In one of Australia's premier tourist destinations, discover this superb opportunity to invest in a blank canvas with position, potential and unlimited possibilities. As one of the few remaining development sites in the sophisticated beachside community of Palm Cove, this prime 977m2 vacant block offers virtually unrestricted prospects for an investor with vision and high expectations.
Less than 100 metres from the beach, the large corner site (Veivers and Triton) is nestled in an enclave of luxury resorts, world class restaurants and stylish boutiques. With unbeatable street appeal, excellent access, and tourist/residential zoning, it offers a wide range of opportunities for investment in holiday or residential multi unit/retail development.
Just 25 minutes from the Cairns Airport and CBD and 45 minutes scenic drive from Port Douglas to the north, as well as being a firm favourite with locals, Palm Cove enjoys patronage from increasing numbers of both international and domestic visitors. Internationally renowned as a luxury spa and wedding destination, its spectacular beachfront aspect and elegant village ambience have set Palm Cove as the jewel in North Queensland's considerable crown.
The size of Palm Cove is approximately 3.6 square kilometres. It has 11 parks covering nearly 24.5% of total area. The population of Palm Cove in 2016 was 2059 people. By 2021 the population was 2450 showing a population growth of 19.0% in the area during that time. The predominant age group in Palm Cove is 60-69 years. Households in Palm Cove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Palm Cove work in a professional occupation.In 2021, 66.80% of the homes in Palm Cove were owner-occupied compared with 57.10% in 2016.
Palm Cove has 2,879 properties. Over the last 5 years, Houses in Palm Cove have seen a 67.63% increase in median value, while Units have seen a 103.21% increase. As at 31 December 2025:
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