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QLD › Runaway Bay › Lee Rd

U15, 3 Lee Rd, Runaway Bay QLD 4216

For saleTownhouse

$1,650,000

For sale

Asking

3

Bedrooms

2

Bathrooms

2

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,650,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,650,000(Listing record · 21 May 2026)
  • CalculationAsk is 1% below the Runaway Bay median recorded sale ($1,660,000, n=49, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Runaway Bay's advertised median rent ($792/wk), implied gross yield would be 2.50% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$1,650,000

Asking

No recorded sale for this property.

Runaway Bay at a glance

9,774

People

$1,660,000

Median sale

$792/wk

Median rent

2.48%

Suburb gross yield

Median sale from 49 recorded sales (last 12 months) — a Districts calculation.

See the full Runaway Bay report →

Vs Runaway Bay

-0.6%

Median sale

Suburb $1,660,000

+0.02 pp

Gross yield

Suburb 2.48%

Suburb median $1,660,000 from 49 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$1,650,000
Stamp Duty (Queensland)
$75,400
Transfer/Registration Fee
$7,092
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$1,736,192

$86,192 on top of the price (5.2% extra)

  • Stamp Duty (Queensland)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Queensland schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Runaway Bay's advertised median rent — not a rent for this listing.

Net yield
1.00%
Annual cashflow (pre-tax)
$-69,366
Interest cover (DSCR)
0.19
Annual rent
$41,184
Operating expenses
$24,750
Loan amount
$1,320,000
Annual interest
$85,800
Gross yield
2.50%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

For more information on this property, visit Queensland Globe↗.

Records

Property history

  1. Listed$1,650,000available21 May 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

QLD

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. 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.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $792/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. 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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 2.5%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Runaway Bay in one glance

Runaway Bay at a glance

9,774

People

$1,660,000

Median sale

$792/wk

Median rent

2.48%

Suburb gross yield

Median sale from 49 recorded sales (last 12 months) — a Districts calculation.

See the full Runaway Bay report →

Keep researching

  • Why Runaway Bay? Read the area thesis →
  • What else is on the market in Runaway Bay →
  • Other records on Lee Rd →

Listing material

Listed by Harcourts Property Hub

Waterfront Villa, Great Location, Vendor wants It SOLD

Positioned in the heart of the prestigious waterfront enclave of Runaway Bay, this beautifully appointed waterfront villa within the exclusive Mariner Quays delivers the perfect blend of lifestyle, luxury and convenience. The owners have recently replaced all carpets, freshly painted and new epoxy floor to garage, this home is move in and enjoy. With picturesque water views and easy boating access to the stunning Gold Coast Broadwater, this is coastal living at its very best.

Designed to maximise relaxed indoor-outdoor living, the home features a spacious waterfront entertaining terrace overlooking your private pontoon — ideal for boating enthusiasts, entertaining guests, or simply soaking in the tranquil surrounds.

Set within a secure gated community, residents enjoy access to resort-style amenities including a sparkling swimming pool and full-size tennis court. Perfectly positioned within walking distance to waterfront parks, cafés, restaurants and shopping conveniences, this residence offers an exceptional low-maintenance lifestyle in one of the Gold Coast's most sought-after waterfront locations.

Read the full description

Whether you are downsizing, investing, or searching for your dream waterfront home, this is a rare opportunity to secure a premium residence in a tightly held community. Inspection is highly recommended.

Feature of this home include;

- Large open plan kitchen, dining and family room with water views

- Kitchen includes 40mm stone benchtop with breakfast bar

- Plumbed for water fridge and gas cooktop

- Twin stainless-steel sink with insinkerator

- Master bedroom with ensuite and WIR

- Balcony to master bedroom with stunning water views

- Large second living area on the ground floor

- Polished timber floors to staircase and second living area

- Bedroom two and three with built-in robes

- Main bathroom complete with soaker bath and separate shower

- Great size laundry with good storage

- Extensive storage throughout the property

- Ducted air conditioning throughout

- Ceiling fans throughout

- Outdoor terrace on the water's edge.

- Pontoon 6mtr x 1.5mtr with water, power & lighting

- Double lock up garage with attic storage and shelving

- 5 Minute walk to restaurants and cafes

- 2 Minute drive to Runaway Bay shopping centre and super sports centre

- 5 Minute by boat to the stunning Broadwater

- 10 Minutes to Griffith University and Gold Coast hospital

- 15 Minutes to Gold Coast surf beaches

- 45 Minutes to Gold Coast international airport

- 1 Hour to Brisbane International airport

- General rates $1478 per ½ Year

- Body Corporate Levies $154 per week

- Rental appraisal $1250 to $1350 per week

If you have been waiting for a low maintenance waterfront property that will provide you with a enviable lifestyle then you should inspect this home. Our vendors are motivated to sell and will look at all genuine offers. To arrange your inspection call Leo 0414 810 495 or Sue 0410 598 466.

Disclaimer:

We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

* denotes approximate measurements.

Listing description written by Leo Ryan, Harcourts Property Hub — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Built-in Robes
  • Dishwasher
  • Ensuites: 1
  • Living Areas: 2
  • Tennis Court
  • Toilets: 3

Also look at

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Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.