1198 Gold Coast HighwayPalm Beach QLD 4221
Property Details for Lot 7/1198 Gold Coast Hwy, Palm Beach
Lot 7/1198 Gold Coast Hwy, Palm Beach is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2001. The property has a land size of 1964m2 and floor size of 91m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Unit sold in Palm Beach in the last 12 months.
Last Listing description (July 2010)
Smell the salt air
Fantastic investment in Palm Beach only 100 metres from the beach. This complex of 42 units in total has an on-site manager, bbq area, pool and security basement parking, well maintained and landscaped gardens. This 2 bedroom, 2 bathroom unit is spacious, with 90 sqm of living and a total area of 60 sqm of patio surrounded by tropical gardens. The kitchen is white in colour and has a large pantry and dishwasher. The main bedroom is situated to the back of the unit, with its own large patio. A short walk to shops, bus stop, surf club and beach, make life easy. A long term tenant in place and a low body corporate of $50.00 per week, make this an attractive investment choice.
Property History for Lot 7/1198 Gold Coast Hwy, Palm Beach, QLD 4221
- 03 Jul 2024Sold for $760,000
- 23 Nov 2020Sold for $460,000
- 27 Aug 2010Sold for $372,000
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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 10,534 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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