The lot is home to a large fig tree that holds strong significance to the community. 

Hallidays Point Public School P and C president and Diamond Beach resident Mel Orchard said the community rallied together to ensure the tree would not be put at risk. 

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"When we thought the beautiful Moreton Bay Fig Tree would be lost from the community, we started sending emails, attending meetings and creating Facebook pages to gain community support.

"With our principal's backing, we brought the entire school outside to stand in front of the tree. Many of the students were saying 'please save our tree'.

"We live in a wonderful community that is supportive and helpful. We are delighted the tree and surrounding park will remain in the hands of the community," Ms Orchard said.

Owner of the lot, Edgewater Shores, received feedback from the community about the significance of the tree.

The company's development director Sam Coco said the move was in the best interest of the community.

"On the original approved plan the fig tree was contained within someone's backyard, however after hearing how much the tree meant to the community, we removed the entire block from being sold," Mr Coco said.

"We commenced early discussions with MidCoast Council and were positive we could find a way to transfer the land back to the community."

MidCoast Council's acting director of planning and natural systems Paul De Szell said a number of factors, including the health of the tree and the benefit of the space to the community, came into consideration during the assessment of the proposal to transfer the land.

"Council had received comment from the general public, including representatives from the neighbouring school asking for the land to be placed into public ownership for the benefit of the community," Mr De Szell said.

Edgewater Shores will work with community groups to ensure the area is landscaped.

"We are anticipating construction of stages one and two of the development adjacent to the fig tree to be completed late March 2019 at which time the newly created fig tree park will also be nearing completion," Mr Coco said. 

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