Developers, we've found your next perfect project! Situated a mere 650m stroll from the sand and surf of Mermaid Beach, this coveted location promises enticing potential. Spanning a generously-sized 703m2 corner allotment, capitalise on the DA Approval already in place for three tri-level luxury villas which will redefine contemporary coastal living. This purchase will come with development approval for 3 Villas. Each will offer 4 bedrooms, 2 bathrooms and 2 powder rooms, with gourmet kitchens and inviting spaces to relax and entertain. Open-plan living and dining zones flow freely onto an alfresco terrace with built-in BBQs, while the top level is dedicated to a rumpus room with wet bar that opens to a balcony. Two villas include a carport with the other including a covered garage. Two villas also boast sparkling inground pools! Currently, a classic brick and tile low-set home sits onsite. Featuring 3 bedrooms, 1 bathroom and an inground pool, it's in well-kept original condition. Why not explore your option to rent it out while finalising your designs and finishes? Perched in a prime location, take advantage of being walking distance to a host of popular amenities. Savour the sand beneath your toes in minutes and be spoilt for choice where to grab your morning coffee or enjoy a delicious meal. Parks are plentiful (there's even one at the end of your cul-de-sac) plus the newly opened Mermaid Plaza is just 1km away, where you can stock up on supermarket supplies. Additionally, Pacific Fair, Star Casino and vibrant Broadbeach are mere moments from home. Seize the chance to capitalise on this blue-chip development opportunity and arrange an inspection today. Property Specifications: • Generously sized 703m2 corner block 650m stroll from Mermaid Beach • DA Approval already in place for three tri-level luxury villas • Each villa will be individually titled • Each villa boasts 4 bedrooms, 2 bathrooms, 2 powder rooms, a rooftop entertaining lounge plus open plan living and dining zones that flow freely onto an alfresco terrace • Two of the villas also feature a pool • Currently hosts a classic, original condition brick and tile 3 bed, 1 bath home with pool • Prime location, walking distance to beach, parks, cafes, restaurants and new Mermaid Plaza • Close to Pacific Fair, Star Casino plus Broadbeach and Nobby Beach eateries and entertainment This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes. 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.