SOLD
Sold on 22 Jan 2024 for $800,000

5/373 Cypress Terrace N
Palm Beach QLD 4221

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 107m2
Land area: 243m2
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McGrath Palm Beach QLD (F)
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Property Details for 5/373 Cypress Tce N, Palm Beach

5/373 Cypress Tce N, Palm Beach is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1990. The property has a land size of 243m2 and floor size of 107m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 2 bedroom Unit sold in Palm Beach in the last 12 months.

Building Type
Unit
Year Built
1990
Floor Size
107m2
Land Size
243m2
Local Government
Gold Coast City
Lot/Plan
5/BUP10307

Last Listing description (February 2024)

In an enviable locale in the heart of Palm Beach's vibrant cafe culture and beach lifestyle, this remarkably spacious and meticulously renovated apartment is a rare offering. It's close to popular local eateries and just moments to the beach and Tallebudgera Creek.

- Superbly set in quiet complex of seven with security access
- Impeccably renovated in a timeless, coastal aesthetic

- Exceptionally spacious interiors are awash in natural light
- Enjoy seamless flow to large covered entertainers' balcony
- Sleek kitchen with stone bench tops and quality appliances
- Two airy, generous bedrooms with large built in robes
- Spacious main bedroom features ensuite and private balcony
- Air conditioning, NBN connectivity, low body corporate fees
- Secure basement parking with internal building access
- Walking distance to the beach, shops, schools, public transport, Espresso Moto, SLSC, BWS and Chemist
- Council Rates: $2,414.46 per annum. Water Rates: $1,308.36 per annum.
- Rental appraisal: $700 per week
- Body Corporate rates: $57.69 per week

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Property History for 5/373 Cypress Tce N, Palm Beach, QLD 4221

A timeline of how this property has performed in the market
Last Sold
$800,000
22 Jan 2024
Listed for Rent
$420/w
04 Aug 2017
  • 22 Jan 2024
    Sold for $800,000
  • 15 Jan 2024
    Listed for Sale Not Disclosed
  • 23 Oct 2019
    Sold for $485,000
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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 10,400 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 72 properties listed for sale, and 37 properties listed for rent in Palm beach on OnTheHouse. According to CoreLogic's data, 493 properties were sold in the past 12 months in Palm beach.

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