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62 Cedar Road
Palm Cove QLD 4879

Bedrooms: 5
Bathrooms: 3
Car spaces: 3
Land area: 800m2
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Two homes in one – The Ultimate in Tropical Design

Welcome to this beautiful award-winning, tropically designed home with energy efficiency in mind. Located only moments to the Palm Cove's Beachfront and offering multiple options to accommodate a variety of lifestyles.
Two homes on one title set on 800m2 of land and spread over 460m2 of living. Crafted with a perfect blend of modern features and earthy tones features throughout, this property is the epitome of Palm Cove living.
Building A –
Positioned at the rear of the property is the impressive three-bedroom, two storey home. The moment you walk through the front door you have a sense of calm and spaciousness. The open plan and flow is seamless and offers a large living space which is enhanced by the bi-fold timber doors that lead to the wrap around under covered entertaining patio.
The appealing kitchen has everything you need, from stone bench tops, gas cooking and a handy portable island bench perfect for entertaining. Upstairs boasts an exquisite king-sized main suite accompanied by its own balcony, walk in robe and generous ensuite complete with stand-alone bathtub. Bedrooms 2 and 3 are spacious and are serviced with a main bathroom.
The large 9sqm garage has access through to a parking area for a boat or trailer.
Currently tenanted until November 2024 for $700 a week - Rental potential $750-$800p/w
Building B -
Is a stylish 135m2 two-bedroom townhouse offering size and separation ideal for dual families, rent out and reward or accommodate yourself. The ground floor of the townhouse consists of an open plan living space coupled with a full self-contained kitchen with gas cooktop, internal laundry and separate lock up garage with plenty of storage. The two bedrooms upstairs are oversized and are partnered with a generous main bathroom.
Currently holiday let and achieving approximately $40,000 per annum in income Can be sold with future bookings and is sold fully furnished.
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Property Details for 62 Cedar Rd, Palm Cove

62 Cedar Rd, Palm Cove is a 5 bedroom, 3 bathroom House with 3 parking spaces. The property has a land size of 800m2. The place is currently for sale with Twomey Schriber Property Group.

Building Type
House
Land Size
800m2

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About Palm Cove 4879

The size of Palm Cove is approximately 3.6 square kilometres. It has 11 parks covering nearly 24.5% of total area. The population of Palm Cove in 2011 was 1,656 people. By 2016 the population was 2,082 showing a population growth of 25.7% in the area during that time. The predominant age group in Palm Cove is 60-69 years. Households in Palm Cove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Palm Cove work in a professional occupation. In 2011, 49.6% of the homes in Palm Cove were owner-occupied compared with 57.1% in 2016.

Palm Cove has 2,786 properties. Over the last 5 years, Houses in Palm Cove have seen a 62.74% increase in median value, while Units have seen a 53.29% increase. As at 30 September 2024:

  • The median value for Houses in Palm Cove is $1,002,548 while the median value for Units is $536,421.
  • Houses have a median rent of $760 while Units have a median rent of $475.
There are currently 55 properties listed for sale, and 11 properties listed for rent in Palm cove on OnTheHouse. According to CoreLogic's data, 138 properties were sold in the past 12 months in Palm cove.

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Shira David Stern
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Twomey Schriber Property Group
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