7/233-237 Esplanade Cairns North QLD 4870
Property Details for 7/233-237 Esplanade, Cairns North
7/233-237 Esplanade, Cairns North is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a land size of 52m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 1 bedroom Apartment sold in Cairns North in the last 12 months.
Last Listing description (October 2025)
Perfectly positioned on the ground floor of the highly sought-after Waterfront Terraces complex, this fully furnished and self-contained 1-bedroom apartment presents a prime opportunity for investors looking to secure a high-performing asset in one of Cairns' most in-demand locations.
Offering 52m² of well-designed, low-maintenance living space, the apartment features an open-plan layout with tiled living, a carpeted bedroom, and a private patio with direct access to the resort-style pool—an attractive feature for short-term guests.
Currently managed by experienced onsite professionals, the property operates as a successful holiday let, delivering consistent returns. Investors can choose from flexible management options, with the property currently under new, motivated on-site managers who are actively working to enhance guest experience and revenue performance.
Located just steps from the Cairns Esplanade, hospital, cafes, and schools, the apartment is ideally situated to attract both tourists and tenants year-round.
With limited properties available in this tightly held complex and strong buyer demand in the Cairns market, this is a smart, set-and-forget investment offering solid returns and future capital growth.
KEY FEATURES:
• Fully furnished and self-contained 1-bedroom apartment
• Ground floor with private patio and pool access
• Open-plan tiled living and dining area
• Carpeted bedroom with built-in robe
• Granite kitchen benchtop and full-size appliances
• Ducted air-conditioning for year-round comfort
• Secure gated entry from both Esplanade and Lake Street
• Access to large tropical in-ground pool with undercover BBQ facility
• Solar power, NBN connected, and internal laundry with extra storage space
• Onsite parking available (no car park on title)
• Professionally managed by onsite management team
INVESTMENT SNAPSHOT:
• Net Return: (pre-new management) just over $22,000 annually
• Rates $3,000 approx pa
• Body Corp Fees $7,627 approx pa
• Current Use: Holiday let with strong occupancy and rental returns
• Use flexibility: Stay up to 3 months or lease long/short term
• Management Options: Choose to use the onsite management, engage an external agency, or self-manage—the choice is yours
• Proven returns from tourism, business, and medical stays
• Low maintenance with high appeal in the Cairns market
• Perfect set-and-forget investment with peace of mind
UNBEATABLE LOCATION:
• Directly on the Cairns Esplanade for morning walks and sunset views
• Walk to Cairns Base Hospital, cafes, restaurants, and the CBD
• In the Cairns High School catchment
• Near Mother of Good Counsel Primary and St Monica’s College
TROPICAL LIFESTYLE WITH URBAN CONVENIENCE
With resort facilities, unbeatable waterfront positioning, and a proven track record of returns, this apartment in Waterfront Terraces is a rare opportunity in a tightly held complex.
Whether you're seeking a carefree holiday base or a high-performing short-term rental, this tropical gem offers exceptional flexibility and strong returns in one of Cairns’ most desirable waterfront locations.
Contact Naomi today to secure your slice of Cairns' vibrant Esplanade lifestyle.
Property History for 7/233-237 Esplanade, Cairns North, QLD 4870
- 10 Oct 2025Sold for $420,000
- 09 May 2025Listed for Sale Offers Over $395,000
- 20 Aug 2019Sold for $175,000
Recent sales nearby
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About Cairns North 4870
The size of Cairns North is approximately 2.9 square kilometres. It has 6 parks covering nearly 9.7% of 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 3,986 properties. Over the last 5 years, Houses in Cairns North have seen a 53.53% increase in median value, while Units have seen a 110.54% increase. As at 30 April 2026:
- The median value for Houses in Cairns North is $796,214 while the median value for Units is $498,352.
- Houses have a median rent of $650 while Units have a median rent of $540.
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