17 Morotai AvenuePalm Beach QLD 4221
Property Details for 17 Morotai Ave, Palm Beach
17 Morotai Ave, Palm Beach is a 3 bedroom, 1 bathroom House and was built in 1980. The property has a land size of 506m2 and floor size of 133m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom House sold in Palm Beach in the last 12 months.
Last Listing description (October 2024)
Step out of this original 1980's beach house straight into the heart of Palm Beach and its vibrant coastal lifestyle. Stroll to a choice of local restaurants, cafes and shops, or indulge in a refreshing ocean swim with the beach moments away. Great opportunity to land bank, renovate or rebuild to create your ultimate family haven.
- Premium beachside location with every lifestyle amenity at your doorstep
- 506m2 level block, Medium Density Zoning, suiting families and investors
- East facing sun-drenched backyard, perfect for capturing the summer breezes
- Stroll to local farmers' markets, enjoy breezy afternoons at the surf club
- Moments from the stunning natural beauty of Palm Beach Parklands
- Ultimate blank canvas with option to restore or completely rebuild
- Suits renovators looking for a dream coastal property and investors alike
- Light-filled flowing floor plan, double carport, walk-to-everywhere
- Currently tenanted at $750pw until Aug 2024
- Rental appraisal: $900 - $950 per week
Property History for 17 Morotai Ave, Palm Beach, QLD 4221
- 01 Aug 2024Sold for $1,685,000
- 28 May 2024Listed for Sale $1,685,000
- 24 Nov 2023Listed for Sale Not Disclosed
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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 10,533 properties. Over the last 5 years, Houses in Palm Beach have seen a 100.21% increase in median value, while Units have seen a 101.96% increase. As at 28 February 2025:
- The median value for Houses in Palm Beach is $1,829,250 while the median value for Units is $1,050,383.
- Houses have a median rent of $950 while Units have a median rent of $750.
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