532/49-63 Williams Esp, Palm Cove QLD 4879

Beachfront resort unit | top-floor lagoon view | strong holiday rental history | below recent comparable sales This property sits in a rare position: a top-floor unit in a beachfront resort complex with direct esplanade access, offered below what similar one-bedroom units have recently transacted for. The 84-square-metre internal area is unusually generous for a one-bedroom, and the unit has been refreshed with new paint and furniture. For an investor seeking a high-performing holiday let in a tightly held building where 95 percent of owners occupy, the combination of size, position, and below-estimate pricing creates a clear buying case. Owner-occupiers will also find value in the secure parking, lagoon pool, and immediate beach access without the premium typically attached to such configurations. The primary risk is the building’s reliance on holiday letting income, which can be seasonal and sensitive to tourism cycles. The recent complex sales show strong growth, but the 2022 purchase price of $325,000 means the current ask already reflects significant appreciation. Buyers should verify the body corporate fees and any letting restrictions, as resort-managed properties can carry higher levies. The opportunity lies in the gap between the $490,000 asking price and the $520,000 to $530,000 valuation range, offering immediate equity potential. Hold this property as a balanced holiday let and personal retreat, with the option to refinance once comparable sales catch up.