20 First AvenuePalm Beach QLD 4221
Property Details for 20 First Ave, Palm Beach
20 First Ave, Palm Beach is a 6 bedroom, 3 bathroom Unit with 2 parking spaces. The property has a land size of 620m2 and floor size of 119m2. While the property is not currently for sale or for rent, it was last sold in May 2023.
Last Listing description (July 2023)
Huge opportunity for the right buyer to finish this partially built property and reap the rewards.
The existing builder has collapsed leaving the owner seeking a sale or Joint Venture to finish the building.
Plans and approvals are in place to potentially split into three seperate 2-bedroom dwellings plus a carer's quarters - to be split into three strata titled properties or a community title. The build has been purpose built to meet the requirements for NDIS (SDA) funded accomodation which has potential return of $130,000 per dwelling per annum (subject to relevant approvals).
Highlights:
- Prime 620sqm Palm Beach block - zoned medium density residential
- Purpose built (partially) for NDIS/SDA funded accomodation (subject to relevant approvals)
- Approx 350m flat walk to beach
- Approx 350m flat walk to Pavilions on Fifth Shopping Centre
- Close to cafe's restaurants and amenities
- Easy access to M1, John Flynn Hospital, Southern Cross University
Contact us now for more information.
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Property History for 20 First Ave, Palm Beach, QLD 4221
- 05 Jul 2023Listed for Sale Not Disclosed
- 24 May 2023Sold for $1,800,000
- 12 May 2023Listed for Sale Under Contract
Recent sales nearby
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0About Palm Beach 4221
The size of Palm Beach is approximately 6.3 square kilometres. It has 12 parks covering nearly 16.0% of 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 10,592 properties. Over the last 5 years, Houses in Palm Beach have seen a 90.23% increase in median value, while Units have seen a 111.90% increase. As at 30 November 2025:
- The median value for Houses in Palm Beach is $2,030,005 while the median value for Units is $1,189,262.
- Houses have a median rent of $915 while Units have a median rent of $800.
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