701/279 Esplanade, Cairns North QLD 4870

Top floor penthouse | Esplanade waterfront | 320m² on title | Flood overlay active | Rare 4-bed configuration This property occupies a rare position in the Cairns North market as a penthouse-style apartment with genuine four-bedroom accommodation and a building area approaching house proportions. The dual ensuites, secure parking for two vehicles, and shared tennis court and pool create a lifestyle configuration that competes directly with lower-end houses while offering views and security that detached homes cannot replicate. For a buyer seeking lock-and-leave waterfront living without sacrificing space, this unit holds unusual negotiating leverage because comparable stock at this size rarely reaches the market. The confirmed flood overlay is the single material risk and must be addressed through insurer pre-approval before any offer. This overlay also explains why a property of this calibre may sit longer on market, creating a potential window for a patient buyer to negotiate below the Domain estimate. The 1989 build is not heritage-protected and carries no bushfire risk, which simplifies due diligence. For the right buyer — one who accepts flood risk in exchange for penthouse position and square meterage — this represents a differentiated holding in a tightly held waterfront corridor.