SOLD
Sold on 20 May 2024 for $360,000

316/305-341 Coral Coast Drive
Palm Cove QLD 4879

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 78m2
Land area: 78m2
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Property Details for 316/305-341 Coral Coast Dr, Palm Cove

316/305-341 Coral Coast Dr, Palm Cove is a 2 bedroom, 1 bathroom Unit and was built in 1989. The property has a land size of 78m2 and floor size of 78m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom Unit sold in Palm Cove in the last 12 months.

Building Type
Unit
Year Built
1989
Floor Size
78m2
Land Size
78m2
Local Government
Cairns Regional
Lot/Plan
96/BUP70885

Last Listing description (February 2025)

This beautifully renovated apartment is located on the first floor of the popular Coral Coast Resort, ready for immediate occupancy or holiday letting. Positioned just a short stroll from Palm Cove's stunning beach and vibrant esplanade, this unit features light-filled, open-plan interiors complemented by views of the tropical pool, providing ample space for enjoying an outdoor lifestyle. With reasonable body corporate fees, close proximity to the beach, and high occupancy rates for both long-term and holiday rentals, this property is an excellent choice for first-time buyers or investors seeking an entry-level opportunity in a highly desirable location.

Recently renovated throughout w/ updated floors, lighting, kitchen and plantation shutters
Spacious patio overlooking the pool area and BBQ facilities

Fully equipped, full-sized kitchen
- White goods included in the sale
Onsite amenities such as pools, BBQ areas, and lifts
Reasonable body corporate fees, with strong potential for holiday or long-term rentals ($500p/w+ unfurnished or $550p/w+ furnished)
Superb location just a short walk from the beach, cafes, and restaurants

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Property History for 316/305-341 Coral Coast Dr, Palm Cove, QLD 4879

A timeline of how this property has performed in the market
Last Sold
$360,000
20 May 2024
  • 22 Jan 2025
    Listed for Sale $410,000
  • 20 May 2024
    Sold for $360,000
  • 19 Apr 2021
    Sold for $235,000
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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 2,814 properties. Over the last 5 years, Houses in Palm Cove have seen a 61.21% increase in median value, while Units have seen a 46.02% increase. As at 28 February 2025:

  • The median value for Houses in Palm Cove is $1,011,036 while the median value for Units is $497,542.
  • Houses have a median rent of $720 while Units have a median rent of $490.
There are currently 45 properties listed for sale, and 18 properties listed for rent in Palm cove on OnTheHouse. According to CoreLogic's data, 144 properties were sold in the past 12 months in Palm cove.

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