Decommissioned Surf Lakes Yeppoon Wave Pool Listed for $4 Million
Two distinct Australian surf properties are currently listed for expression of interest, offering buyers a choice between an inland prototype wave pool and a remote coastal station.
The Yeppoon Wave Pool Listing
Surf Lakes is selling its Yeppoon site with an asking price understood to be around $4 million, Swellnet reported. Knight Frank and Elders Commercial Rockhampton are managing the listing.
The property sits between Rockhampton and Yeppoon. It includes a decommissioned wave machine and 2022 council approvals for a tourism development featuring cabins, restaurants, a skate park, and a learn-to-surf lagoon, none of which were built, Swellnet reported.
The pool was finished in 2018 as a full-scale prototype. BeachGrit.com reported that after two years of testing and a rebuild following a plunger blowout, the pool was set to fit two hundred surfers across five different waves, generating thirty-three waves every minute.
Journalist Tim Baker visited the facility on a press junket two years ago and noted technical problems including delays, a crack in the cement floor, and an incident where the force of the swells knocked a concrete tower off its footings, BeachGrit.com reported.
According to a statement from Lewis Glynn of Surf Lakes, the Yeppoon site had successfully completed its purpose as a demonstration venue. Founder Aaron Trevis has left the company, which is now focused on Austin, Texas.
“The real estate agents have a job to do and the market will decide whether that price tag is worthy,” said Mary Carroll, CEO of Capricorn Enterprise.
The Gnaraloo Station Listing
The market has been evaluating Gnaraloo for a longer period. Swellnet said that Paul Richardson put the station on the market in April 2025, marking the first time it became available since he acquired it in 2005.
The original asking price was $17.5 million, and the property is now advertised starting from $15 million, Swellnet reported. The buyer receives 62 kilometres of coast, access to Tombstones, homestead cabins, 99 campsites at 3 Mile, and goats.
Gnaraloo does not include land title as it is Crown land. The pastoral lease runs to 2046 and the tourism leases run to 2051, Swellnet reported.
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