9 Princess Street, ClevelandQLD 4163

A private three-level sanctuary with dual living or income potential in prestigious Oyster Point, with exceptional versatility. Discover a home that feels like a retreat from the moment you arrive. Elevated, light‑filled, high ceilings, office space or bedroom with separate entrance, and surrounded by lush tropical greenery, this beautifully crafted three‑storey residence delivers a rare blend of privacy, versatility and lifestyle in one of Cleveland’s most tightly held enclaves. Designed for families, multigenerational living or those seeking flexible spaces, the home offers multiple indoor–outdoor zones, generous accommodation and a serene rainforest‑style backdrop—yet remains moments from the bay, cafés, schools and transport. A Self‑Contained Retreat with Proven Income The lower level is a standout feature: a fully self‑contained guest suite with its own entry, kitchenette, living area, bedroom, two Queen beds, and bathroom. Currently operating as a short‑stay rental, it has been generating up to $2,800 per month, offering buyers an immediate income stream or the ability to offset mortgage costs from day one. Recent guests have praised the space for its tranquillity and convenience, describing it as “a beautiful and peaceful place to rest, refuel and recover… with stunning rainforest views.” (A link to the Airbnb listing can be provided.) Whether as a teenage retreat, an extra rumpus room, or something entirely unique to your needs, the space offers endless flexibilities. Light, Space and Effortless Living Upstairs, the main living level captures natural light and coastal breezes, flowing seamlessly to multiple outdoor entertaining areas. Rich timber floors, beautifully oiled decks and contemporary finishes create a warm, relaxed atmosphere throughout. The gourmet kitchen features an extra‑wide stone island bench and quality appliances, while the bedrooms across the upper levels offer privacy and comfort for families of all stages. Air‑conditioning throughout ensures year‑round comfort. Why This Home Stands Out This property offers something genuinely hard to find: a private, leafy sanctuary with flexible living options and real income‑earning potential—all in a premium bayside location. Key Features Five generous bedrooms across multiple levels Four modern bathrooms, including ensuites Luxurious master suite with walk‑in robe and private balcony Gourmet kitchen with extra‑wide stone island bench and quality appliances Multiple indoor–outdoor living zones: Screen‑enclosed verandah Covered entertaining verandah Private balconies to upper bedrooms Lower‑ground patio Covered area ideal for a home gym Fully self‑contained lower‑level retreat with kitchenette, living area, bedroom and bathroom Dedicated home office with external access Exceptional storage including workshop and additional storage room Double garage plus off‑street tandem parking, room for boat, trailer, extra cars Low‑maintenance tropical landscaping and private bush outlook Lifestyle & Location Positioned in the exclusive Oyster Point precinct, you’ll enjoy the perfect balance of seclusion and convenience: Walk to the North Stradbroke Island Ferry Minutes to Cleveland’s cafés, shops, schools and waterfront parks Approx. 45 minutes to Brisbane City A Rare Opportunity Homes offering this level of flexibility, privacy and income potential are seldom available. Whether you’re a growing family, a multigenerational household or an investor seeking dual‑living options, this residence adapts effortlessly to your lifestyle. https://www.airbnb.com.au/rooms/795786845693371452?adults=1&search_mode=regular_search&check_in=2026-05-05&check_out=2026-05-10&children=0&infants=0&pets=0&source_impression_id=p3_1777584361_P3lbNI_LlibPi3jh&previous_page_section_name=1000&federated_search_id=a742bd68-83d1-42c8-897a-3eefb87ce586 Contact Mark to book a private inspection.