54/2 Masthead Drive, Cleveland, QLD 4163 | Property Value & History | OnTheHouse
OFF MARKET

54/2 Masthead Drive
Cleveland QLD 4163

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 29 Jun 2026
Low

High
Save

Property Details for 54/2 Masthead Dr, Cleveland

54/2 Masthead Dr, Cleveland is a 2 bedroom, 2 bathroom Unit with 2 parking spaces.

Building Type
Unit
Local Government
Redland

Last Listing description (October 2023)

Safe & Secure Harbourside Apartment, Walk To Everything!

Proudly positioned on the cusp of Raby Bay and a short stroll to local amenities and conveniences, this spacious light-filled apartment offers spectacular Bayside living. Ideal for "empty nesters", retirees wanting to lock up and travel, young professionals wanting to enjoy their weekends or just a great investment opportunity (currently tenanted with a rental yield upwards of 5.4%), this Harbourside apartment ticks all the boxes.

Perched within the Raby Bay Harbour precinct, you will be spoilt for choice with an array of restaurants, cafes, bars, shops and public transport including bus and rail all within a short stroll. Taking full advantage of its beautiful Bayside location, this apartment features a wide wrap-around balcony and spacious interiors whilst capturing glorious morning sunshine and ample natural light and warmth offering an unmissable place to call home.

- Fantastic convenient bayside location with a wonderful community vibe

- Safe and secure complex accessible by intercom
- Split-system air-conditioning to living and ceiling fans in bedrooms
- Open-plan living and dining adjoin the kitchen and open to the wrap-around verandah - the perfect place to sit with a sun-downer catching the beautiful bay breezes
- Modern gallery-style kitchen complete with stainless steel appliances
- Two built-in bedrooms (with ceiling fans) open onto rear balconies - master with en-suite
- Internal laundry with clothes dryer
- Secure lock-up garaging for 2 cars (tandem) with room for storage
- Five minute walk to Cleveland central with its shopping and wide array of amenities and services
- Short stroll to sandy beaches and acres of parkland and walking trails

Whether a home owner or an investor, you simply can't go past this opportunity to secure a low maintenance property in a sought-after Bayside location.

Property History for 54/2 Masthead Dr, Cleveland, QLD 4163

A timeline of how this property has performed in the market
  • 29 Aug 2023
    Sold for $515,000
  • 10 Jul 2023
    Listed for Sale Offers From $510k Invited
  • 14 Oct 2022
    Listed for Rent $550 pw
Commute Calculator

About Cleveland 4163

The size of Cleveland is approximately 11.7 square kilometres. There are 55 parks, covering nearly 19.2% of the total area. The population of Cleveland in 2016 was 14801 people. By 2021 the population was 15850 showing a population growth of 7.1% in the area during that time. The predominant age group in Cleveland is 60-69 years. Households in Cleveland are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cleveland work in a professional occupation.In 2021, 66.80% of the homes in Cleveland were owner-occupied compared with 62.20% in 2016.

Cleveland has 9,246 properties. Over the last 5 years, Houses in Cleveland have seen a 84.68% increase in median value, while Units have seen a 102.66% increase. As at 31 May 2026:

  • The median value for Houses in Cleveland is $1,463,982 while the median value for Units is $941,959.
  • Houses have a median rent of $795 while Units have a median rent of $630.
There are currently 88 properties listed for sale, and 50 properties listed for rent in Cleveland on OnTheHouse. According to Cotality's data, 475 properties were sold in the past 12 months in Cleveland.

Suburb Insights for Cleveland 4163

Market Insights
Cleveland Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Cleveland Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.