452 Cypress Terrace North, Palm Beach, Qld 4221

DA-Approved Site for Three Luxury Residences with Private Plunge Pools

Presenting an exceptional development opportunity in a prized Palm Beach location, this level 670m² site comes complete with Development Approval for a boutique triplex comprising three contemporary three-bedroom residences, each featuring its own private plunge pool.

With the approval process already complete, developers and investors can capitalise on a thoughtfully designed project in an area renowned for strong buyer demand and an enviable coastal lifestyle. Positioned approximately 550 metres from Tallebudgera Creek and the beach, the site combines outstanding development potential with exceptional everyday convenience.

The existing lowset brick home provides holding-income potential while plans for the development progress. Currently returning $800 per week, the residence includes three bedrooms, one bathroom, a functional kitchen with breakfast bar, open-plan living and dining, plus a generous backyard with dual-gate access.

Residents will enjoy being within walking distance of sporting facilities, cafe's, parks, Palm Beach Primary School and Tallebudgera Surf Club. The calm waters of Tallebudgera Creek and the nearby surf beach offer endless opportunities for swimming, stand-up paddleboarding, fishing, boating and surfing.

Palm Beach and Burleigh's thriving dining precincts are approximately five minutes away by car, while Burleigh Head National Park, Palm Beach-Currumbin State High School and Gold Coast Airport are also within easy reach.

With a DA-approved luxury triplex scheme, an existing rental return and an outstanding coastal position, this is a compelling opportunity to secure and develop in one of the southern Gold Coast's most sought-after lifestyle locations.

Arrange your inspection today!

Property Overview:
• DA-approved development site in a sought-after Palm Beach location
• Approved plans for a boutique triplex development
• Three contemporary residences, each featuring three bedrooms
• Private plunge pool included with each residence
• Level 670m2; allotment with an approximate 15m street frontage
• Zoned Medium Density Residential
• Approximately 550m from Tallebudgera Creek and the beach
• Existing lowset brick home providing holding-income potential
• Current residence includes three bedrooms and one bathroom
• Currently returning $800 per week
• Kitchen with breakfast bar and open-plan living and dining
• Generous backyard with dual-gate access
• Walk to sporting facilities, cafés, parks and Tallebudgera Surf Club
• Within walking distance of Palm Beach Primary School
• Approximately five minutes by car to Palm Beach and Burleigh's dining precincts
• Close to Burleigh Head National Park
• Zoned for Palm Beach-Currumbin State High School
• Less than 10km from Gold Coast Domestic and International Airport

This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Disclaimer: We have, in preparing this information, used our best endeavours to ensure that the information contained herein is true and accurate; however, we accept no responsibility and disclaim all liability for any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. *Denotes approximate measurements.

Type

House

Bedrooms

3

Bathrooms

1

Parkings

1

Area

670 m²