1295-1299 Gold Coast HighwayPalm Beach QLD 4221
Property Details for 1295-1299 Gold Coast Hwy, Palm Beach
Last Listing description (November 2020)
Cushman & Wakefield is pleased to present to the market for sale via Expressions of Interest 332 The Esplanade, Palm Beach.
This magnificent site represents a rare and unique opportunity to purchase one of the best waterfront development sites on the Gold Coast. Situated at the northern end of Palm Beach, this area has seen extraordinary growth over recent years and represents one of the most sought after beach side locations on the Gold Coast.
The site is within easy walking distance of growing local amenity, including restaurants, cafes, shopping, surf clubs and much more. Views from this beach side location are unsurpassed, and offer tremendous opportunities to develop, whether for residential apartments, age care accommodation, retirement, Hotel etc.
Key Features:
- 3,304sqm* Land Area
- 40m* Beach frontage
- Zoned Medium Density Residential
- Building Height Limit 29m
- Residential Density RD6 (1bed/33sqm)
- Existing Approval - 147 Bedroom Residential Age Care Facility (approved 20 August 2019)
*approx.
332 The Esplanade, Palm Beach will be offered to the market for sale via Expressions of Interest closing Thursday the 16th of July at 4pm (AEST).
Inspections can be arranged through the exclusive agents and further information can be provided upon request.
Property History for 1295-1299 Gold Coast Hwy, Palm Beach, QLD 4221
- 15 May 2024Sold for $42,916,145
- 11 Aug 2020Sold for $21,000,000
- 12 Jun 2020Listed for Sale Contact Exclusive Agents
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About Palm Beach 4221
The size of Palm Beach is approximately 6.3 square kilometres. It has 12 parks covering nearly 16% of total area. The population of Palm Beach in 2011 was 13,956 people. By 2016 the population was 14,689 showing a population growth of 5.3% in the area during that time. The predominant age group in Palm Beach is 30-39 years. Households in Palm Beach are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Palm Beach work in a professional occupation. In 2011, 54.5% of the homes in Palm Beach were owner-occupied compared with 55.2% in 2016.
Palm Beach has 10,414 properties. Over the last 5 years, Houses in Palm Beach have seen a 105.32% increase in median value, while Units have seen a 105.82% increase. As at 31 October 2024:
- The median value for Houses in Palm Beach is $1,927,621 while the median value for Units is $988,399.
- Houses have a median rent of $950 while Units have a median rent of $750.
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