You read the title correctly. This seller paid $1.075 Million for this dual-key 2 bedroom penthouse in 2004. Unfortunately, the market has slipped and he is doing whatever it takes to achieve a sale NOW. After stamp duties and commissions, his loss is almost HALF A MILLION DOLLARS. This is a very unfortunate story for him, but could be a great opportunity for you to capitalize while prices are still low.

With only the finest finishes, this Penthouse includes a massive rooftop entertainment area complete with spa and BBQ. An extensive furniture package is also included consisting of everything a lavish holiday maker could desire. This property represents both an exceptionally opportunistic investment and the ideal lifestyle property to enjoy when you can get away.

There have already been signs of life in the Palm Cove market as the low lying fruit has quickly started disappearing. And it doesn’t get much lower than this. And while you’re waiting for prices to start moving back up, bring the whole family to your huge 5-star getaway on one of Australia’s most beautiful beaches at the doorstep to the Great Barrier Reef. In just a few years, I’m sure you would reminisce of how cheaply you bought such a prestigious dual-key 2 bedroom Penthouse in Palm Cove’s most luxurious 5-star resort.

Managed by Mirvac, Sea Temple Resort and Spa offers a critically acclaimed restaurant, world-recognised day spa centre and all the facilities you would expect from one of the world’s best resorts.

Dual-key
Penthouse
Rooftop with BBQ and Spa
Self-contained
Managed by Mirvac
3 Pools
World Class Gourmet Restaurant