SOLD
RECENT ADVICE
Sold on 19 Nov 2024 for $725,000

1502/10 Fifth Avenue
Palm Beach QLD 4221

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Property Details for 1502/10 Fifth Ave, Palm Beach

1502/10 Fifth Ave, Palm Beach is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 1 bedroom Apartment sold in Palm Beach in the last 12 months.

Building Type
Apartment

Last Listing description (November 2024)

Escape to a coastal getaway at this beautiful one-bedroom apartment in Palm Beach! Perfectly positioned with breathtaking ocean and lush Hinterland views from the lounge, balcony and bedroom, this apartment offers an idyllic sanctuary and an incredible investment opportunity.

Whether you’re seeking a profitable Airbnb option or a serene vacation home, this property blends comfort, style, and a prime location just minutes from Gold Coast Airport.

The lounge is designed for ultimate relaxation, featuring air-conditioning to keep you or your guests comfortable year-round. A seamless flow takes you from the living area to a spacious balcony, where you can unwind with a glass of wine or morning coffee, soaking in the stunning vistas of the ocean and picturesque Hinterland.

Distinguished features of this residence include:
• Large king-size bedroom with ocean views and a walk-through robe
• Open-plan kitchen with dishwasher, electric oven, gas cooking and fridge.
• Ambient air-conditioning in the lounge, plus a fan in the bedroom
• Sliding doors connect the lounge to the spacious, north-facing balcony with sweeping ocean and Hinterland views
• Dual access bathroom, light-filled and conveniently accessible from the bedroom
• European laundry with included washing machine and sink
• Being sold fully furnished
• 1 secure basement car space in a building with lift access

Resort-style amenities offer additional appeal for guests and residents alike, including:
• 25m in-ground pool and heated spa
• Rooftop barbecue area with panoramic coastal and Hinterland views
• Secure intercom access and a convenient lift just steps away from the carpark

Financial Highlights:
• Current Rental Return: Leased at $695 per week, offering a fantastic income for investors or future Airbnb hosts
• Body Corporate Fees: Approx $150 per week
• Rates: Approx $1,700 per year
• Water: Approx $1,200 per year

The Pavilions at Palm Beach is committed to sustainability, with solar power funding all common area electricity costs. This eco-conscious feature, along with its luxury amenities, enhances both long-term value and rental appeal.

Prime Location and Investment Potential:
Palm Beach is a premier real estate destination on the Gold Coast, renowned for its lifestyle appeal and steady growth potential. Excitingly, the newly redeveloped Palm Beach Aquatic and Community Centre is now open, adding even more convenience to the area.

Positioned just across from the beach and surrounded by a vibrant array of shops, cafes, restaurants, and fitness centres, The Pavilions offers a lifestyle of ease and entertainment.
With fast access to the Gold Coast International Airport and the M1 motorway, this apartment stands as a top-tier investment in a highly desirable location.

Whether you're looking to add a lucrative gem to your property portfolio or secure the perfect coastal retreat, this residence at The Pavilions is a stellar opportunity waiting to be claimed. Don’t miss your chance to own this slice of paradise!

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

Property History for 1502/10 Fifth Ave, Palm Beach, QLD 4221

A timeline of how this property has performed in the market
Last Sold
$725,000
19 Nov 2024
Listed for Rent
$725/w
11 Apr 2024
  • 19 Nov 2024
    Sold for $725,000
  • 14 Nov 2024
    Listed for Sale Expressions of Interest
  • 11 Apr 2024
    Listed for Rent $725 / week
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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 59 properties listed for sale, and 26 properties listed for rent in Palm beach on OnTheHouse. According to CoreLogic's data, 519 properties were sold in the past 12 months in Palm beach.

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Sarah Drew
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Emily Drew
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Drew Property Group
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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.