8 Coral Coast Dr, Palm Cove is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 7417m2. While the property is not currently for sale or for rent, it was last sold in December 2025. There are other 1 bedroom Unit sold in Palm Cove in the last 12 months.
Eight Palm Cove is a collection of 44 tropical residences in the heart of Palm Cove one of Australia's most exclusive beachfront villages, just 25 minutes from Cairns Airport.
Choose from apartments from $499,000 or premium apartments from $649,000, all within a professionally managed resort environment.
Every residence includes private balconies or terraces, light-filled interiors, neutral coastal finishes, and full air-conditioning throughout. Furniture packages are available, making ownership straightforward from day one.
For investors, the location delivers. Palm Cove sits between Cairns and Port Douglas a year-round tourism destination with strong visitor demand, approximately 5% rental yields, and limited new supply entering the village.
5% rental yield expected
Private balconies or terraces
Light-filled interiors
Furniture package available
Neutral coastal finishes
Air-conditioned throughout
Apartment prices start from $499k
Premium apartments start from $649k
Positioned at the gateway to the Daintree Rainforest and the Great Barrier Reef, demand here doesn't soften.
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 2,883 properties. Over the last 5 years, Houses in Palm Cove have seen a 68.00% increase in median value, while Units have seen a 96.25% increase. As at 30 June 2026:
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