121 Treasure Island Ave, Karragarra Island is a 5 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 678m2. While the property is not currently for sale or for rent, it was last sold in April 2012.
Positioned on a generous 678m block and just a 7-minute walk to the ferry terminal, this two-storey home offers exceptional potential for buyers seeking space, flexibility, and the opportunity to add value.
Designed with dual living in mind, the lower level features a bedroom, lounge, kitchenette, bathroom with shower and toilet, plus a separate laundryideal for extended family, guests, or independent living.
Upstairs, the heart of the home comprises an open-plan lounge, kitchen and dining area, along with three bedrooms and the main bathroom. Front and rear decks provide the perfect spaces to relax, entertain, or enjoy the island lifestyle.
Additional features include a lock-up garage.
While the home does require some work, it presents an outstanding opportunity for renovators, or buyers looking to create their dream island retreat. With its versatile layout, convenient location, and excellent potential, this property is ready for its next chapter.
PLEASE NOTE: NO ENTRY INSIDE THE PREMISES IS PERMITTED
Contact Cassandra on 0408 197 313
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained here is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or mis-statements contained in this document. Prospective purchasers should make their own enquiries to verify the information contained here.
Property Code: 3442
The size of Karragarra Island is approximately 1.0 square kilometres. There are 4 parks, covering nearly 3.0% of the total area. The population of Karragarra Island in 2016 was 204 people. By 2021 the population was 240 showing a population growth of 17.6% in the area during that time. The predominant age group in Karragarra Island is 60-69 years. Households in Karragarra Island are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Karragarra Island work in a professional occupation.In 2021, 83.00% of the homes in Karragarra Island were owner-occupied compared with 79.20% in 2016.
Karragarra Island has 256 properties. Over the last 5 years, Houses in Karragarra Island have seen a 84.98% increase in median value. As at 30 June 2026:
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