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first_img1408 Island St, South Stradbroke.YOU can now own your own slice of island paradise for only $120,000. Welcome to 1408 Island St on South Stradbroke Island, a one-bedroom unit that has hit the market for a quarter of the price of a unit on the Gold Coast, according to CoreLogic. The median unit price on the Gold Coast is currently $412,000. Dubbed as the new micro-suburb of the Gold Coast, Couran Cove has island homes for $120,000. Photo: Steve HollandThe opportunity comes after 100 residents flocked to South Stardbroke’s community Couran Cove for cheap rent earlier this year. CHEAP RENT: Island resort living for just $250 a week More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North4 hours ago02:37International architect Desmond Brooks selling luxury beach villa23 hours agoNigel Jackson from Remax Regency Gold Coast described the unit as a “fantastic investment opportunity”. The bedroom has waterfront views The island community, accessed by a 40-minute ferry ride, includes 100 eco-cabins, 36 two-bedroom lagoon residences, 24 four-bedroom Broadwater homes and 194 Marina apartments. Mr Jackson said it was the “next best thing” from owning an island and the apartments were being snapped up by interstate buyers. 1408 Island St is the perfect island home “This studio apartment has a natural Carrara marble bathroom with double basin, easy maintenance low pile carpet, double gas cooktop stove in the kitchenette,” the listing states. “It is perfect to enjoy on the weekend or offer as a short-term rental which has been successfully done for years on Stayz by the current owners.center_img The kitchenette is equipped with everything you need for island life“Word is spreading and interstate travellers are grabbing the opportunity to stay here for something different yet so close the mainland,” his listing states. Kick back and relax on your private deck with waterfront views“Spend days relaxing on your private deck looking out to the lagoon. Walking or biking would be the preferred mode of transport to a number of beaches where on many occasions you find yourself alone.”last_img read more

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