Ocean Reef at a glance
9,002
People
$1,495,000
Median sale
$960/wk
Median rent
3.34%
Suburb gross yield
Median sale from 45 recorded sales (last 12 months) — a Districts calculation.
WA › Ocean Reef › Mainsail Dr
$2,200,000
Last sold
13 Aug 2025
5
Bedrooms
3
Bathrooms
2
Car spaces
1,134 m²
Land
287 m²
Building
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$2,200,000
13 Aug 2025 · derived via latest_sale
Local land rate: recorded House sales in Ocean Reef (last 5 years) with land size have a median of $1,919/m² of land (n=102). Districts calculation from recorded sales — not a valuation.
Ocean Reef at a glance
9,002
People
$1,495,000
Median sale
$960/wk
Median rent
3.34%
Suburb gross yield
Median sale from 45 recorded sales (last 12 months) — a Districts calculation.
Vs Ocean Reef
+47.2%
Median sale
Suburb $1,495,000
-1.07 pp
Gross yield
Suburb 3.34%
Suburb median $1,495,000 from 45 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
WAWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 1,134 m² — that is not official geometry. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $960/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 1,134 m² — that is not official geometry.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Ocean Reef at a glance
9,002
People
$1,495,000
Median sale
$960/wk
Median rent
3.34%
Suburb gross yield
Median sale from 45 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Professionals Carroll Property GroupWelcome to 23 Mainsail Drive, Ocean Reef - a rare and remarkable opportunity in one of the suburb's most prestigious and tightly held streets. Positioned on an expansive 1,134m² block with R20 zoning, this property not only offers breathtaking, uninterrupted ocean views but also the exciting potential to subdivide into two lots (STCA), making it an outstanding investment for now and into the future. The spacious five-bedroom, three-bathroom home provides a solid foundation for relaxed coastal living, whether you choose to move in, renovate, or redevelop. Enjoy stunning sunsets from your own backyard, explore the possibilities of subdivision, or simply capitalise on the lifestyle and landholding that properties of this calibre rarely afford. This is a once-in-a-generation chance to secure a blue-chip parcel of Ocean Reef real estate with enormous future potential.
Step inside this spacious 5-bedroom, 3-bathroom home and discover a practical layout perfect for growing families or those needing extra space. With multiple living areas spread across two levels, there's plenty of room to relax, work, or entertain. The well-appointed kitchen sits at the heart of the home and offers great functionality with ample storage and bench space. Large windows throughout the living zones capture beautiful ocean views, bringing in natural light and a refreshing coastal feel. The bedrooms are well-sized and comfortably accommodate the whole family, with bathrooms conveniently positioned to suit the layout.
Outside, the backyard offers something for everyone with a full-sized tennis court and a huge entertaining area that's perfect for weekend get-togethers or letting the kids run wild. There's loads of space to host family and friends, with the bonus of stunning ocean views as your backdrop. Whether you're setting up a barbecue, enjoying the open air, or just relaxing with the sea breeze, this outdoor space adds serious value to everyday living.
Nestled in the heart of one of Perth's most sought-after coastal suburbs, this property offers the very best of Ocean Reef living. Enjoy the convenience of being just moments from beautiful beaches, local shops, quality schools, and scenic parks - all while having the exciting Ocean Reef Marina development just down the road, promising even more lifestyle and leisure options in the near future. The home itself blends comfort, space, and functionality, making it ideal for families, entertainers, or those simply seeking a peaceful retreat by the sea. With its unbeatable location and strong future growth prospects, Ocean Reef presents the perfect backdrop for your next chapter - and this home is your gateway to it.
Land size: 1,134m2 (approximate)
Internal house area: 287m2 (approximate)
Year built: 1991
Please contact Wayne Carroll on 0458 888 038 now for more information!
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
Listing description written by Wayne Carroll, Professionals Carroll Property Group — reproduced as published, not verified by Districts.