502/4 Seventeenth Avenue, Palm Beach QLD 4221

Uninterrupted ocean views | Boutique fifth-floor beachfront | Strong rental yield above suburb median | Premium Miele and stone fit-out This apartment occupies a rare position in a boutique beachfront building, offering uninterrupted ocean views from a fifth-floor balcony that most units at this price point cannot match. The open-plan layout with engineered oak flooring and ducted air conditioning is competitively finished, and the dedicated surfboard storage and resort pool add lifestyle weight. It serves best a buyer seeking immediate owner-occupier enjoyment with the option to hold as a high-yield rental, given the current rental estimate of $1,260 per week yields 5.38 percent against the suburb median of 3.6 percent. The primary risk is the absence of flood or bushfire hazards, which is favourable, but the property sits in a market where median unit price is $1.23 million, so any purchase near estimate must account for limited short-term capital growth. The previous sale four years ago at $875,000 shows solid appreciation, but future gains depend on sustained demand in Palm Beach. The opportunity lies in the rental yield well above suburb average and proximity to beach, schools, and motorway. Hold this property for cash flow and lifestyle, not rapid resale profit.