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QLD › Palm Cove › Ocean Dr

59 Ocean Dr, Palm Cove QLD 4879

For saleHouse for Sale

$5,800,000

For sale

Asking

4

Bedrooms

3

Bathrooms

2

Car spaces

1,006 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $5,800,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $5,800,000(Listing record · 13 June 2026)
  • FactLand 1,006 m²; no building size recorded.(Property record)
  • CalculationAsk is 372% above the Palm Cove median recorded sale ($1,230,000, n=27, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Palm Cove's advertised median rent ($676/wk), implied gross yield would be 0.61% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$5,800,000

Asking · $5,765/m² of land

No recorded sale for this property.

Palm Cove at a glance

2,803

People

$1,230,000

Median sale

$676/wk

Median rent

2.86%

Suburb gross yield

Median sale from 27 recorded sales (last 12 months) — a Districts calculation.

See the full Palm Cove report →

Vs Palm Cove

+371.5%

Median sale

Suburb $1,230,000

-2.25 pp

Gross yield

Suburb 2.86%

Suburb median $1,230,000 from 27 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$5,800,000
Stamp Duty (Queensland)
$314,025
Transfer/Registration Fee
$26,415
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$6,144,140

$344,140 on top of the price (5.9% extra)

  • Stamp Duty (Queensland)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Queensland schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Palm Cove's advertised median rent — not a rent for this listing.

Net yield
-0.89%
Annual cashflow (pre-tax)
$-353,448
Interest cover (DSCR)
-0.17
Annual rent
$35,152
Operating expenses
$87,000
Loan amount
$4,640,000
Annual interest
$301,600
Gross yield
0.61%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

For more information on this property, visit Queensland Globe↗.

Records

Property history

  1. Listed$5,800,000available13 June 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

QLD

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $676/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 0.6%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Palm Cove in one glance

Palm Cove at a glance

2,803

People

$1,230,000

Median sale

$676/wk

Median rent

2.86%

Suburb gross yield

Median sale from 27 recorded sales (last 12 months) — a Districts calculation.

See the full Palm Cove report →

Keep researching

  • Why Palm Cove? Read the area thesis →
  • What else is on the market in Palm Cove →
  • Other records on Ocean Dr →

Listing material

Listed by Paradise Property Group QLD

SOHO | Palm Cove

SOHO is a beachfront residence defined by contemporary design, understated luxury, and an effortless sense of cool. A place where creativity, sophistication, and coastal living converge. This grand-scale retreat delivers a true resort lifestyle, featuring multiple pools, bars, entertaining pavilions, a wine cellar, home cinema, ballroom, and an exceptional collection of indoor and outdoor living spaces.

Overlooking tropical rainforest and a seasonal stream, this private sanctuary is enveloped by mature paperbark melaleucas and towering lipstick and cocos palms. Recently reimagined from the ground up, SOHO blends the atmosphere of a contemporary art gallery with the indulgence of a world-class resort, showcasing striking black-and-white Italian porcelain tiles, soaring six-metre vaulted ceilings, and expansive glass louvres that flood the interiors with natural light and cooling ocean breezes.

STANDOUT FEATURES

Read the full description

- SOHO embodies effortless luxury, creative spirit, and contemporary coastal living.

- Direct beach access and rainforest boardwalk through to the Palm Cove Jetty and renowned restaurant strip.

- Statement gatehouse and portico entry with electronic access, guest intercom, oversized glass front door, water feature, and grand foyer.

- Contemporary designer kitchen centred around a cantilevered volcanic stone island seating eight guests. Featuring expansive stone benchtops, custom cabinetry, walk-in butler's pantry, premium Siemens IQ700 appliances, and integrated Liebherr refrigeration.

- Temperature-controlled Wine & Cigar Room with feature tinted glass, Vintech wine fridge, and bespoke timber racking, creating a sophisticated retreat for tastings and cocktails.

- Expansive entertaining pavilion with vaulted alfresco design, outdoor kitchen, full bar, dining area, and luxury spa with submerged stone seating. Surrounded by tropical daybeds and sun lounges, this spectacular retreat overlooks the hotel-inspired 12m x 4m lagoon pool and rainforest backdrop.

- Luxurious owner's retreat of exceptional scale featuring four-metre raked ceilings, skylights, bespoke dressing room, and designer ensuite with herringbone stone finishes, twin floating vanities, freestanding bath, and rain shower framed by rainforest views. Private access to a lap pool, spa, balcony, and sauna creates a true resort sanctuary.

- Grand ballroom, art gallery, and dance floor seamlessly connected to a private courtyard. Soaring 10-metre ceilings and dramatic glazing flood the space with natural light by day and frame the stars by night, creating an unforgettable setting for entertaining.

- Dedicated office and business centre with contemporary podcast-inspired styling, acoustic soundproofing, server racking, and tranquil courtyard outlook.

- Purpose-built home cinema featuring tiered seating, plush carpeting, ambient LED lighting, acoustic insulation, premium Krix cinema-grade speakers, and an acoustically transparent screen.

- Private family and guest wing occupying the upper level, comprising three generous bedrooms, two bathrooms, separate lounge, and dedicated study spaces. Connected via an architectural skybridge overlooking the ballroom and art gallery below.

- Fully fenced and securely gated 1,006m² allotment framed by feature stone walls, private courtyards, pergolas, and professionally landscaped tropical gardens serviced by automated irrigation.

- Oversized double garage with epoxy flooring, workshop area, and custom storage for wakeboards, surf skis, and beach cruisers, plus additional off-street parking for guests, a boat, or caravan.

- Energy-efficient 23.6kW solar system with three-phase power, with additional provision for battery storage and EV charging station in the future.

- Full ethernet cabling, high-speed Wi-Fi, smart security cameras, smart door locks, and app-controlled lighting throughout.

- Recently upgraded Mitsubishi air-conditioning complemented by revolutionary Haiku Fans (wi-fi and smart controlled).

- The property exceeds expectations in both scale and design the property boasts almost 600m² under roof complemented by over 150m² of outdoor entertaining space, delivering approximately 750m² of total living and leisure area.

- Located in small cul-de-sac the semi-private Oceans Edge Estate walking distance to Conde Nast Best Beach Palm Cove (approx. 200 metres to the beach).

Please call SEAN THORPE on 0431 052 490 or ANNA BATCH on 0423 077 319 for more information or to arrange your private inspection.

Disclaimer: All information contained herein has been obtained from sources believed reliable. Whilst every care has been taken in preparing this advertisement, no responsibility is accepted for errors, omissions, or inaccuracies. Prospective purchasers should make their own enquiries to verify the information provided.

Listing description written by Sean Thorpe, Paradise Property Group QLD — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Alarm System
  • Broadband
  • Built-in Robes
  • Courtyard
  • Deck
  • Dishwasher
  • Fully Fenced
  • Intercom
  • Living Areas: 3
  • Outdoor Entertaining
  • Outside Spa
  • Pet-Friendly
  • Pool
  • In-Ground Pool
  • Remote Garage
  • Secure Parking
  • Solar Panels
  • Study
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.