17/1040 Gold Coast Highway Palm Beach QLD 4221

Gold Coast Hwy frontage | 3-bed unit in 2002 block | Flood overlay present | Strong rental yield potential | Near Currumbin schools This property presents a clear value proposition with a calculated risk profile. The flood overlay necessitates a specific due diligence cost for insurance and potential future resale constraints, which is offset by the property’s strong rental yield and scarcity of three-bedroom configurations in the building. The unit is best held as a long-term rental investment, capitalising on the high-demand Palm Beach location, rather than as a short-term speculative purchase. Its 2002 construction places it in a mature building, reducing major capital works risk compared to newer complexes. Competitively, this is one of the larger three-bedroom plans in a low-supply building, directly on the highway with reliable connectivity. The dual garage is a significant functional advantage over nearby one-car spaces. This unit serves an investor seeking stable yield from a family-sized rental or an owner-occupier prioritising space over absolute waterfront luxury. The recent sale of a smaller two-bedroom unit in the same complex for $790,000 in June 2024 provides a credible benchmark, indicating sustained demand and underpinning the value of this larger configuration. To secure a position in this tightly held building, immediate review of the strata report and a flood impact assessment are the essential next steps.