262 Lake StreetCairns North QLD 4870
Property Details for 262 Lake St, Cairns North
Last Listing description (June 2026)
A rare corner holding just 50m from the Cairns Esplanade, this 415m2 block offers exceptional potential in a highly sought-after position. Zoned Tourist Accommodation within the City Centre Local Plan (Precinct 1), the site allows for a variety of small-scale development outcomes from an exclusive single residence or boutique townhouses, through to one-per-floor apartments with sweeping coastal outlooks.
Dual street frontage to Lake and McKenzie Streets provides design flexibility, excellent access, and a commanding presence in a rapidly evolving pocket of Cairns. With mid- to high-rise residential neighbours already established, this site is primed for quality development that complements the vibrant Esplanade lifestyle.
- 415m2 zoned: Tourist Accommodation
- Current approval for 4 x 3 bedroom units + rooftop (expires September 2027)
- Concept plans show max density: 6 stories, 4 x 2 bed, 2 x 3 bed over 6 levels
- Only half a block from the Esplanade
- Walk to hospital
Property History for 262 Lake St, Cairns North, QLD 4870
- 24 Jun 2026Listed for Sale $739,000
- 29 Sep 2025Listed for Sale Offers over $750,000
- 18 Jan 2024Sold for $705,000
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About Cairns North 4870
The size of Cairns North is approximately 2.9 square kilometres. There are 6 parks, covering nearly 9.7% of the total area. The population of Cairns North in 2016 was 5191 people. By 2021 the population was 5334 showing a population growth of 2.8% in the area during that time. The predominant age group in Cairns North is 20-29 years. Households in Cairns North are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cairns North work in a professional occupation.In 2021, 33.80% of the homes in Cairns North were owner-occupied compared with 29.20% in 2016.
Cairns North has 3,989 properties. Over the last 5 years, Houses in Cairns North have seen a 51.27% increase in median value, while Units have seen a 102.53% increase. As at 30 June 2026:
- The median value for Houses in Cairns North is $793,888 while the median value for Units is $498,626.
- Houses have a median rent of $695 while Units have a median rent of $550.
Suburb Insights for Cairns North 4870
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