OFF MARKET

13/81-85 Cedar Road
Palm Cove QLD 4879

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 87m2
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Property Details for 13/81-85 Cedar Rd, Palm Cove

13/81-85 Cedar Rd, Palm Cove is a 1 bedroom, 1 bathroom Unit and was built in 1999. The property has a land size of 87m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
Unit
Year Built
1999
Land Size
87m2
Local Government
Cairns Regional
Lot/Plan
13/SP174182

Last Listing description (June 2023)

Unique investment opportunity in Palm Cove paradise!

This is a rare opportunity to purchase an incredible investment property in Tropical Queensland: a very much sought-after ground floor apartment at Mango Lagoon Resort, in the luxury area of Palm Cove.

Located a quick 20 min drive from Cairns International airport and a 35 min drive form Port Douglas, Mango Lagoon Resort & Wellness Spa is a piece of paradise by itself, offering 4 magnificent pools surrounded by 2.5 acres of manicured tropical gardens, an on-site Caf and free Wi-Fi all across the properties and outdoor areas. Walking distance from Palm Cove Esplanade and beaches, restaurant precincts, public transport and health centre.

Uniquely located in the quietness of the Resort, just behind the Spa, only a tree frog jump away from the Resort's pools, the unit 13 has been preserved in its original presentation, in the spirit of the Resort. Kept in very good maintenance condition, this property is the perfect canvas for a smart investor as it will take only very little to bring it to the top of our properties. Equipped with a brand-new multi-head air-conditioning system, replaced January 2021, this unit is only one of the 6 available in the Resort, with the special feature of shower over jacuzzi bath. Fully self-contained, this 1 Bedroom / 1 Bathroom apartment is located on the ground floor, with private patio and easy access to the pools. This gem on Mango Lagoon's crown is looking to remain in the Resort's letting pool, and to provide to its new owners some solid investment returns.

As a new investor, you will have a dedicated and professional on-site management team, committed to maximizing your holiday rental return, whilst also maintaining and striving to improve an already quality unit. Plus, you'll have the added bonus of being able to come and relax in your holiday home (during the quieter times of the year) and enjoy the peace and quiet of Palm Cove.

Don't miss it, this unit is for sure one the best available of its kind on the property, and will sell quick!

Please remember that Mango Lagoon Resort is zoned as "holiday only" by Cairns Regional Council, and no permanent residence is allowed, or onsite living by owners.

Apartment Features:
- 1 Bedroom (split bed) / 1 bathroom
- Ground Floor
- Furnished
- New aircon system (outdoor unit + 3x head units)
- New washing machine
- Unique tropical style
- Full kitchen / Full laundry facilities
- Easy access to swimming pools

Resort Features:
- 3 Lagoon style pools and 1 Olympic size lap pool (50m!)
- 2.5 acres of manicured tropical gardens
- Wellness Spa
- Breakfast and Lunch Caf operated by local Chef
- High speed wireless Internet connectivity
- 5 minute stroll to the beach
- Extensive Tour Desk
- Some of the best on-site management staff around, with a huge number of repeat guests.

Property History for 13/81-85 Cedar Rd, Palm Cove, QLD 4879

A timeline of how this property has performed in the market
Last Sold
$255,000
21 Mar 2023
  • 21 Mar 2023
    Sold for $255,000
  • 09 Mar 2023
    Listed for Sale Offers in high $250,000
  • 13 Sep 2016
    Listed for Sale $185,000
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About Palm Cove 4879

The size of Palm Cove is approximately 3.6 square kilometres. It has 11 parks covering nearly 24.5% of total area. The population of Palm Cove in 2011 was 1,656 people. By 2016 the population was 2,082 showing a population growth of 25.7% in the area during that time. The predominant age group in Palm Cove is 60-69 years. Households in Palm Cove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Palm Cove work in a professional occupation. In 2011, 49.6% of the homes in Palm Cove were owner-occupied compared with 57.1% in 2016.

Palm Cove has 2,787 properties. Over the last 5 years, Houses in Palm Cove have seen a 62.74% increase in median value, while Units have seen a 53.29% increase. As at 30 September 2024:

  • The median value for Houses in Palm Cove is $1,002,548 while the median value for Units is $536,421.
  • Houses have a median rent of $760 while Units have a median rent of $475.
There are currently 55 properties listed for sale, and 12 properties listed for rent in Palm cove on OnTheHouse. According to CoreLogic's data, 138 properties were sold in the past 12 months in Palm cove.

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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.