347/305-341 Coral Coast DrivePalm Cove QLD 4879
Property Details for 347/305-341 Coral Coast Dr, Palm Cove
347/305-341 Coral Coast Dr, Palm Cove is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1989. The property has a land size of 53m2 and floor size of 53m2. While the property is not currently for sale or for rent, it was last sold in June 2023.
Last Listing description (September 2023)
With a prime position within the popular Coral Coast Resort this one bedroom apartment is an affordable option for investors, downsizers and 1st home buyers. The light, open interior is offset by a tropical outlook, delivering plenty of space to enjoy an al fresco lifestyle. Reasonable body corporate fees, high occupancy for both long term and holiday letting makes this outstanding property ideal as an entry level investment or first home in an extremely sought-after location. The Coral Coast Resort is just a short walk from the beautiful beach and vibrant esplanade precinct of Palm Cove.
- Balcony overlooking plenty of greenery
- Scope for improvement
- Strong holiday letting/long term letting potential for investors
- Currently vacant but would rent for around $350p/w to a long term tenant
- Body Corporate Fees are $5,221.44 and Council Rate approx. $2,700p/a
- Onsite facilities include 4 separate pools, well maintained gardens BBQ areas and lifts
Property History for 347/305-341 Coral Coast Dr, Palm Cove, QLD 4879
- 23 Jun 2023Sold for $250,000
- 16 Jun 2023Listed for Sale Not Disclosed
- 04 Oct 2014Sold for $115,000
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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 2,775 properties. Over the last 5 years, Houses in Palm Cove have seen a 61.74% increase in median value, while Units have seen a 63.83% increase. As at 31 October 2024:
- The median value for Houses in Palm Cove is $998,737 while the median value for Units is $559,734.
- Houses have a median rent of $750 while Units have a median rent of $485.
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