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Back 501/6 Lake Street
Off Market

501/6 Lake Street

Cairns City QLD 4870

2
2
113 m²
Apartment
Last sold for $510,000
Junelle McNaughtJunelle McNaught, last sold this property on 15 October 2025 after 50 days on market.

Overview

HEART OF THE CITY DUAL KEY APARTMENT - 501/6 Lake Street Cairns City

This City Quays Dual-Key Property offers exceptional versatility in the heart of Cairns City, perfect for investors seeking strong income potential. Owning this apartment also gives you the opportunity to enjoy your own tropical holiday. Located on the 5th Floor this two-bedroom configuration features a thoughtfully designed apartment plus studio/ kitchenette combination that maximizes both comfort and income opportunities. The property's prime location puts you steps away from Cairns' most sought-after attractions. Great Barrier Reef tours literally launch from your neighbourhood, with Tourist Boats departing nearby for world-class snorkelling and diving adventures. The convenience factor is remarkable – a leisurely stroll to the Esplanade, Lagoon, Harbour Foreshore, Casino, Convention Centre, Restaurants, Cafes, Shops, Night Market and Reef Boats. The Dual-Key setup shines for short-term rental success. Guests love the independence of separate entrances while you maintain privacy and control. The apartment portion offers spacious living with its primary bedroom and full facilities, while the studio provides a perfect retreat for short stays. Both spaces feature their separate bathrooms and practical layouts that photograph beautifully for future online bookings. Location advantages extend beyond tourism appeal. You're positioned in a walkable neighbourhood where daily needs are easily met, whilst surrounded by the natural wonders that draw millions of visitors annually. The property's configuration allows multiple revenue streams currently with AIR BNB & showing excellent returns. This is smart real estate in a destination that never goes out of style, offering both lifestyle benefits and solid investment fundamentals in one compelling package. FACTS Apartment Comprises-One bedroom apartment consists of open plan living/kitchen/laundry/bedroom/en-suite/built-in robe/large private balcony--tiled in living area/carpet in bedrooms- air conditioner in bedroom & living room Studio Comprises-kitchenette/bedroom/living /bathroom/private balcony/fully tiled -Studio & Apart Sold fully furnished - Split System Air-conditioning in both - Stunning roof top pool, BBQ & entertaining area with spectacular views on the seventh floor. - Excellent returns currently with AIRBNB - Two lifts in the complex with secure parking- -113sqm size - Rates $1,350 approx half yearly - Body corporate fees - $3,233 approx per quarter Only minutes to Hemmingway Brewery at the International Cruise Terminal, Convention Centre, Casino, Restaurants, Cafes, Bars, Boardwalk, Esplanade & Lagoon Call Junelle for your private inspection

Features

2 bedrooms
2 bathrooms
113 m² floor area
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 501/6 Lake 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 501/6 Lake Street

2025
Sold
$510,000
15 Oct 2025 by Junelle McNaught, of Cairns Key Real Estate
2024
Sold
Undisclosed
Private Sale/Treaty on 08 May 2024 by Junelle McNaught, of Cairns Key Real Estate
2024
Sold
$388,000
08 May 2024 by Junelle McNaught, of Cairns Key Real Estate

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 501/6 Lake 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
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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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