59 Ocean Drive, Palm Cove QLD 4879
59 Ocean Drive, Palm Cove QLD 4879
59 Ocean Drive, Palm Cove QLD 4879 is a 4-bedroom, 3-bathroom, 2-car house on a 1,006 m² lot, with an internal area reported at 460 m² and a prior sale in 2018 for $960,000. The property was listed for sale on 18 June 2026 as a house in Palm Cove.
4 bed | 3 bath | 2 car | 1,006 m² lot | 460 m² internal | beachfront | SOHO styling
This is a rare beachfront house on a large 1,006 m² lot with 460 m² of internal space, placing it well above typical Palm Cove stock in scale and prestige. The contemporary SOHO styling and direct coastal position serve lifestyle buyers seeking a substantial standalone residence rather than a holiday apartment. Its configuration best suits owner-occupiers looking for a premium coastal home, sea-change buyers, or downsizers trading into a high-end beachside setting where land size and internal area are uncommon.
The previous 2018 sale at $960,000 provides a historical price anchor, but current value may be influenced by the property’s age, construction quality, and exposure to coastal maintenance demands. The absence of confirmed amenities like a pool, lift, or ducted air means buyers should verify fit-out and condition. Beachfront positioning in far north Queensland may also bring cyclone and insurance sensitivity, which could affect long-term holding costs. A thorough building inspection and title review are recommended before forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 59 Ocean Drive, Palm Cove QLD 4879
Checks found:
Value Risk
✓
Liquidity Risk
✕
2
Planning Risk
✕
2
Income Risk
✕
2
Execution Risk
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1
Insight: Palm Cove QLD 4879
Palm Cove is a premium lifestyle destination, with demand driven by interstate migration and diversification into sectors like tourism and defence. Recent data shows strong compound growth (16.4% for houses) and tight rental conditions, yielding 4.2% for houses. Future growth is supported by infrastructure upgrades, though the market faces risks from limited supply, recent price volatility, and regional compliance pressures.