402/2 Twenty Third Avenue, Palm Beach QLD 4221

402/2 Twenty Third Avenue, Palm Beach QLD 4221
Beachfront apartment | 233sqm prestige floorplan | 3 bed, 3 bath, 2 car | Off-market scarcity in Pacific Palm Beach | Suits luxury downsizer or high-net-worth buyer This property occupies a strong position within a boutique beachfront tower where comparable sales confirm a premium pricing tier. The 233-square-metre internal area, combined with three bedrooms, three bathrooms, and two secure car spaces, gives it a configuration that is increasingly rare in new supply. For a buyer seeking a low-maintenance, high-amenity residence with direct beach access, the size and layout provide a genuine competitive edge over newer apartments that typically trade smaller floorplans for similar price points. The off-market status reduces competitive bidding pressure, which works in favour of a prepared buyer who can move quickly and negotiate directly. The primary risk is that the buildingโ€™s age and amenityโ€”pool and sauna onlyโ€”may not match expectations set by newer luxury towers with full concierge and wellness facilities. For a buyer prioritising absolute beachfront position and generous internal space over resort-style extras, this is less a risk and more a trade-off. The opportunity lies in the scarcity of such floorplans in this location; limited future development potential along this stretch of Palm Beach supports long-term value retention. NBN and 5G availability add practical convenience but are not decisive.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 402/2 Twenty Third Avenue, Palm Beach QLD 4221
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Market Insight:

Palm Beach is a premier coastal suburb offering a relaxed lifestyle with strong appeal to interstate migrants, downsizers, and investors. Demand is driven by its relative affordability compared to other Gold Coast beachfronts and proximity to the regional economy. The market shows robust growth in the unit sector, while houses have experienced more tempered conditions. Future growth is underpinned by sustained interstate migration and limited land supply, though affordability pressures and interest rate sensitivity remain key constraints on broader momentum.
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PropCred Estimated Value

Bedrooms

3

Bathroom

3

Parking

2

Land

818mยฒ

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