93 Penguin Road

Safety Bay WA 6169

For investors and developers, the possibilities are particularly compelling. Retain the character-filled cottage and potentially subdivide the remainder into a triplex development, or remove the existing dwelling and explore the potential for a four-lot development (subject to all relevant approvals). A previous triplex subdivision concept retaining the existing dwelling is available upon request, providing an indication of what may be possible.

The property is currently tenanted at $600 per week, with the tenancy becoming periodic from 30 September 2026, providing rental income while you consider your future plans.

Whether you're looking to invest, renovate, develop or simply secure a substantial parcel of land close to the coast, this is an increasingly rare opportunity in a highly desirable Safety Bay location.

**Features include:**

Stunning Jarrah floors, timber skirting boards and high ceilings
Reverse-cycle split-system air conditioning to the living areas and master bedroom
North-facing front verandah, perfect for enjoying your morning coffee
Retro kitchen with freestanding electric stove, rangehood, overhead cabinetry, fridge recess and breakfast bar
King-size master bedroom and spacious minor bedrooms
Pergola and patio areas ideal for year-round entertaining
Huge backyard with room for a workshop, pool or granny flat, or potential to subdivide (subject to approvals)
Potential ocean views from the rear of the property if developing a two-storey home
Close to the boat ramp, local IGA, pharmacy, library, restaurants, popular cafs and local shops
Stroll to the Safety Bay Foreshore with your kayak and explore the beautiful islands of Shoalwater Islands Marine Park, or enjoy kite surfing at The Pond
Huge 1,012sqm parcel of prime beachside Safety Bay land
R40 zoning with potential for subdivision into up to four lots (subject to all relevant approvals)
Approximate dimensions: 20m frontage x 49.9m depth
Currently tenanted at $600 per week, becoming a periodic tenancy from 30 September 2026
Previous triplex subdivision concept retaining the existing dwelling available upon request

Opportunities offering this combination of land size, zoning and coastal position are becoming increasingly difficult to find. Whether you're looking to develop, invest, renovate or simply secure a large coastal block in one of Safety Bay's most desirable pockets, this property deserves your attention.

You are always welcome to contact Shaun Hogarth from Acton | Belle Property Rockingham & Baldivis for further information regarding this property or to arrange a private inspection outside the advertised home open times.

The description provided is for general information purposes only. Acton | Belle Property Rockingham & Baldivis believes that this information is correct but it does not warrant or guarantee the accuracy of the information. Some photos may have been enhanced for your viewing pleasure. This property may differ from the photos upon inspection. Buyers are asked to undertake independent due diligence investigations and enquiries regarding the property, as no responsibility can be accepted by Acton | Belle Property Rockingham & Baldivis for any information that may be deemed incorrect.