40 Deenya Pde, Russell Island is a 3 bedroom, 2 bathroom House with 4 parking spaces and was built in 1996. The property has a land size of 1222m2 and floor size of 75m2.This Property is currently listed for sale with Island Life
Beautiful 1,222m Waterfront Block | Panoramic Views | Dual Living | Lifestyle Opportunity
Positioned on an impressive waterfront allotment, this unique three-level home captures panoramic views across the channel to the mainland and down to Jacobs Well. A rare opportunity offering genuine lifestyle appeal, income potential, and future value.
The home enjoys a commanding outlook over the western side of Russell Island, where every day feels like a holiday.
Property Highlights
Expansive water views with absolute tranquility
Three-storey design with dual-living potential
Self-contained flat on the lower level ideal for guests or holiday letting income
Two bedrooms with built-in robes on the main level
Open-plan living and dining areas with timber-raked cathedral ceilings
Air conditioning for year-round comfort
Walkway to the waters edge perfect for fishing or kayaking
Carport parking
In-ground pool (requires new lining)
The property would benefit from some TLC a wonderful project to enhance a truly special home
This is not just a house its a lifestyle upgrade. Enjoy morning coffees on the deck, quiet evenings overlooking the water, or weekends boating and exploring the islands.
Why Russell Island
Only 20 minutes by ferry to Redland Bay, Russell Island offers a relaxed coastal lifestyle surrounded by nature. The island boasts strong rental demand, increasing property values, and a welcoming community. Wahine Boat Ramp is just minutes away, giving easy access to the waterways and beyond.
Flexible Viewing Options
Jetty pickups available
Private inspections by appointment
Area maps and island tours on request
FaceTime viewings available for interstate or overseas buyers
Contact
Rhys Franz 0482 171 300
Simon Gordon 0448 884 625
Office 07 3409 2288
Website: www.islandlife.au
Island Life REIQ Accredited & Trusted Local Experts
REIQ Small Residential Agency of the Year Finalist 2025
Queensland Business Contribution to Community Finalist 2025
Disclaimer: While every effort has been made to ensure accuracy, prospective purchasers should conduct their own investigations to verify all information provided.
The size of Russell Island is approximately 17.8 square kilometres. There are 64 parks, covering nearly 13.3% of the total area. The population of Russell Island in 2016 was 2836 people. By 2021 the population was 3698 showing a population growth of 30.4% in the area during that time. The predominant age group in Russell Island is 60-69 years. Households in Russell Island are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Russell Island work in a community and personal service occupation.In 2021, 70.30% of the homes in Russell Island were owner-occupied compared with 63.80% in 2016.
Russell Island has 9,388 properties. Over the last 5 years, Houses in Russell Island have seen a 102.80% increase in median value, while Units have seen a 99.83% increase. As at 31 May 2026:
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