SOLD
RECENT ADVICE
Sold on 13 Jan 2024 for $905,000

1501/10 Fifth Avenue
Palm Beach QLD 4221

Bedrooms: 3
Bathrooms: 2
Car spaces: 3
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Property Details for 1501/10 Fifth Ave, Palm Beach

1501/10 Fifth Ave, Palm Beach is a 3 bedroom, 2 bathroom Apartment with 3 parking spaces. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 3 bedroom Apartment sold in Palm Beach in the last 12 months.

Building Type
Apartment

Last Listing description (January 2024)

This ocean-view haven boasts 3 generously appointed bedrooms, with the master offering a front-row seat to ocean views, while the other two bedrooms showcase mesmerising sunsets over the hinterland.

Providing an unprecedented 3 garage spaces along with a sizeable storage cage and should the need arise, the option to lease out extra car spaces adds an extra layer of convenience and income.

Distinguished features of this residence include:

- A trio of bedrooms, with the master suite featuring an ensuite, built-in robe, and balcony access offering ocean and skyline views to the east and north.
- A gourmet open-plan kitchen with a dishwasher, electric oven, and gas cooking.
- Ambient air-conditioning plus ceiling fans in every room.
- Double glazed doors seamlessly connecting the interior to the balcony.
- A spacious northeast-facing entertaining balcony.
- Internal laundry facilities for added convenience.
- 3 secure garage spaces in the basement, complemented by a sizable storage cage.

- Immerse yourself in the resort-style amenities, including a 25m in-ground pool, a heated spa, and a rooftop barbecue area providing unparalleled views of the Coast and hinterland.
- The secure intercom building with basement parking, just steps away from the lift, ensures both security and accessibility.

Rental return: Approximately $850 - $900 per week.
Body corporate: Approximately $180 per week.
Rates: Approximately $1,700 per year.
Water: Approximately $1,200 per year.
The Pavilions at Palm Beach boasts solar power, funding all common area electricity, attesting to its commitment to sustainability.

As for the location, Palm Beach stands as a premier real estate haven on the Gold Coast, offering not just a home but a strategic investment with abundant growth potential. Excitingly, the newly redeveloped Palm Beach Aquatic and Community Centre is set to open its doors in early 2024.

Embrace the epitome of coastal living at The Pavilions, strategically positioned across from the beach and surrounded by an array of shops, cafes, restaurants, and fitness centres. Enjoy swift access to the Gold Coast International Airport and the M1 motorway.

Whether you seek a lucrative addition to your property portfolio or the perfect haven to call home, this residence at The Pavilions is a stellar opportunity that beckons with open arms. Seize the moment and make this slice of paradise yours!

Contract Sarah Drew today on 0444 555 144 as this property won’t last long.

Advertising Disclaimer:
You are advised that while every effort has been made to ensure the accuracy of information herein is true, accurate and obtained from reliable sources and is for general information only. Drew Property Group and related entities are not responsible for and disclaims all liability and responsibility, including for negligence, for errors, for omissions or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein and must instead satisfy themselves by inspection or otherwise.

COVID – 19 Disclaimer:
All representatives of our agency will conduct open homes and private inspections as per the social distancing rules in accordance with Government guidelines.

Property History for 1501/10 Fifth Ave, Palm Beach, QLD 4221

A timeline of how this property has performed in the market
Last Sold
$905,000
13 Jan 2024
Listed for Rent
$630/w
21 Mar 2018
  • 13 Jan 2024
    Sold for $905,000
  • 10 Jan 2024
    Listed for Sale Offers Over $850,000
  • 24 Jan 2018
    Listed for Rent - Price not available
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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 10,510 properties. Over the last 5 years, Houses in Palm Beach have seen a 100.85% increase in median value, while Units have seen a 118.01% increase. As at 30 November 2024:

  • The median value for Houses in Palm Beach is $1,833,657 while the median value for Units is $1,042,342.
  • Houses have a median rent of $950 while Units have a median rent of $750.
There are currently 60 properties listed for sale, and 27 properties listed for rent in Palm beach on OnTheHouse. According to CoreLogic's data, 522 properties were sold in the past 12 months in Palm beach.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.