Waterfront executive home aims to break Hervey Bay suburb’s property price record

A stunning new property in a region often considered one of Queensland’s top retirement destinations has hit the market and is set to break a record for the suburb.

Located in Point Vernon in the Hervey Bay district, 108 Esplanade is listed for offer at more than $2.95 million, nearly four times the median home price of $770,500.

Publicly available real estate records show that the most expensive house to sell in Point Vernon to date changed hands for $1.82 million in December 2024.

108 The Esplanade, Point Vernon

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Another Esplanade property with four bedrooms, three bathrooms and a 1084sq m block sold on February 3, and while the price has not been disclosed, it is understood to have set a new record for the suburb.

But that could change with the sale of 108 Esplanade, which is being marketed by Queensland Sotheby’s International Realty agent Lynn Malone.

108 The Esplanade, Point Vernon

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“Commanding one of the most sought-after waterfront locations on the Hervey Bay Esplanade, this newly completed property offers luxury and luxury living,” the listing says.

“Built by master builder Aspiring Homes, the two-level semi-detached home sits on a 613sq m water front lot, offering stunning views across the turquoise waters of Hervey Bay to World Heritage-listed K’gari.

108 The Esplanade, Point Vernon

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Apartment 108 Esplanade has three bedrooms and three bathrooms and occupies a block of 613sq m.

It also has a heated swimming pool, walk-in bar, media room, and multiple living areas.

The lower level is home to the open plan kitchen, living and dining areas, which open onto the outdoor alfresco area.

108 The Esplanade, Point Vernon

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But there’s not one but two kitchens – and one that boasts its own hidden cooktop.

Also on this floor is an ensuite bedroom, laundry, bathroom and dedicated bar.

108 The Esplanade, Point Vernon

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Upstairs is where you’ll find the master suite with walk-in closet and ensuite, and the second bedroom, also with ribe-in-ribe and ensuite.

Also on this level is a study, media/lounge and covered porch.

108 The Esplanade, Point Vernon

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Outside there is a heated pool with water feature, tropical landscaping, and alfresco kitchen with built-in BBQ and cabinetry.

Other features include a solar system, automatic irrigation, a two-car garage, and ducted air conditioning.

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108 The Esplanade, Point Vernon

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The latest REA Market Trends report shows that the median home price in Point Vernon has increased by a whopping 108.5 percent since the start of the Covid-19 pandemic in early 2020.

Point Vernon is Hervey Bay’s premier waterfront destination, with the Esplanade foreshore stretching 16km.

The nearby Urangan Pier and Great Sandy Straits Marina offer world-class fishing and boating.

K’gari, the world’s largest sand island, is just a 45-minute boat ride away, and Hervey Bay, the world’s first designated Whale Heritage Area, attracts visitors from every winter.

The region has attracted a lot of money from places like the Sunshine Coast and the interstate as people move on from the way of life during the crisis.