The home at 49 Biggs Ave, Beachmere, sold for $800,000. Picture: Supplied.

A MODEST three-bedroom home has sold for $800,000 in Beachmere thanks to its absolute waterfront location.

The 1224sq m property at 49 Biggs Ave sold for $800,000 on January 29.

Marketing agent Tony Bristol of Ray White Bribie Island said buyers were drawn to the big block backing onto the ocean.

“Standing in the backyard you can see Moreton Island, the bay and Redcliffe, and the waves are literally crashing onto the rear boundary,” he said.

“We had a couple of people who were absolutely in love with the property but just couldn’t bring themselves to sign the contract.

“It was their loss though when someone came in with a reasonable offer and the property sold with a 14 day settlement.”

The home looks out over Moreton Bay. Picture: Supplied.

Mr Bristol said the buyer bought the home with plans to rent it out for the time being before moving into the property in the future.

The Bribie Island agent said he was seeing buyers who were thinking ahead by getting into affordable seaside markets, where they would like to settle in the future, before prices increased.

“(They) are looking to get in while they can, thinking that in the future they may not be able to afford it,” he said.

“I think a lot of people think of Beachmere as a bit of an untapped market still.

“It’s still like a sleepy little country town.”

The median house price in Beachmere is $417,500 according to Core Logic, and has seen an annual growth of 0.9 per cent in the past 10 years.