29 Arkana Drive

Noosa Heads QLD 4567

One of the few positions at this price point with views, ideal for a luxury home redevelopment in central Noosa Heads.For the first time in over half a century, this elevated Cooloola Hill site is being offered to the market. At 607sqm, with aspect and elevation that support a commanding second-storey design outcome, the potential to capture sweeping views across Lake Weyba and the Noosa River is yours to unlock. The natural gradient is far more moderate than buyers often anticipate, creating a highly practical and usable setting.The existing 3-bedroom home is tenanted until November 2026, providing holding income while you plan your next move, whether that's land banking, an owner-builder project, or securing your principal place of residence in one of Noosa's most tightly held streets. The numbers speak for themselves. The highest recorded sale in the immediate area achieved approximately $8 million for a newly constructed residence. Original homes here are steadily making way for architect-designed builds, and every site that transacts tightens supply further. This is one of the last opportunities to enter at land value before that window closes entirely.Surrounding properties are already reshaping the streetscape, with contemporary residences commanding upper-market results and consolidating value for those who moved early. Demand for elevated Cooloola Hill positions remains unrelenting, driven by local families and interstate buyers who understand that land scarcity, privacy, and proximity to Noosa Junction and Hastings Street don't come around twice.Preferred terms include a 30-day settlement with flexible deposit arrangements available.