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Real Estate

19 June, 2022

$4M Penthouse SOLD

Second biggest local apartment sale EVER

By Isabella Guzman Gonzalez

Local real estate agent Steve Cordenos has made the second-highest sale of an apartment in the history of Cairns after selling one of the nine penthouses at the Harbour Lights Apartment Complex at Marlin Parade in excess of $4,000.000. 

Mr Cordenos, who has over 33 years of experience in the Cairns real estate market said it was an exceptionally positive sign indicating the current strength of the market in the apartment sector. 

“There are very few large well positioned Penthouse Apartments in the CBD,” he said. 

“This Penthouse boasts a total of 491 m2 spanning over two levels in one of the most sought after complexes in Cairns. 

“Amazing marina, ocean, and city views on offer with its own private pool and roof deck zone. 

“There are more buyers than you think at the top end of the market especially for such a location and sheer size of the Penthouse.” 

During the past 24 months the apartment market has gone from strength to strength with buyers both locally and from the southern states taking advantage of our value for money apartments being offered for sale. 

With no new apartments complexes being built in the past 15 years there is a massive shortage of new inner-city apartment for sale. 

The current unit market is all reliant on resales of the older complexes and with no new complexes ear marked for the future, this will continue to put pressure on the rental market. 

Beyond being a great achievement for Mr Cordenos, he said he is pleased that the new owners have found an incredible place to call home in the Far North.

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