8/274 Main Western Rd, Tamborine Mountain
A pink stone cottage has hit the market priced under $600,000 – but the buyer won’t be able to live in the quirky property.
The Gold Coast Hinterland property is one of six cottages located on the grounds of a one-of-a-kind castle originally built by a British expat looking to recreate a traditional English village.
An Ipswich investor couple paid $440,000 in 2022 for the cottage, one of ten strata-titled units in the Lisson Grove Estate at 274 Main Western Rd, Tamborine Mountain.
The pink cottage rents as holiday accommodation for more than $400 a night
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Owners Shellie and Vikram Goyal have listed it for offers over $590,000, describing the sale as a “storybook” opportunity, but one buyers need to approach with due diligence.
“This property is short-term rental zoned. This means that it cannot be your permanent residence and a maximum stay of three weeks or less at one time is allowed,” Mr Goyal said.
“Most banks and financial institutions will not lend against this property as a security because of this reason, so please enquire accordingly.”
The one-bedroom, one-bathroom cottage on a 93 sqm patch within the 0.71ha estate offered potential rental income of $58,000-plus for an investor, the owners said.
It has a small timber kitchen
“This property isn’t just a picturesque hideaway — it’s a successful short-term rental business, fully furnished and turnkey-ready for immediate income or personal escape.
“[It’s] ideal for hands-off investors, couples seeking a romantic retreat, downsizers wanting a low-maintenance holiday home [or] anyone dreaming of passive income with mountain charm.”
Features included a timber kitchen, double spa bath, wood fireplace and private courtyard.
The unusual listing has intrigued online house-hunters, with comments split between appreciating its charm and outraged at its zoning arrangement.
There’s also a private courtyard
“That’s a ridiculous price for something you cannot live in,” said Sandra Green.
But Wenz Barwell was impressed: “Investing in a property like this has been a dream of mine”.
A medieval castle forms the centrepiece of Lisson Grove, alongside the six one-bedroom cottages, a spa unit, and two separately titled castle wings.
PropTrack data shows the median house price in Tamborine Mountain is $1.05m.
A medieval-style castle forms the centrepiece of the mountain estate
English (US) · 