OFF MARKET

45/81-85 Cedar Road
Palm Cove QLD 4879

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 109m2
Land area: 109m2
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Property Details for 45/81-85 Cedar Rd, Palm Cove

45/81-85 Cedar Rd, Palm Cove is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2004. The property has a land size of 109m2 and floor size of 109m2. While the property is not currently for sale or for rent, it was last sold in February 2021.

Building Type
Unit
Year Built
2004
Floor Size
109m2
Land Size
109m2
Local Government
Cairns Regional
Lot/Plan
45/SP174182

Last Listing description (April 2021)

Escape life at your leisure to this fully self-contained, 2 Bedroom 2 Bathroom dual key apartment.Mango Lagoon is the Wellness Spa capital of Palm Cove. Surrounded by endless swimming pools and lush tropical gardens. With amazing on-site facilitates this property suits investors and visitors alike. Walking distance from Palm Cove foreshore, restaurant precincts, public transport and health centre. 20 minutes from Cairns International Airport and 40 minute drive to Port DouglasImmerse yourself in this fully self-contained, 2 Bedroom, dual key, top floor apartment. Showing solid investment returns. Having a dual key apartment increases the returns for this apartment. It provides for 2 rental incomes, as it can be rented out as a 2 Bed/ 2 Bath Apartment or a 1 Bed Apartment and a 1 Bed studio apartment.Apartment Features at a glance:2 Bedrooms ( Dual Key )2 bathroomsTop FloorFully FurnishedWell maintained modern fixtures and fittingsFull Kitchen and Laundry facilitiesViews over the swimming poolsLouvres for total privacyResort Facilities:4 Lagoon Style PoolsOn site management2.5 acres of lush tropical gardensWellness SpaContinental Breakfast dining available dailyInternet Cafe amp; wireless Internet connectivity5 minute stroll to the beachExtensive Tour DeskSome of the best staff around, with a huge number of repeat guests.Body Corporate approx. $7,800 per yearCouncil rates approx. $2,600.00 per yearStrong Return Potential Note** This complex is not suitable for long term owner residency Viewing by appointment only please call Nick Pelucchi

Property History for 45/81-85 Cedar Rd, Palm Cove, QLD 4879

A timeline of how this property has performed in the market
Last Sold
$175,000
26 Feb 2021
  • 26 Feb 2021
    Sold for $175,000
  • 21 Mar 2018
    Listed for Sale Under Contract
  • 30 Jun 2015
    Listed for Sale $180,000
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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.
There are currently 55 properties listed for sale, and 10 properties listed for rent in Palm cove on OnTheHouse. According to CoreLogic's data, 133 properties were sold in the past 12 months in Palm cove.

Suburb Insights for Palm Cove 4879

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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.