Secure a high-performing apartment in the heart of Cairns, perfectly positioned above the iconic Cairns Night Markets and only moments from the Esplanade and Reef Fleet Terminal. Currently operating as a successful Airbnb holiday stay, this stylish 1-bedroom apartment presents an outstanding opportunity for both investors and owner-occupiers seeking a flexible lifestyle apartment in one of Cairns’ most popular tourist precincts. With strong guest appeal, professional management options available, and unbeatable walkability to restaurants, shopping, cafés and entertainment, this is an ideal set-and-forget investment or tropical city base. Accessible by lift from both the Esplanade and Abbott Street entrances, the apartment features a modern open-plan design with city views and direct access to the complex pool and BBQ entertainment area. Property Features: - 1 spacious bedroom with queen-size bed and quality mattress - 1 bathroom with large round bath/shower combination - Open-plan kitchen and living area - Balcony overlooking the city and pool area - Fully air-conditioned - Access to complex pool and outdoor BBQ area - Open complex parking available (unallocated, with no issues accommodating guests) Investment Highlights: - Proven Airbnb income history - Calendar Year 2024 turnover: $57,060 - Calendar Year 2025 turnover: $45,155 - High-demand CBD tourist location - Walking distance to the Esplanade, Reef Fleet Terminal, restaurants and shopping - Optional ongoing professional management available for a seamless investment experience For investors looking to maximise returns, updating the apartment with more modern furnishings and styling could further increase booking appeal and revenue potential. The standout feature driving consistent guest demand is the unbeatable location itself. Outgoings Body Corporate: Approx. $6,160 p.a. Council Rates: Approx. $3,266 p.a. An outstanding opportunity to secure a fully operational holiday apartment in one of Cairns’ most tightly held tourism locations - ideal as a high-performing investment, holiday apartment, or flexible city retreat. Contact us today for further information and detailed income figures.
RealistIQ deal score
Strong value signal
91
/100
Review the estimated value range, comparable sales, suburb trends, and market signals for 202/71-75 Esplanade, Cairns City before you inspect or make an offer.
Independent price check
Estimate vs market price guide
Market price guide is 20%+ below RealistIQ estimate
Use this as a second opinion and check the comparable sales below.
RealistIQ estimate range: $494,000 - $774,000Wider ranges mean more uncertainty.
RealistIQ estimate$634,000
Market price guide$480,000
$494,000$774,000
12-month Property Outlook
What could this property be worth in 12 months if the local trend continues?
See Momentum and Stable modelled scenarios for this property.
