Create your own day at the races at this horse-training estate and racetrack on the Gold Coast, which has hit the market for the first time in 50 years.
The massive 12.66ha property at 1717 Stapylton Jacobs Well Road in Jacobs Well has been home to a horse-training facility for more than 60 years.
The facility has the lot, with an 800-metre track, 20-horse stable complex with feed and tack rooms, four fully fenced spelling yards, a machinery shed and a single vehicle shed for a horse float.
It also features two residences, with a large six-bedroom home with a double lock-up garage and a three-bedroom fully renovated Queenslander.
While the property continues to operate as a horse training facility, selling agent and partner at Real Specialists Benjamin Brock said developers were showing strong interest.
Race fans will enjoy the 800-metre training track at the Jacobs Well property. Picture: Realestate.com.au/buy
“It’s the perfect place for a developer to buy,” Mr Brock said.
“We have a housing shortage at the moment, so it’s the perfect place to put a housing estate or a commercial property near the urban footprint.”
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The property includes two residences offering nine bedrooms and six bathrooms in total. Picture: Realestate.com.au/buy
The site shares almost 400 metres of frontage to the busy Stapylton Jacobs Well Road, as well as an easement to the south of the property that could provide a secondary access point.
Mr Brock said the expansive plot of land was flat and ideal for development, but was currently zoned for rural purposes rather than residential or commercial development.
The Jacobs Well property has operated as a horse training facility for more than 60 years. Picture: Realestate.com.au/buy
He said they were in discussions with the local council about rezoning the land for urban uses in order to develop housing or commercial real estate.
House prices in Jacobs Well have raced away lately, up 17.4% to $1,027,500 during the 12 months to June 2024, according to PropTrack.
It’s the first time that the 12.66ha property has been offered to the market in 50 years. Picture: Realestate.com.au/buy
The property is within walking distance to the Jacobs Well village and waterfront, which hosts Queensland’s busiest boat ramp and a gateway to the southern Moreton Bay islands.
There are also a number of projects surrounding the property such as a designated future marine precinct at Steiglitz to the north, which currently is home to Horizon Shores Marina, according to the listing.
The Queensland government recently announced nearby Norwell as the new home of harness racing for the state, with plans to convert 200 acres of cane land into a centre of excellence for the industry by 2026.
It has a range of horse training infrastructure such as stables, spelling yards and feed rooms. Picture: Realestate.com.au/buy
Mr Brock said the expressions of interest sales campaign for the property was going well, with a few interested parties so far.
“We’re going to wait and see what offers come in from developers,” he said.
He said it was likely to be a longer process given pending council approvals and potential zoning changes.