$15 million Palm Cove villa project attracts strong interest



Dixon Homes Cairns

Dixon Homes Cairns has announced the launch of a luxury villa project in the sought-after North Queensland beach precinct of Palm Cove.

Comprising of 17 four-bedroom villas in the gated private-entry Iluka estate, the development is strategically positioned just 500 metres from Palm Cove Beach, cafes and restaurants.

Construction is expected to start towards the end of the 2nd quarter with an estimated completion date of early 2017.

Managing director of Dixon Homes Cairns, Andrew Thomas, said enquiry levels were already strong amongst local, interstate and international investors.

Priced from $850,000 to $950,000 the villas feature four bedrooms, ensuites, double garages plus extensive living and outdoor areas. 

The contemporary, energy efficient designs include the use of bi-fold doors and louvres to maximise airflow, high ceilings and windows accentuating natural light, quality fittings, designer ensuites and walk in robes.

Private swimming pools, rainforest backdrop and extensive landscaping throughout the homes and surrounding area capture the essence of tropical North Queensland living at its finest.

Lot sizes range from 442 sqm to 530 sqm, with an average size of 460 sqm.

“Palm Cove is one of Australia’s most popular beach destinations, with southern and international visitors all year round as well as savvy investors,’’ Mr Thomas said.

“There are only a small number of opportunities in this boutique location with excellent returns for the holiday let villas.” 

“Overnight rates in peak season expected to be around $700 per night per villa providing excellent incentive for local, interstate and overseas buyers’’ he said.

Mr Thomas said security and location were the other key features driving demand.

“It is a quality gated, private and secure estate just 500 metres from the beach bars, restaurants, cafes and boutique shops.”

“More than half the villas back onto peaceful rainforest, all within 30 minutes’ drive from Cairns CBD and airport, and 40 minutes from Port Douglas.”

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