OFF MARKET

404 The Esplanade
Palm Beach QLD 4221

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 129m2
Land area: 412m2
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Property Details for 404 The Esplanade, Palm Beach

404 The Esplanade, Palm Beach is a 2 bedroom, 1 bathroom House and was built in 1950. The property has a land size of 412m2 and floor size of 129m2. While the property is not currently for sale or for rent, it was last sold in February 2014.

Building Type
House
Year Built
1950
Floor Size
129m2
Land Size
412m2
Local Government
Gold Coast City
Lot/Plan
82/RP41329

Last Listing description (March 2014)

Do you want to reduce your carbon footprint? How about no car, no driveway and no street access!

Truly experience the exhilaration of living on the edge. The edge of the Pacific Ocean on a 412m absolute beachfront block in an original 1950's cottage. Issues are opportunities brilliantly disguised as unsolvable problems. This property can only be accessed from the beachfront by walking South from Twenty Third Avenue or North from Twenty First Avenue, Palm Beach. Remember, if you're not living on the edge you're taking up too much room.

- 412m block with absolute beach frontage

- original 1950's cottage
- access via beachfront only
- choice of living configuration
- property memorandum available upon request

Henry Jordan, a Queensland parliamentarian and sugar planter living in the Logan area, selected much of the coastal land between Tallebudgera and Currumbin Creeks in 1873.

Gradually, Jordan added to his block, his property encompassed today's Palm Beach, Elanora, and Currumbin Waters.

In a period between 1880 to 1890, a retired railway worker and early land speculator, William Wood, acquired 400 acres of Jordan's coastal block.

Wood had numerous properties in south east Queensland and only appears to have lived at Palm Beach towards the end of his life.

Before World War 1, a Mr John Crimp occupied a homestead and grazed cattle on Wood's property.

Wiliam Wood's property south of Tallebudgera Creek was purchased by the Palm Beach Company Ltd around 1921.

The first housing allotments were subdivided from Cypress Avenue to the foreshore and were available for sale after 1922.

One of the first families to build a home on the estate at 4th Avenue, was the surveyor and development manager, Perc Ballard and his wife, Annie.

By 1925 there were twenty or so seaside homes on the Palm Beach estate. Potential investors and holiday makers were encouraged to stay at a boarding house (Anada) or lunch at tea rooms built by the company.

When the road bridges were constructed over the Tallebudgera and Currumbin Creeks in 1926, the Palm Beach Hotel, erected in the same year, was a convenient stopping place for passing motor traffic.

Word spread and many families from Brisbane, Ipswich, the Darling Downs or Western Districts of Queensland built their timber or fibro beach house or camped along the long sweep of beach.

Today, the Palm Beach/ Elanora is one of the most densely populated areas of the Gold Coast and in recent years the area has expanded to include new subdivisions, including a small section of canal development.
(SOURCE: goldcoast.qld.gov.au)

Property History for 404 The Esplanade, Palm Beach, QLD 4221

A timeline of how this property has performed in the market
Last Sold
$870,000
08 Feb 2014
  • 08 Feb 2014
    Sold for $870,000
  • 23 Nov 2012
    Listed for Sale $1,095,000
  • 24 May 1998
    Sold for $360,000
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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 10,403 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.
There are currently 83 properties listed for sale, and 30 properties listed for rent in Palm beach on OnTheHouse. According to CoreLogic's data, 500 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.