40 Deenya Parade, Russell IslandQLD 4184

Listing data updated 8 June 2026

Beautiful 1,222m² Waterfront Block | Panoramic Views | Dual Living | Lifestyle Opportunity Positioned on an impressive waterfront allotment, this unique three-level home captures panoramic views across the channel to the mainland and down to Jacobs Well. A rare opportunity offering genuine lifestyle appeal, income potential, and future value. The home enjoys a commanding outlook over the western side of Russell Island, where every day feels like a holiday. Property Highlights • Expansive water views with absolute tranquility • Three-storey design with dual-living potential • Self-contained flat on the lower level – ideal for guests or holiday letting income • Two bedrooms with built-in robes on the main level • Open-plan living and dining areas with timber-raked cathedral ceilings • Air conditioning for year-round comfort • Walkway to the water’s edge – perfect for fishing or kayaking • Carport parking • In-ground pool (requires new lining) • The property would benefit from some TLC – a wonderful project to enhance a truly special home This is not just a house – it’s a lifestyle upgrade. Enjoy morning coffees on the deck, quiet evenings overlooking the water, or weekends boating and exploring the islands. Why Russell Island Only 20 minutes by ferry to Redland Bay, Russell Island offers a relaxed coastal lifestyle surrounded by nature. The island boasts strong rental demand, increasing property values, and a welcoming community. Wahine Boat Ramp is just minutes away, giving easy access to the waterways and beyond. Flexible Viewing Options • Jetty pickups available • Private inspections by appointment • Area maps and island tours on request • FaceTime viewings available for interstate or overseas buyers Contact Rhys Franz 0482 171 300 Simon Gordon 0448 884 625 Office – 07 3409 2288 Website: www.islandlife.au Island Life – REIQ Accredited & Trusted Local Experts REIQ Small Residential Agency of the Year Finalist 2025 Queensland Business Contribution to Community Finalist 2025 Disclaimer: While every effort has been made to ensure accuracy, prospective purchasers should conduct their own investigations to verify all information provided.