Back 28/199 Lake Street
Off Market

28/199 Lake Street

Cairns North QLD 4870

2
2
1
125 m²
Apartment
Last sold for $680,000
Naomi ScowcroftNaomi Scowcroft, last sold this property on 23 September 2026 after 204 days on market.

Overview

One Property. Endless Possibilities.

Whether you're looking for a home with flexibility, a high-performing investment or a combination of both, Apartment 201 offers an opportunity that's increasingly difficult to find in the Cairns market. Its generous 125m² dual-key design provides the versatility to live in one side while generating income from the other, lease both residences independently, or enjoy the entire apartment as one expansive city home. Positioned on Level 3 within the tightly held 201 Lake Street complex, complete with a secure car space on title and just moments from the Esplanade, Hospital and CBD, this is a property that works just as hard as you do. The apartment presents beautifully while retaining the flexibility that makes dual-key living so appealing. Two private balconies invite natural light and cooling sea breezes throughout the home, while glimpses of the Coral Sea provide the perfect reminder that you're living just moments from Cairns' iconic waterfront. LIFESTYLE WITHOUT COMPROMISE Occupying a prime position on the edge of the CBD, everything that makes Cairns so desirable is right at your doorstep. Walk to the Esplanade, waterfront restaurants, cafés, shopping precinct, hospital and business district within minutes, then return home to a secure, resort-style complex offering a 20-metre swimming pool, BBQ facilities, rooftop entertaining area and beautifully maintained common grounds. Whether you're looking for the convenience of city living or a lock-and-leave lifestyle, this location truly delivers. PROPERTY HIGHLIGHTS: ✔ Spacious 125m² dual-key design offering outstanding flexibility ✔ Rent as one residence or separately to maximise income potential ✔ Freshly painted with updated flooring and modern fixtures ✔ Two private balconies with privacy shutters ✔ Ocean glimpses, natural light and cooling breezes ✔ Air-conditioning throughout ✔ Ensuite-style bathrooms (main with bath, second with oversized shower) ✔ Walk-in robe with mirrored doors ✔ Internal laundry including washer and dryer ✔ Secure basement parking on title with lift access ✔ Major electrical appliances included, furniture negotiable WHY INVESTORS LOVE THIS PROPERTY: Few locations in Cairns offer the same level of convenience and consistent tenant demand. Positioned just moments from Cairns Hospital, the CBD, the Esplanade and James Cook University's expanding health precinct, Apartment 201 sits within one of the city's strongest employment and lifestyle corridors. The versatile dual-key layout provides multiple ownership options, while the complex allows owners to utilise onsite management for convenience or self-manage and explore short-term accommodation opportunities. Whether your goal is long-term growth, strong rental returns or lifestyle flexibility, this property can be tailored to suit your investment strategy. Council Rates: Approximately $3,300 per annum Body Corporate: Approximately $14,900 per annum Some buyers will see an exceptional lifestyle opportunity. Others will recognise the strength of the investment. The real value lies in the flexibility to enjoy both. Properties offering this level of space, versatility and location are becoming increasingly difficult to secure within Cairns City. Contact Naomi Scowcroft today to arrange your private inspection and discover everything Apartment 201 has to offer.

Features

2 bedrooms
2 bathrooms
1 carspace
1 garage space
125 m² lot size
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Cairns North over the last 12 months, the estimated median property value of 28/199 Lake Street is $490k.

Median value
$490k
Estimated value range
$320k - $890k
Median days on market
37
Estimated value trend
8%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Cairns North. 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 28/199 Lake Street

2026
Sold
$680,000
23 Sep 2026 by Naomi Scowcroft, of Cairns Property Office City
2023
Sold
$435,000
10 Jul 2023 by Renee Straguszi, of Cairns Property Office City

Happy sellers in Cairns North

96%
96% of sellers in Cairns North reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 39 reviews in Cairns North over the last 12 months.

Local market activity for 2 bedroom apartments in Cairns North

In the last 12 months, 37 two-bedroom apartments similar to 28/199 Lake Street, have been sold.

This represents a 53% increase in two-bedroom apartments sales when compared to the previous 12 months.

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