40/81-85 Cedar RoadPalm Cove QLD 4879
Property Details for 40/81-85 Cedar Rd, Palm Cove
40/81-85 Cedar Rd, Palm Cove is a 2 bedroom, 2 bathroom Unit and was built in 2004. The property has a land size of 118m2 and floor size of 109m2. While the property is not currently for sale or for rent, it was last sold in January 2023.
Last Listing description (April 2023)
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 center.
Uniquely, the unit 40 has never been offered to guests as a rental property but been carefully kept and maintained by their original owners for their own use, few weeks a year. Freshly repainted in 2022, it has also a new air conditioning system replaced in December 2021. Fully self-contained, this 2 Bedroom / 2 Bathroom apartment with dual key 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 join 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:
- 2 Bedrooms (dual keys) / 2 bathrooms 120 sqm
- Ground Floor
- Private Courtyard / Patio
- Partially furnished
- New paint
- New aircon system (outdoor unit + 3x head units)
- 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 40/81-85 Cedar Rd, Palm Cove, QLD 4879
- 20 Jan 2023Sold for $350,000
- 13 Dec 2022Listed for Sale $350,000
- 04 Sep 2007Transferred for $280,000
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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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