5 Castille Court is in original condition. On the waterfront: 5 Castille Court, Isle of Capri.He said the 789sq m fan-shaped block would provide the perfect canvas for a new build.“People can’t find new homes in these positions,” Mr Graham said.“The option is to buy the old house, design your home and have that ultimate position with your new family home.“This is a huge fan-shaped block where the water frontage (25m) is larger than the street frontage.”The highest sale on Castille Court is $2.5 million for No. 1 in 2011.Isle of Capri is home to some of the most lavish mansions on the Gold Coast, yet the locale remains largely a sleepy residential community.The island also has a solid community of young professionals and families who are attracted by the central location and Surfers Paradise State School. Would you renovate or rebuild?“It is an original house that the buyers will most probably demolish and rebuild because the position is just irreplaceable,” he said.“It comes down to the age old saying of ‘location, location, location’.”The late Kevin and Maureen Murphy bought the five-bedroom house at 5 Castille Court for $99,000 in 1976.It’s expected to sell for big bucks at auction.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North2 hours ago02:37International architect Desmond Brooks selling luxury beach villa21 hours ago“It was built in 1973 and nothing has been done to the house since then,” Mr Graham said.“It’s completely original- there’s green carpet and even a timber bar.” What a position! 5 Castille Court, Isle of Capri is set to go under the hammer on December 7.LOCATION is everything in real estate and this Surfers Paradise property is testament to just that.Real Estate agent Robert Graham of Ray White Prestige Gold Coast said while the Isle of Capri house needed some work its location was what set it apart.