Someone Paid $119,000 for This Burleigh Waters Block in 1987. It Just Sold for $2,125,000.

A corner block held for nearly four decades came to market for the first time since the Hawke government, sold under expressions of interest, and cleared the four-bedroom suburb median. Here's what the number tells you.

The Result

14 Maitland Street, Burleigh Waters sold on 7 September 2026 for $2,125,000.

That's 10.4% above the Burleigh Waters rolling 12-month house median of $1,925,000 (based on 220 sales, houses only), and marginally ahead of the median for four-bedroom houses specifically — $2,100,000 across 76 sales. The same block last changed hands in September 1987 for $119,000, a capital gain of roughly 1,686% over 39 years of ownership.

The Property

The house is a four-bedroom, three-bathroom home with a pool and four car spaces, but the price wasn't paid for the dwelling. It was paid for the ground beneath it. This is a 607 sqm north-east-facing corner block in central Burleigh, positioned directly across from Deodar Park, and it sold as a first-time offering in about 35 years of single ownership.

That combination — corner position, north-east aspect, established parkfront street — is what moves a buyer past the median. A corner block carries options a mid-street lot doesn't: knock down and rebuild, renovate the existing house, or pursue a subdivision into two residences (subject to council approval). The leafy outlook over the park adds the kind of fixed amenity that can't be manufactured on an interior block. Buyers at this level are pricing the site's future, and the inground pool and existing four-bedroom floor plan mean the property is livable while those plans take shape.

Land this size and this positioned rarely surfaces in the tightly held pockets near Burleigh's centre, which is a large part of why a functional-but-dated home commanded a development-site price.

The Market It Sold Into

Burleigh Waters sits in a growth phase, with the rolling 12-month house median at $1,925,000 across 220 sales and annual price growth of 6.9% (houses only). Supply is running at around 3.2 months — looser than tighter corridor suburbs like Varsity Lakes, where stock sits closer to two months — which means buyers here have marginally more to choose from and less pressure to overpay on any single listing.

That context matters for reading this result. In a suburb with real choice, a block that clears the four-bedroom median and sits 10.4% above the broader house median isn't riding a wave of scarcity across the board. It's being paid for on its own merits — the land, the corner, the park frontage — not because there was nothing else to buy.

The Campaign

The property was listed on 16 July 2026 and sold on 7 September, a little over seven weeks on market. That runs modestly longer than the suburb's 45-day average, which is what you'd expect from an expressions-of-interest campaign on a development site — no advertised guide, a smaller pool of buyers who can weigh subdivision and rebuild economics, and a deliberate process rather than a quick auction clearance.

Running without a price guide is a common choice for land-led offerings. It lets the market set the ceiling on a site whose value depends on what a buyer plans to do with it, rather than anchoring everyone to a single number. The outcome — above both the general and four-bedroom medians — suggests the approach found the buyer who valued the options the block carries.

What This Means for Buyers and Sellers

For buyers active in Burleigh Waters around the $2,000,000 mark, this sale is a reminder that in this suburb you are increasingly paying for land and position, not fixtures. A dated house on the right corner block can cost more than a renovated home on a standard interior lot. If your budget is set at the four-bedroom median of $2,100,000, the trade-off is clear: turn-key comfort, or a site with upside you develop yourself. Both exist at a similar number, and knowing which you're buying is the whole game.

For homeowners nearby — particularly anyone on a corner, a larger block, or a parkfront street — the signal is that the market is willing to look past the building to the ground it sits on. If you've held for a long time, as these owners had since 1987, the land component of your value may have grown well beyond what a standard comparable-home appraisal captures. The development, subdivision and aspect factors that lifted this result are exactly the ones a generic valuation tends to miss.

Thinking of Selling in Burleigh Waters?

Fields tracks every sale in Burleigh Waters and knows which streets, blocks and aspects carry a premium the medians don't show. If you're weighing what your position is actually worth — house, land, or both — that local read is where the number comes from. Talk to the Fields team about what your home could achieve in today's market.

---

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 →