723 Old South Head RoadVaucluse NSW 2030
Property Details for 723 Old South Head Rd, Vaucluse
Last Listing description (June 2026)
DA Approved Boutique Development Opposite Diamond Bay | Blue-Chip Corner Opportunity
Commanding a landmark corner position directly opposite the iconic Diamond Bay Bowling Club, this tightly held property presents a rare opportunity to secure a premium development site with DA approval for six luxury apartments, thoughtfully designed to appeal to the high-demand downsizer market while delivering strong rental yield potential.
The property comprises two attached original residences on one title, providing immediate holding income alongside exceptional future upside.
Set on a prized 530sqm (approx.) corner block with uninterrupted outlooks across Diamond Bay's manicured bowling greens, the location is second to none. Just moments to Diamond Bay Reserve, scenic clifftop walks, Christison Park and local village favourites including The Botanica and Grumpy Baker, this is a blue-chip Eastern Suburbs address with enduring lifestyle appeal.
Key Features:
DA approved for 6 luxury apartments targeting the downsizer market
Designed for strong yield and long-term capital growth
R3 Medium Density zoning | 0.9:1 FSR | 12.5m height limit
Approx. 530sqm corner allotment with dual street frontages (approx. 27m x 27m)
Two existing residences providing holding income
Scope to renovate, landbank or capitalise on approved plans
Positioned in one of Vaucluse's most tightly held and prestigious pockets
A rare opportunity to secure a ready-to-go development site in a premier coastal enclave with both immediate income and significant future upside
Property History for 723 Old South Head Rd, Vaucluse, NSW 2030
- 23 Jan 2026Listed for Sale Contact Agent
- 02 Aug 2024Sold for $5,700,000
- 10 Jul 2024Listed for Sale Sold Prior to Auction
Recent sales nearby
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0About Vaucluse 2030
The size of Vaucluse is approximately 3.1 square kilometres. There are 16 parks, covering nearly 27.0% of the total area. The population of Vaucluse in 2016 was 9337 people. By 2021 the population was 9510 showing a population growth of 1.8% in the area during that time. The predominant age group in Vaucluse is 10-19 years. Households in Vaucluse are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Vaucluse work in a professional occupation.In 2021, 71.50% of the homes in Vaucluse were owner-occupied compared with 70.70% in 2016.
Vaucluse has 4,580 properties. Over the last 5 years, Houses in Vaucluse have seen a 17.65% increase in median value, while Units have seen a 15.35% increase. As at 30 June 2026:
- The median value for Houses in Vaucluse is $8,903,901 while the median value for Units is $1,515,093.
- Houses have a median rent of $3,300 while Units have a median rent of $975.
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