Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
This property at 452 Cypress Terrace North in Palm Beach offers a unique investment and development opportunity in a highly sought-after coastal location. The level 670 square metre block is enhanced by Development Approval for a boutique triplex project, featuring three modern three-bedroom homes, each boasting its own private plunge pool. This is a distinctive chance for developers or investors to capitalize on a completed approval process in an area known for consistent buyer demand and an attractive seaside lifestyle.
Currently, the site retains a lowset brick house generating holding income with a rental return of $600 per week. This existing residence includes three bedrooms, one bathroom, and an open-plan kitchen and living space complemented by a breakfast bar. The generous backyard with dual-gate access adds to the functional appeal of the property during the development phase.
The location capitalizes on everyday convenience and lifestyle amenities. Just 550 metres from the pristine waters of Tallebudgera Creek and nearby beaches, the property offers opportunities for outdoor and water-based activities such as swimming, paddleboarding, fishing, and surfing. Residents have easy walking access to local sporting facilities, cafés, parks, and noteworthy community assets including Palm Beach Primary School and Tallebudgera Surf Club.
For dining and leisure, Palm Beach and Burleigh precincts are a short five-minute drive away, while access to Burleigh Head National Park and major educational centers such as Palm Beach-Currumbin State High School enhances the location’s family-friendly credentials. Additionally, Gold Coast Domestic and International Airport is situated less than 10 kilometers away, providing excellent connectivity.
The approved plans for three contemporary homes with private plunge pools reflect a thoughtful approach to luxury living combined with medium density zoning. This blending of investment, lifestyle, and development potential makes the property particularly attractive to discerning developers, families looking for a future-proofed home, or investors seeking a valuable asset in a premium coastal setting.
- Approved development for luxury triplex with private plunge pools
- Existing three-bedroom home with holding income
- Functional open-plan living with kitchen breakfast bar
- Large backyard with dual-gate access
- Prime location near Tallebudgera Creek and beach
- Close to schools, sporting facilities, parks, and surf club
- Proximity to Burleigh dining and natural attractions
- Excellent access to Gold Coast Airport
The property is being sold by auction or without a price guide. Prospective purchasers should consult independently to verify details.
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Local Market Insights
In Palm Beach, Quiet Listings observed 42 new houses entering the market over the last 30 days, down from 44 during the previous 30-day period, with an average advertised asking price of $1,874,595. The property type mix of listed properties is predominantly Houses at 49%, followed by apartments (22%), and units (9%). The most active agency for houses in the Palm Beach area is currently Ray White, representing 36% of new listings, followed by McGrath Estate Agents with 14%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| Offers Over $2,299,000 + | |
| Auction Friday 25th September (If Not Sold Prior) |
Location
Market Insights for Palm Beach QLD 4221
Other properties in this postcode
