402/4 Twenty First Avenue, Palm Beach QLD 4221

Absolute beachfront | private sand access | 3-bed larger than suburb norm | long-holder dominant profile | resort facilities included. This unit presents a competitively strong proposition within the Palm Beach market due to its rare combination of a three-bedroom configuration within an absolute beachfront complex. The direct private beach access and north-east aspect with ocean views are permanent positional advantages not replicable in newer stock, while the larger three-bedroom format serves a family or multi-occupant buyer profile that is underserved in a suburb dominated by two-bedroom apartments. The extensive on-site amenities, including the heated lap pool and full security, effectively substitute for a private house, catering to long-term owner-occupiers seeking a low-maintenance, high-amenity coastal lifestyle. This property is best suited to a buyer intending to hold for the long term, aligning with the complex’s dominant ownership pattern, rather than an investor seeking short-term turnover. The primary decision mechanism involves the strata title structure, which costs the buyer direct control over major capital expenditures and imposes ongoing fees for the premium facilities; however, this structure is the commercial logic that enables the beachfront access and resort-style amenities at this price point. The established building age and lack of disclosed recent sales for this specific unit number introduce valuation opacity, requiring reliance on comparable two-bedroom sales within the complex. Given the strong holding history of the block, the clear opportunity is to secure a larger format in a tightly held, fully secured location, where future supply is constrained. Acquire for permanent occupation or a decade-long hold to amortise transaction costs and capture the beachfront premium. Recent comparable sales in the immediate complex illustrate the market: – 705/1 (2 bed, 2 bath, 2 car): $1.75m (Apr 2025) – 505/1 (2 bed, 2 bath, 2 car): $1.525m – 703/1 (2 bed, 2 bath, 2 car): $1.99m – 206/1 (2 bed, 2 bath, 1 car): $1.36m These sales, predominantly for two-bedroom units, establish a firm price floor. The subject three-bedroom unit should command a material premium over these figures, given its scarcity and greater functional space, placing its value comfortably above the $2.0 million benchmark set by the two-bedroom sale at $1.99m. The withheld sale prices for other three-bedroom units in the building signal vendor expectations are strong.