Developments Update

Since Palm Cove's Amphora St was rezoned, the street has been a hive of activity, with developers snapping up blocks and building new upscale apartments, boosting buyer confidence for the cairns beaches.

SET back from the beach, there is a street in Palm Cove which is a hive of activity.  Home to a tourist unit complex, day spa and stand-alone houses, Amphora St is set to change in coming years.

But with upscale apartment complex LUXE on Amphora, the tone of the street is already undergoing a metamorphosis. Thomas Baldwin agent Morganne Baldwin said there was "a lot of interest at the moment from developers".

With colleague Carol Thomas, the pair sold 17 Amphora St in live days and neighbouring number 19 before it was even listed "Both these blocks sold extremely quickl y­both to small-scale developers," Ms Baldwin said.
"There is also a new apartment block being developed on the corner of Williams Esplanade and Harpa St. We teamed up with Belle Property to sell their penthouse to a long-term client of ours. 

"The changes are a great dose of buyer confidence for the Cairns beaches and Cairns in general. "Amphora St was rezoned recently to encourage development and since the announcements of Shara and LUXE, people are feeling confident about putting their money into the beachside location."

An approved development application is in place over both 17 and 19 Amphora Sito build up to 16 three-bedroom residential units. Number 17 sold for $560,000 and number 19 for $565,000. Both are three-bedroom homes and number 17wason the market for the first time in almost 30 years.

Designed by Nathan Verri, the Luxe on Amphora villas will be finished next year and come with no body corporate burden. Designed over two levels, each villa has four bedrooms, fIVe bathrooms, two kitchens and their own private swimming pool.

Shara is the first off-the-plan apartment sales at Palm Cove for more than a decade and will be home to six high-quality, penthouse-style apartments set within a contemporary complex. Developer Bob Simkin said the apartments provided an "almost unrepeatable opportunity on the iconic esplanade" and more than 50 per cent of the stock had already been sold.

There is also the continual development of Argentea bringing developers and buyers into the suburb.

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