502/468 The Esplanade, Palm Beach QLD 4221

Beachfront boutique 2023 build | 3 bed 4 bath 2 car | $2,500/week rental demand | scarce 12-residence project | premium Palm Beach strip Positioned within a 2023 boutique beachfront project of only 12 residences, this three-bedroom, four-bathroom unit offers the rare combination of new construction and absolute beachfront placement on Palm Beach’s most valued esplanade strip. The configuration is generous for a prestige apartment, with four bathrooms and two secure parking spaces supporting either full-time occupancy or high-end holiday letting. Rental evidence at $2,500 per week demonstrates strong demand from the upper end of the market. This property is best suited to a high-net-worth downsizer seeking lock-and-leave coastal living, or an interstate buyer wanting scarce new oceanfront product in a tightly held beachfront corridor. It competes not with typical Palm Beach apartment stock, but with the suburb’s top-tier beachfront offering. The exact floor level, aspect, and interior fit-out of this particular unit may influence its price position relative to other residences in the same building. North-east or direct ocean orientation would strengthen value; a lower-level or side-aspect unit might require a discount. The 2023 completion date limits maintenance risk, while brand-new condition supports premium pricing. Beachfront exposure may warrant attention to coastal material durability, but this is typical of the product type. >> Comparable Sales: 101/468 The Esplanade sold $4.5M; 7/470 The Esplanade sold $4.995M | Property Price Band: $4.5M-$4.6M | Value Drivers: direct beachfront position, new 2023 build, bathroom-rich layout