50/1 Grenada Way, Parrearra is a 3 bedroom, 2 bathroom Apartment with 2 parking spaces and was built in 2003. While the property is not currently for sale or for rent, it was last sold in November 2025. There are other 3 bedroom Apartment sold in Parrearra in the last 12 months.
Where spacious design, privacy, and resort-style amenities meet in one of the Sunshine Coast's most desirable Island locations, this beautifully maintained original apartment offers an exceptional opportunity to secure a relaxed lifestyle or investment in the heart of Kawana Island.
Positioned on the third level of the sought-after Leeward Apartments complex, this generous three-bedroom residence enjoys a desirable northeast aspect, inviting in morning light and cooling breezes throughout the day. The apartment is in tidy original condition, offering excellent potential to move in as-is or update over time.
Inside, a thoughtful layout creates a sense of space and separation. The open-plan living and dining area is filled with natural light and flows seamlessly to an expansive covered balcony – perfect for entertaining or simply enjoying the serene surroundings. The kitchen, neat and functional, provides ample bench space and storage, with scope to modernise at your leisure.
• Third level position with direct lift access
• Sunlit northeast-facing balcony for year-round enjoyment
• Generous layout
• Three well-sized bedrooms, master with walk-in robe and large ensuite
• Ducted air-conditioning, separate laundry and generous storage
• Secure, pet-friendly complex with lift access and intercom
• 2 separate basement parking with additional lockable storage
• Wheelchair friendly
Leeward Complex Amenities:
• Resort-style lagoon pool and spa surrounded by tropical gardens
• Two-lane lap pool, gym, sauna, BBQ area and tennis court
• Fully gated community with on-site management and guest parking
Lifestyle and Location:
Perfectly positioned just a short stroll to the Double Bay dining precinct, you'll enjoy easy access to Green Zebra Restaurant, Vrina Mezze Bar, cafes, and waterfront parklands. With over 10km of walking and cycling paths, kayaking, paddleboarding, and beaches nearby, this location offers a relaxed island lifestyle just minutes from everything you need.
Enjoy close proximity to local shopping, the Sunshine Coast University Hospital, quality schools, public transport, and the Sunshine Coast Airport. Whether you're looking for a permanent home, a lock-and-leave coastal retreat, or a smart investment, this property delivers on every level.
Apartments in Leeward are tightly held, and third floor residences like this are rarely offered. The current owners are motivated to sell and ready to meet the market.
Contact us today to arrange your private inspection.
The size of Parrearra is approximately 2.5 square kilometres. It has 14 parks covering nearly 15.9% of total area. The population of Parrearra in 2016 was 4468 people. By 2021 the population was 4661 showing a population growth of 4.3% in the area during that time. The predominant age group in Parrearra is 70-79 years. Households in Parrearra are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parrearra work in a professional occupation.In 2021, 68.90% of the homes in Parrearra were owner-occupied compared with 63.10% in 2016.
Parrearra has 2,299 properties. Over the last 5 years, Houses in Parrearra have seen a 80.71% increase in median value, while Units have seen a 90.53% increase. As at 31 January 2026:
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