SOLD
Sold on 16 Mar 2024 for $1,500,000

7 Eighth Avenue
Palm Beach QLD 4221

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Land area: 405m2
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Property Details for 7 Eighth Ave, Palm Beach

7 Eighth Ave, Palm Beach is a 4 bedroom, 2 bathroom Unit and was built in 1980. The property has a land size of 405m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 4 bedroom Unit sold in Palm Beach in the last 12 months.

Building Type
Unit
Year Built
1980
Land Size
405m2
Local Government
Gold Coast City
Lot/Plan
76/RP32001

Last Listing description (April 2024)

Welcome to this private Palm Beach people-watching paradise, strategically positioned in the CBD at Palm Beach. Reduce your carbon footprint and be part of the solution - enjoy walking, riding and public transport to anywhere in the world from your front door.

Thrive alongside all of the activity of a growing cosmopolitan beachfront suburb which is at your doorstep. Retreat into the tranquility of a lush private north-facing backyard paradise which is at your back doorstep.

- Self-contained 2 bed unit upstairs plus self-contained 2 bed unit downstairs

- 2* minute walk to patrolled beach and Surf Club
- Immediate CBD access to bar, cafe and restaurant precinct
- 405m2* block, key position for development and / or future amalgamation
- Zoned RD5 - 1 bed per 50m2 net site area, 29* metre height limit**
- Residential Density - Medium Density Residential**
- Permanent Rental Appraisal, $1,300 - $1,500* per week ($650 - $750* per unit per week)

Travel anywhere in the world from your doorstep:

- Primary public transport route - 3* min walk to bus stop
- Distance to Gold Coast Airport - 20* mins by bus
- Distance from Gold Coast Airport to Bali (10* hrs by plane)
- Distance from Gold Coast Airport to Sydney International Airport (1.5* hrs by plane)
- Catch a bus to Robina Train Station (10* km / 45* mins), then the train to Brisbane International Airport (2* hours)
- Distance from Brisbane to Paris (24* hours by plane)
- Distance from Brisbane to New York (26.5* hours by plane)
- Distance from Brisbane to London (24* hours by plane)

(*All figures above are approximate only)

** Town Planning information obtained from https://cityplan.goldcoast.qld.gov.au/eplan/property/

Disclaimer: It should be noted that this property is being sold by auction, therefore due to Real Estate legislation, and in accordance with the guidelines, a price guide isn't available. This website may have filtered the property into a price range for functionality purposes. Any estimates on this page are not provided by the agent and should not be taken as a price guide.

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Property History for 7 Eighth Ave, Palm Beach, QLD 4221

A timeline of how this property has performed in the market
Last Sold
$1,500,000
16 Mar 2024
  • 16 Mar 2024
    Sold for $1,500,000
  • 22 Feb 2024
    Listed for Sale Auction On-Site - 12.30pm Sat 16 Mar
  • 02 Jun 2020
    Listed for Rent $410 / 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 10,399 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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