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Back 1163-1164/3 Water Street
Off Market

1163-1164/3 Water Street

Cairns City QLD 4870

2
2
Apartment
Last sold for $492,565
Kaine RoweKaine Rowe, last sold this property on 03 November 2025 after 21 days on market.

Overview

Versatile dual-key retreat with exceptional investment returns

HOLIDAY LET ONLY CAN NOT BE OWNER OCCUPIED Ideally located in the sought-after Southern Cross Atrium Apartments, this dual key residence offers the perfect blend of lifestyle and investment appeal. Set within a secure, well-maintained complex with 24-hour onsite management, it provides effortless ownership and excellent income potential. Featuring two fully self-contained, one-bedroom apartments, this property delivers flexible living options or strong dual income returns. - Income 24-25 Financial Year $47,192 - Outgoing body corporate fees $6,024 & Council Rates $3,250 - Dual key layout featuring a one-bedroom apartment and a self-contained studio - Spacious bedrooms with ensuites and open-plan living areas - Modern kitchens with hotplates and dishwasher drawers - Private balconies perfect for tropical alfresco living - Contemporary bathrooms and split-system air conditioning - Shared laundry conveniently positioned at the entry - Multiple swimming pools including a heated pool - Gym, sauna and secure gated access - Unallocated parking and 24-hour onsite management

Features

2 bedrooms
2 bathrooms
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Cairns City over the last 12 months, the estimated median property value of 1163-1164/3 Water Street is $602.5k.

Median value
$602.5k
Estimated value range
$286.5k - $1.27m
Median days on market
51
Estimated value trend
1%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Cairns City. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1163-1164/3 Water Street

2025
Sold
$492,565
03 Nov 2025 by Kaine Rowe, of Belle Property Cairns

Happy sellers in Cairns City

93%
93% of sellers in Cairns City reported that their sale price either exceeded or met their price expectations.

Cairns City stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 22 reviews in Cairns City over the last 12 months.

Local market activity for 2 bedroom apartments in Cairns City

In the last 12 months, 32 two-bedroom apartments similar to 1163-1164/3 Water Street, have been sold.

This represents a 36% increase in two-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Cairns City

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Claudio Di Bartolomeo

Claudio Di Bartolomeo is an award winning recommended agent for Cairns City.  They have 8 local sales and collected 9 local reviews across the last 12 months.

  •   5   (235 reviews)
  •  9 Reviews in Cairns City
  •  8 Sales in Cairns City
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Kaine Rowe

Kaine Rowe is a recommended agent for Cairns City.  They have 21 local sales and collected 6 local reviews across the last 12 months.

  •   4.9   (218 reviews)
  •  6 Reviews in Cairns City
  •  21 Sales in Cairns City
View profile
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Tim Lyon

Sellers who recommend Tim Lyon have praised them for being clear communication, local expert, responsive, supportive, reliable, well-prepared and honest

  •   5   (384 reviews)
  •  6 Reviews in Cairns City
  •  3 Sales in Cairns City
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Kaz Hartley

Sellers who recommend Kaz Hartley have praised them for being local expert, clear communication, reliable, well-prepared, honest, supportive and dedicated

  •   4.9   (69 reviews)
  •  7 Reviews in Cairns City
  •  12 Sales in Cairns City
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