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RENOVATE AND RESTORE
This property is being offered as-is, providing buyers with the opportunity to view, assess, and imagine the possibilities for restoration. Please note, the home requires extensive work to bring it back to its full potential – but for the right buyer, the reward will be well worth the effort. A copy of the building report will be available at the home open.
THE HOME
Set in a sought-after pocket of Ocean Reef, this generously proportioned residence offers a rare opportunity to secure a home brimming with character and space – just waiting for the right buyer to restore it to its former potential.
Positioned on a large 783sqm block with wide frontage and secure side access, this property blends classic design features with a layout made for modern family life. The proportions are generous, and the potential is undeniable.
Inside, you'll find a light-filled open plan living zone with soaring vaulted ceilings, oversized glass doors, and a seamless flow to the poolside alfresco – perfect for relaxed summer entertaining. The central kitchen overlooks the dining and family area, with glimpses of the pool just beyond. While renovation is needed, the layout is functional and allows for easy transformation.
At the front of the home, the master suite offers privacy and comfort with its own ensuite and walk-in robe. A private study and dedicated theatre room are also tucked away at the front – ideal for working from home or enjoying family movie nights.
To the rear, three minor bedrooms are serviced by a second bathroom. located off the main living is space is a separate activity room, offering direct access to the backyard – the perfect breakout space for kids or teens.
Outdoors, enjoy the swimming pool and alfresco area, ready to be reimagined into a private retreat. The triple garage, complete with workshop zone, is a dream for hobbyists or trades.
**This property is being offered as-is, providing buyers with the opportunity to view, assess, and imagine the possibilities for restoration. Please note, the home requires extensive work to bring it back to its full potential – but for the right buyer, the reward will be well worth the effort. A copy of the building report will be available at the home open.**
THE COMMUNITY
Ocean Reef offers residents an unparalleled coastal lifestyle and an exciting future ahead with the highly anticipated Ocean Reef Marina currently being constructed. This home is conveniently located with easy access to stunning coastline, transport links, shopping centres, cafes and local schools including Beaumaris Primary School and Ocean Reef Senior High School, the location could not be more ideal for the astute buyer!
THE SPECIFICS
Council Rates: TBC
Water Rates: $1,650.70 per annum
Land Area: 783m2
Disclaimer:
This information is provided for general information and marketing purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
Property features
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Below ground pool
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Garages
3
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Study
Property snapshot by reiwa.com
This property at 10 Naval Parade, Ocean Reef is a four bedroom, two bathroom house sold by Jay Dass and Nikki Kale at Noble Avenue on 29 Aug 2025.
Looking to buy a similar property in the area? View other four bedroom properties for sale in Ocean Reef or see other recently sold properties in Ocean Reef.
Nearby schools
Ocean Reef overview
As its namesake would suggest, Ocean Reef is a coastal suburb. Bound to the west by the Indian Ocean, the outer-northern suburbs five square kilometre land area is dominated by homes and parkland. Ocean Reef's history of establishment is relatively recent with its primary development occurring in the 1980s. Growth continued until the 1990s and has remained relatively stable ever since.
Life in Ocean Reef
Walkways, parks and the beach enable Ocean Reef's enviable and relaxed lifestyle with plenty of public open spaces further contributing to this. The Beaumaris City Shopping Centre and Ocean Reef Shopping Centre meet the retail and amenity requirements of locals, and there is also a local boat harbour. There are three local primary schools and two local high schools within Ocean Reef.
Ocean Reef quick stats
High end
$1.8m
Median
$1.5m
Low end
$1.3m
13.0 %
Annual growth
$1.5m
Annual median sales price
$990pw
Annual median rental price
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