SoldSep 24, 2026

28/199 Lake Street, Cairns North, QLD, 4870

$680,000

2
2
1
125 m²

Apartment

•

30+ days on the market

Sold: Sep 24, 2026

What's around 28/199 Lake Street

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.

Looking for more information on 28/199 Lake Street?

Explore comparables, sales history and growth for this property.
Learn more

Similar properties sold nearby

SoldAug 20, 2026
Price not available
6/361 McLeod St
Cairns North QLD 4870
2
1
1
Apartment
SoldAug 11, 2026
$320,000
214/191 McLeod St
Cairns North QLD 4870
2
1
1
Apartment
SoldJul 28, 2026
$350,000
3/189 Sheridan Street
Cairns North QLD 4870
2
1
1
Apartment

Other properties sold by Cairns Property Office City

SoldSep 13, 2026
$647,000
13 Amazon Close
Mount Sheridan QLD 4868
3
1
2
House
SoldSep 3, 2026
$320,000
2/6 Maytown Cl
Manoora QLD 4870
2
1
1
Unit
SoldSep 2, 2026
$677,000
16 Foxtail Street
Mount Sheridan QLD 4868
3
1
1
House

Browse properties sold in nearby areas

Email
© 2026 RateMyAgent