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Back 506/2 Mawarra Street
Off Market

506/2 Mawarra Street

Palm Beach QLD 4221

2
2
1
86 m²
Apartment
Last sold for $1,085,000
Luci SmartLuci Smart, last sold this property on 02 February 2026 after 12 days on market.

Overview

A refined coastal lifestyle, without compromise.

Positioned on Level 5 of the tightly held Palm Beach Residences, this near-new apartment offers an elevated coastal lifestyle just over 100 metres from the beach. Open-plan living, kitchen and dining zones are thoughtfully composed with high-end finishes and clean architectural lines, flowing seamlessly to a covered balcony via floor-to-ceiling stacking glass sliders from both the living area and master suite. Two well-sized bedrooms and two elegant bathrooms complete the layout, ideal for everyday living or a low-maintenance coastal escape. Beyond the interiors, the outlook becomes a defining feature. Panoramic hinterland views unfold above the treetops, delivering spectacular sunsets and a sense of privacy and openness rarely found this close to the shoreline. As the light shifts throughout the day, the home feels quietly connected to its natural surrounds, with elevation and aspect enhancing both comfort and calm, and the beach just moments away for effortless strolls along the sand. Palm Beach Residences is a beautifully appointed, amenity-rich building with secure parking, lift access, resort-style pool, sauna, residents' lounge and dining spaces, firepit, outdoor entertaining areas and more. With the beach, schools, cafes and village conveniences just minutes away, this address captures the essence of relaxed yet sophisticated Palm Beach living. Property Highlights: - Level 5 apartment in the tightly held Palm Beach Residences - Less than 3 years old and just over 100m to the beach - Panoramic hinterland views above the treetops, capturing spectacular sunsets - 2 generous bedrooms with built-in robes - 2 luxurious bathrooms with floor-to-ceiling tiles and backlit mirrors - Open-plan living, dining and kitchen with stone benchtops and elegant finishes - Floor-to-ceiling, stacking glass sliders connecting living and master to covered alfresco balcony - Ducted airconditioning and ceiling fans throughout for year-round comfort - European style laundry located in the second bathroom - Amenity-rich building with secure parking, lift access, resort-style pool, sauna, residents' lounge and dining spaces, offices, parcel lockers, outdoor showers, bike racks, firepit and outdoor entertaining areas - Perfectly positioned near schools, cafes, village conveniences, and the beach for effortless coastal living - Body corporate fees approx* $121 Per Week Suburb proResidents say they love the area as it is so close to the beach and 'Talle' Creek. Walk everywhere lifestyle with easy access to all that our beautiful Gold Coast has to offer! It's a high demand area with a range of fantastic schools, parks for the kids to play and plenty of active lifestyle offerings. Its walking distance to public transport, burleigh Headlands and a range of restaurants, cafes and local hotspots. Young couples, families and retirees are attracted to Palm Beach for the relaxed friendly neighbourhood and unbeatable beach offerings. file:

Features

2 bedrooms
2 bathrooms
1 carspace
1 garage space
86 m² floor area
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Palm Beach over the last 12 months, the estimated median property value of 506/2 Mawarra Street is $1.19m.

Median value
$1.19m
Estimated value range
$695k - $15.82m
Median days on market
24
Estimated value trend
14%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Palm Beach. 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 506/2 Mawarra Street

2026
Sold
$1,085,000
02 Feb 2026 by Luci Smart, of John Reid Real Estate

Happy sellers in Palm Beach

87%
87% of sellers in Palm Beach reported that their sale price either exceeded or met their price expectations.

Palm Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 88 reviews in Palm Beach over the last 12 months.

Local market activity for 2 bedroom apartments in Palm Beach

In the last 12 months, 95 two-bedroom apartments similar to 506/2 Mawarra Street, have been sold.

This represents a 14% decrease in two-bedroom apartments sales when compared to the previous 12 months.

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