116.7% Above the Median: How 31 Kingfisher Crescent Sold for $4,550,000

A four-bedroom house on one of Burleigh Waters' widest water frontages has sold for $4,550,000 — more than double the suburb median. It took just over three months to find its buyer, and the sale price tells you exactly what a 932 sqm premium block is worth in this market.

The Property

31 Kingfisher Crescent sits on 932 sqm with wide water frontage, positioned within walking distance of James Street and the Burleigh headland. The home runs to four bedrooms, three bathrooms and two car spaces, with an inground pool and an outdoor entertaining area that rated a perfect 10 out of 10 in our photo assessment. This is a family home built around its aspect — the block's width and water position do the heavy lifting.

The land is the story here. Burleigh Waters trades on a clear canal-versus-non-canal price split, and a wide-frontage waterfront parcel of this size sits at the very top of that divide. Add proximity to James Street's dining strip and the beach beyond the headland, and you have the combination that commands the suburb's highest prices. Homes like this rarely turn over — the previous sale was in April 2021.

The Market It Sold Into

Burleigh Waters is running hot. Houses in the suburb are up +23.7% year-on-year, the fastest annual growth in the southern corridor — ahead of Varsity Lakes at +17.7% and Robina at +10.9%. The suburb median sale price sits at $2,100,000 across 137 house sales tracked over the past 12 months, and supply is tight at 3.5 months. The market phase reads as strong expansion.

But growth at the suburb median and results at the top of the market are two different things. A $2,100,000 median tells you what a typical Burleigh Waters house does. It tells you very little about a 932 sqm waterfront block, where the buyer pool is smaller, the pricing is bespoke, and the comparison set can be counted on one hand. This sale sat in that thin, prestige tier — a segment where the suburb-wide numbers are a backdrop, not a benchmark.

The Campaign

The home was listed on 10 April 2026 and sold by private treaty on 21 July 2026 — 102 days on market. Against a suburb average of 44 days, that is a considerably longer campaign, and it is worth being straight about why: prestige waterfront homes at this price point almost always take longer to sell than the median house. The buyer for a $4,550,000 property is a narrow group, and matching the right block to the right buyer is a slower process than moving a $2,100,000 family home.

A longer campaign here is not a weak result — it is the shape of the top end. The sale ultimately landed at $4,550,000, and the price reflects the quality of the land rather than any urgency in the process.

The Result

31 Kingfisher Crescent, Burleigh Waters sold on 21 July 2026 for $4,550,000. 102 days on market, against a suburb average of 44 days. Sold by private treaty. 116.7% above the Burleigh Waters median of $2,100,000. 116.7% above the four-bedroom median, which also sits at $2,100,000. The owners paid $2,250,000 in April 2021 — a gain of $2,300,000, or +102.2%, over five years and three months.

What This Means for Buyers and Sellers

For buyers active at the top of Burleigh Waters, this sale is a marker. A wide-frontage waterfront block of roughly 900-plus sqm within walking distance of James Street now clears $4,550,000. That is more than double the suburb median, and it confirms that the premium for the best land and the best water position has widened well beyond what the headline growth figure suggests. If you are shopping in this tier, patience is part of the process — these homes are scarce, and the 102-day campaign shows they do not move on the suburb's average timeline.

For homeowners thinking about selling nearby, the lesson is about positioning, not just price growth. A near-doubling in value since 2021 is real, but it was underwritten by land and location that most homes cannot match. Owners of standard blocks should anchor their expectations closer to the $2,100,000 median and the 44-day average, while owners of genuine waterfront should understand that the reward at the top comes with a longer, more selective campaign. Knowing which category your home sits in — and pricing to it — is what separates a clean result from a stalled one.

Thinking of Selling in Burleigh Waters?

Fields tracks every house sale in Burleigh Waters and the surrounding corridor, from the median family home to the trophy waterfront block. We know which streets and which frontages command a premium, and how long each tier really takes to sell. Talk to the Fields team about what your home could achieve in today's market.

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Disclaimer: The information in this article is for general informational purposes only and does not constitute financial, investment, or valuation advice. Fields Real Estate (Licence No. 4832972) makes no warranty as to the accuracy or currency of data published. Readers should conduct their own due diligence and seek independent professional advice before making any property or investment decision. Read our full disclaimer →