59 Ernest StreetMargate QLD 4019
Property Details for 59 Ernest St, Margate
59 Ernest St, Margate is a 6 bedroom, 3 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 405m2 and floor size of 243m2. While the property is not currently for sale or for rent, it was last sold in June 2025. There are other 6 bedroom House sold in Margate in the last 12 months.
Last Listing description (August 2025)
Elevated with stunning water views, this versatile family home also features an established Airbnb business generating an average of $4,700 per month. Whether you're looking for a coastal lifestyle with passive income or a smart investment opportunity, this property delivers. Beautiful high-quality furniture can be included in the sale, making it a seamless transition for new owners.Boasting 6 bedrooms, 4 bathrooms, office and 3 flexible living spaces, this home is ideal for multi-generational families, guest accommodation, or rental income. A self-contained multipurpose retreat at the rear (not a second dwelling) features a kitchenette, bathroom, and private entry, offering additional income potential.Property Highlights: Established Airbnb with $4,700/month average earnings Breathtaking water views to Moreton Island Self-contained multipurpose retreat with kitchenette & private entry Spacious upstairs European-style kitchen + downstairs kitchenette Three covered outdoor entertainment decks + private outdoor shower High ceilings (2.7m downstairs), polished timber floors throughout Ducted MyAir A/C upstairs + 4 split systems downstairs Electric gate, huge 2-car carport (3m height clearance) 6.6kW solar system (5kW inverter, installed 2023) Master suite with ensuite, walk-in robe & private deck access Freshly sanded timber decks, easy-care gardenPerfectly located just minutes from Redcliffe Lagoon, Suttons Beach, local markets, bars, and cafes, this property offers a rare blend of luxury, income potential, and prime coastal living.Don't miss outcontact us today to secure this turnkey investment!
Property History for 59 Ernest St, Margate, QLD 4019
- 17 Jun 2025Sold for $1,730,000
- 11 Nov 2024Listed for Sale For Sale
- 31 Jan 2024Listed for Sale For Sale
Recent sales nearby
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About Margate 4019
The size of Margate is approximately 2.6 square kilometres. It has 12 parks covering nearly 6.8% of total area. The population of Margate in 2016 was 7405 people. By 2021 the population was 7575 showing a population growth of 2.3% in the area during that time. The predominant age group in Margate is 50-59 years. Households in Margate are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Margate work in a professional occupation.In 2021, 56.70% of the homes in Margate were owner-occupied compared with 53.20% in 2016.
Margate has 4,153 properties. Over the last 5 years, Houses in Margate have seen a 103.76% increase in median value, while Units have seen a 105.74% increase. As at 30 November 2025:
- The median value for Houses in Margate is $974,190 while the median value for Units is $843,894.
- Houses have a median rent of $600 while Units have a median rent of $520.
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