side of the driveway, you can glimpse the mature orchard of citrus and tropical fruits, before arriving at the final turning circle, impressively surrounded by manicured hedges and lawns.

The house itself boasts three double bedrooms, with ensuite, plus a separate office, a huge laundry, wrap around entertainment verandas, a vast open plan living area, with soaring cathedral ceilings, and a fully enclosed and lockable 3-car garage. The garage could even be converted into a full-time caretaker’s accommodation, or an additional bedroom and living space for large families.

In April this year, Douglas Shire Council earmarked the property in the new Town Plan as a ‘residential investigation area’, giving it significant development potential for an astute owner who is able to realise its full value.

As an investment, Malabar represents a grand family home, ready to move into; or a prestige holiday home generating attractive rental returns; all backed-up by its future potential as a residential sub-division for one lucky owner.

For more information click here.