OFF MARKET

55/81-85 Cedar Road
Palm Cove QLD 4879

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 106m2
Land area: 106m2
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Last updated 11 Nov 2024
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Property Details for 55/81-85 Cedar Rd, Palm Cove

55/81-85 Cedar Rd, Palm Cove is a 2 bedroom, 2 bathroom Unit and was built in 2004. The property has a land size of 106m2 and floor size of 106m2. While the property is not currently for sale or for rent, it was last sold in April 2022.

Building Type
Unit
Year Built
2004
Floor Size
106m2
Land Size
106m2
Local Government
Cairns Regional
Lot/Plan
55/SP174182

Last Listing description (July 2022)

This delightful, fully furnished 2 bedroom, 2 bathroom dual key apartment located in the wonderful Mango Lagoon Resort presents an ideal opportunity to purchase an affordable holiday, investment property in Palm Cove.
This dual key apartment comprises a large 1 b/room unit & a smaller separate 1 b/room studio thus providing the opportunity of 2 separate income streams should you wish.
The Mango Lagoon Resort, is set on 2.5 acres of beautiful gardens and 4 stunning swimming pools only minutes from Palm Cove's renown waterfront.

Being upstairs, not only is this apartment private, you'll also enjoy the cooling sea breezes.
This apartment has been priced to sell & it could well be your opportunity to purchase in the highly sought after suburb of Palm Cove.
Just imagine the holiday gatherings that you & your family could enjoy in the years to come, in your very own dual key apartment whilst you're holidaying in beautiful Palm Cove.
As the Owner, you'll be able to enjoy this fabulous apartment for up to 3 months per year, whilst earning an income at other times.
Presently tenanted for $370 / week on a periodic, quarterly lease, this apartment represents not only a solid investment but also offers a wonderful lifestyle opportunity.
Body Corporate Fees are approx. $7,900 / year & Council Rates are approx. $2,600 / year.

Please note this apartment is unable to be lived in on a permanent basis.
Also please note that the photos used to depict the interior of this apartment are indicative only.

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Property History for 55/81-85 Cedar Rd, Palm Cove, QLD 4879

A timeline of how this property has performed in the market
Last Sold
$275,000
26 Apr 2022
Listed for Rent
$350/w
08 Dec 2020
  • 26 Apr 2022
    Sold for $275,000
  • 11 Mar 2022
    Listed for Sale Offers over $275,000
  • 06 Nov 2019
    Listed for Rent $335 / week
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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.

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