11 Rheuben Tce, Arcadia is a 7 bedroom, 5 bathroom Unit with 3 parking spaces. The property has a land size of 1108m2. While the property is not currently for sale or for rent, it was last sold in December 2022.
A rare opportunity presents in Arcadia - close to Alma Bay is this spacious family or holiday home plus 3 units, all on a large 1108m2 block with the potential to subdivide into two lots (subject to council approval).
Live in one and rent the others, or rent them all either on holiday or long-term rental, you can choose how you wish to make this property work for you.
The two storey home has an enormous back deck, ideal for large family groups, overlooking the pool, with magnificent views to the nearby hills of the National Park. Upstairs is a spacious kitchen-diner which opens onto the back deck and leads through to the lounge which has two doors opening onto another covered deck, so you can take your pick and always find a quiet spot. The master bedroom is also upstairs and opens onto the front deck with an ensuite bathroom which is two-way to the deck - ideal when you have visitors upstairs.
There are both internal and external stairs, with three further bedrooms downstairs plus a fourth bedroom/office area, another bathroom and laundry, plus storage under the stairs. There's plenty of room for parking cars, bikes, kayaks etc in the carport created by the deck above, with another freestanding carport to the left of the double-width driveway.
The three units are all fully self-contained with open-plan kitchen/dining/living, laundry, bathroom and bedroom. They've been popular holiday rental units for many years with regular repeat guests, as has the house, and provide an ideal income for someone who wants to live in the house and keep letting them out. Another option is to have a caretaker in one unit who can manage the whole property for you and you can just come and go as you please, enjoying your holiday home without worrying about the little jobs that always need doing! Each unit would rent long-term for $250-300 per week in the current very tight rental market providing an easy passive income.
A 5kw solar system on the house keeps the bills down and the property is offered fully furnished.
Contact Alex for a private inspection by appointment.
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Property Code: 1289
The size of Arcadia is approximately 5.8 square kilometres. It has 2 parks covering nearly 62.4% of total area. The population of Arcadia in 2016 was 248 people. By 2021 the population was 246 showing a population decline of 0.8% in the area during that time. The predominant age group in Arcadia is 60-69 years. Households in Arcadia are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Arcadia work in a managers occupation.In 2021, 59.40% of the homes in Arcadia were owner-occupied compared with 50.70% in 2016.
Arcadia has 391 properties. Over the last 5 years, Houses in Arcadia have seen a 83.43% increase in median value, while Units have seen a 98.47% increase. As at 31 December 2025:
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