227 Coral Coast Dr, Palm Cove is a 2 bedroom, 1 bathroom Unit.
If you have been looking for the perfect investment, look no further! This is the property you have been searching for.
Located in the beautiful Coral Coast Resort, this apartment is only a short walk from the Palm Cove Esplanade and all the amazing restaurants that Palm Cove has to offer.
The light-filled and open layout offers an easy to maintain property. Taking advantage of the tropical breeze, this apartment is ready to give you a return immediately or a light refurbishment will see you obtain a higher weekly rental return. Currently leased to a long term tenant, this resort style living, on the second-floor, is a sought after rental for tenants and will never be empty .
The apartment is being sold lightly furnished, has moderate body corporate fees and is currently enjoyed by a long-term tenant making this the perfect low-risk addition to any property portfolio.
Features:
2 Bedroom 1 Bathroom
Air conditioning throughout
Second Floor
2 lift access
Access to 4 resort pools
Good size balcony
Inspection by appointment
Have your piece of paradise with a return on investment hard to beat!
THE FACTS
Body Corporate Fees - approx $7400 pa
Council Rates - approx $2600 pa
Weekly Rent $285pw month by month lease
The size of Palm Cove is approximately 3.6 square kilometres. There are 11 parks, covering nearly 24.5% of the 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 2,853 properties. Over the last 5 years, Houses in Palm Cove have seen a 65.40% increase in median value, while Units have seen a 91.10% increase. As at 31 July 2026:
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