1156 Gold Coast Highway, Palm Beach, QLD 4221 sold on 31 January 2026 | OnTheHouse
SOLD
Sold on 31 Jan 2026 for $19,000,000

1156 Gold Coast Highway
Palm Beach QLD 4221

Bedrooms: -
Bathrooms: -
Car spaces: 16
Floor area: 113m2
Land area: 824m2
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Property Details for 1156 Gold Coast Hwy, Palm Beach

Building Type
Commercial
Floor Size
113m2
Land Size
824m2
Local Government
Gold Coast City
Lot/Plan
65/RP32000

Last Listing description (May 2023)

This high exposure corner position is now for lease.

The Cove Palm Beach is located on a prime corner site at the intersection of the Gold Coast Highway and Seventh Avenue in the centre of Palm Beach's retail and professional precinct.


With direct exposure to the Gold Coast Highway it has great car/foot traffic any day of the week. It also has 16 convenient car spaces shared by tenant clientele. While an abundant council car park is only a stone throw away.

A 101m opportunity is available for Retail or F&B to occupy this high profile neighbourhood centre. Join other national tenants including Subway, Snap Fitness alongside other well established local restaurants and businesses.

Palm Beach has experienced high growth in the last few years, with this boom continuing as new residential developments continue in the immediate surroundings. Its Main Trade area population is 53,739 which includes the immediate suburbs around Palm Beach.

THE OPPORTUNITY
101.1 m
Large frontage
Ground Floor
Retail or F&B

Don't miss out on this incredible opportunity!
Contact exclusive agents for further information.

Property History for 1156 Gold Coast Hwy, Palm Beach, QLD 4221

A timeline of how this property has performed in the market
Last Sold
$19,000,000
31 Jan 2026
Listed for Rent
03 May 2023
  • 31 Jan 2026
    Sold for $19,000,000
  • 23 Dec 2022
    Listed for Rent - Price not available
  • 10 Jul 2015
    Listed for Rent $36,720 / year
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About Palm Beach 4221

The size of Palm Beach is approximately 6.3 square kilometres. There are 12 parks, covering nearly 16.0% of the total area. The population of Palm Beach in 2016 was 14654 people. By 2021 the population was 16349 showing a population growth of 11.6% in the area during that time. The predominant age group in Palm Beach is 30-39 years. Households in Palm Beach are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Palm Beach work in a professional occupation.In 2021, 60.60% of the homes in Palm Beach were owner-occupied compared with 55.20% in 2016.

Palm Beach has 10,715 properties. Over the last 5 years, Houses in Palm Beach have seen a 60.46% increase in median value, while Units have seen a 68.59% increase. As at 31 July 2026:

  • The median value for Houses in Palm Beach is $2,152,258 while the median value for Units is $1,194,384.
  • Houses have a median rent of $1,150 while Units have a median rent of $850.
There are currently 126 properties listed for sale, and 36 properties listed for rent in Palm beach on OnTheHouse. According to Cotality's data, 526 properties were sold in the past 12 months in Palm beach.

Suburb Insights for Palm Beach 4221

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.