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Back Periwinkle Coral Coast Drive
Off Market

Periwinkle Coral Coast Drive

Palm Cove QLD 4879

30
20
44
7417 m²
Block of units
Last sold for $8,000,000
Matthew PearceMatthew Pearce, last sold this property on 16 February 2026 after 509 days on market.

Overview

44 Apartments | PALM COVE | HOTEL | OPPORTUNITY

This is a fantastic opportunity to occupy one of the largest freehold land sites near Cairns' premier beach, Palm Cove. Coming with an immediate and stable income from 44 units (ready for strata conversion), this Resort with its location has so much to offer a forward-thinking investor. Land Area: Approx. 7,417sqm 44 Units ready for strata conversion (31 fully leased studio apartments, 1 studio apartment holiday let @ $130 - $180 p/n, 12 fully leased one-bedroom apartments) Occupancy between 95% to 100% Airbnb / onsite owner management opportunity for a higher income stream Resort pool, BBQ facility, wifi, ample parking, 21kw solar power, fire rating, council approved. Current turnover is in excess of $800,000 **Disclaimer - Tropic Estate Agents and its agents do not give any warranty or assurance as to the accuracy or reliability of any of the information contained herein. All interested parties should undertake their own investigations and seek professional advice to verify all information. Whilst we endeavour to ensure all details are correct, information has been collated from various sources, hence we provide no guarantee or warranty as to its accuracy or completeness. Our agency and its agents will not be held liable or responsible for any loss or damage as a result of any error or misrepresentation herein.

Features

30 bedrooms
20 bathrooms
44 carspaces
7417 m² lot size
Block of units

Estimated Value

We need at least 3 similar 30 bedroom block of units sold in Palm Cove over the last 12 months.

Property history for Periwinkle Coral Coast Drive

2026
Sold
$8,000,000
Private Sale/Treaty on 16 Feb 2026 by Matthew Pearce, of Tropic Estate Agents

Happy sellers in Palm Cove

85%
85% of sellers in Palm Cove reported that their sale price either exceeded or met their price expectations.

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

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

Local market activity for 30 bedroom block of units in Palm Cove

Nearby agents

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

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Shira David Stern

Sellers who recommend Shira David Stern have praised them for being clear communication, local expert, supportive, responsive, friendly, dedicated and honest

  •   5   (230 reviews)
  •  15 Reviews in Palm Cove
  •  10 Sales in Palm Cove
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Sean Thorpe

Sean Thorpe is a recommended agent for Palm Cove.  They have 11 local sales and collected 12 local reviews across the last 12 months.

  •   5   (281 reviews)
  •  12 Reviews in Palm Cove
  •  11 Sales in Palm Cove
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Joel Cuman

Joel Cuman is a recommended agent for Palm Cove.  They have 27 local sales and collected 11 local reviews across the last 12 months.

  •   4.9   (187 reviews)
  •  11 Reviews in Palm Cove
  •  27 Sales in Palm Cove
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Nick Pelucchi

Sellers who recommend Nick Pelucchi have praised them for being local expert, clear communication, friendly, responsive, honest, well-prepared and reliable

  •   4.9   (205 reviews)
  •  6 Reviews in Palm Cove
  •  9 Sales in Palm Cove
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