87 Masthead DriveCleveland QLD 4163
Property Details for 87 Masthead Dr, Cleveland
87 Masthead Dr, Cleveland is a 3 bedroom, 3 bathroom House with 3 parking spaces. The property has a land size of 840m2. While the property is not currently for sale or for rent, it was last sold in February 2026. There are other 3 bedroom House sold in Cleveland in the last 12 months.
Last Listing description (February 2026)
Deceptively understated from the street yet exceptional in scale, outlook, and lifestyle, this north-facing Raby Bay waterfront residence captures uninterrupted Bay and sandy beach views, direct canal access, and a private 12-metre pontoon to the rear.
Solidly constructed over two expansive levels with a suspended concrete upper floor, the home is anchored by a striking floating concrete staircase and has been thoughtfully designed to embrace refined waterfront living.
The ground floor opens via double doors into a wide central hallway, revealing a formal sitting room complete with wet bar and a grand dining space framed by soaring ceilings exceeding 6.5 metres. Elegant timber shutters enhance the sense of scale and sophistication throughout.
At the heart of the home is a gourmet kitchen with marble benchtops, walk-in pantry, and breakfast dining area, all overlooking the tranquil canal. The ground level also features a generous king-sized bedroom with its own ensuite, ideal for guests or multigenerational living.
All bathrooms throughout the residence are finished with marble flooring and marble benchtops, reinforcing the home's quality and cohesion.
Upstairs, the master suite offers a private sitting area and covered patio with breathtaking Bay outlooks. A second oversized bedroom with ensuite is complemented by an adjoining office or hobby space and opens onto a canal-facing patio, creating a flexible upper-level retreat.
With tasteful cosmetic enhancements, this residence presents a rare opportunity to transform an unassuming exterior into one of Raby Bay's most impressive waterfront homes.
Please contact us to arrange an inspection or to receive further information.
Property History for 87 Masthead Dr, Cleveland, QLD 4163
- 17 Feb 2026Sold for $3,625,000
- 10 Feb 2026Listed for Sale $3,625,000
- 14 Nov 1998Sold for $725,000
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About Cleveland 4163
The size of Cleveland is approximately 11.7 square kilometres. It has 55 parks covering nearly 19.2% of 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 9,174 properties. Over the last 5 years, Houses in Cleveland have seen a 89.28% increase in median value, while Units have seen a 105.11% increase. As at 30 April 2026:
- The median value for Houses in Cleveland is $1,451,194 while the median value for Units is $929,456.
- Houses have a median rent of $783 while Units have a median rent of $620.
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