22/987 Gold Coast Hwy, Palm Beach is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1978. The property has a land size of 752m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in June 2023.
Positioned on the top floor of the three-level, solid-as-a-rock brick complex 'Malian Pacific', with low ongoing fees and fantastic, walk-to-it-all amenities, this well-equipped, affordable apartment boasts a northeast aspect, partial ocean views and renovated interiors.
Set back from the highway, with driveway access off the renowned Jefferson Lane and just a minute's walk from the beach down Lacey's Lane, the enviable location presents not only a great weekend escape but offers exceptional investment potential and a sound rental return, with Gold Coast property prices tipped to soar in the coming years.
A great holiday spot or permanent coastal digs, everything is close at hand, including the dog off-leash beach for your furry friend, dining at Palm Beach Surf Club while overlooking the waves and every Saturday's Palm Beach Farmers' Markets.
Owner occupiers and tenants will appreciate the fact that you can leave the car in the basement and walk to a host of local cafs, restaurants, specialty retail shops and the Coles supermarket within Pavilions Palm Beach, with 19th Avenue Shopping Centre and The Pines Elanora located approximately 5-6 minutes drive away.
This carefree, easy-living apartment features air-conditioned, tiled living areas that open onto a balcony. Catch the sunrise over the water with your morning coffee and enjoy the sunshine's warmth during winter and the cool summer breezes you'll receive from this orientation and elevation.
Recently updated interior design features include an on-trend kitchen with vivid white cabinetry and stone benchtops, high-gloss soft aqua-blue splashback tiles and black tapware. Quality appliances including an electric cooktop, under-bench oven and dishwasher have also been installed.
There is ample storage throughout, including an inbuilt console storage cabinet near the entry. Both spacious bedrooms have built-in robes, with the added benefit of a large linen cupboard. The bathroom and laundry are combined, and all windows and doors have security screens.
An extended-length, secure parking bay under the building offers parking for two small cars in tandem or enough space to store bikes and surfboards.
A well-managed, neat and tidy complex of 24 beachside apartments on a large parcel of land, the relevant by-laws, body corporate levies and insurance contributions information for 'Malian Pacific' is available for your perusal upon request.
This apartment has had a rental appraisal carried out and it is envisaged that a weekly return in the vicinity of $680-$700 is attainable.
Disclaimer:
We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracy or misstatements that may occur. Prospective purchases should make their own enquiries to verify the information contained herein.
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:
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