Just a leisurely walk away from the pristine Miami Beach, this opulent 4-bedroom, 3-bathroom, 2-car residence epitomizes coastal living, seamlessly blending modern elegance with seaside allure.

Upon entering, you’ll be welcomed by a spacious and interconnected layout seamlessly integrating the living, dining, and kitchen spaces. The kitchen, equipped with high-end appliances, ensures every culinary adventure is a delight, whether you’re hosting a soirée or enjoying a quiet family dinner. Enjoy the luxury of having a bedroom with an ensuite downstairs for the convenience of one level living, with a separate powder room for guests.

The Project

Presenting this exquisite brand new, freehold titled townhouse, architecturally designed, superbly built and ideally nestled in the charming neighborhood of Miami.

• Location – All About Lifestyle

This property offers an unparalleled coastal lifestyle, conveniently situated within walking distance to Miami Beach, trendy shops, charming cafes, and restaurants in Miami. Moreover, it’s just a short drive away from the bustling Pacific Fair and the popular James Street in Burleigh Heads. Residents can enjoy the best of both worlds – the serene beach atmosphere and the vibrant urban scene, making it the ideal location for those seeking a perfect blend of relaxation and excitement.

Area

The 2022 Estimated Resident Population for Miami is 7,681, with a population density of 2,559 persons per square km.

Miami is bounded by Pacific Avenue, the suburb of Mermaid Waters, the Gold Coast Highway and Chairlift Avenue in the north, the Coral Sea in the east, Sixth Avenue, Christine Avenue, Babbler Court, Mountain View Avenue, Joeith Court and Grebe Place in the south, and the suburbs of Burleigh Waters and Mermaid Waters in the west.

• Transport

Miami has two high frequency bus services that run at intervals of 8–15 minutes during peak times. Buses that travel through the suburb are: 700 Broadbeach South – Tweed Heads (the 700 gets extend to the Gold Coast University Hospital between 12am-5am weekdays), 777 Broadbeach South – Gold Coast Airport (777 is an express bus route) and the TX1 Tweed Heads – Dream World (TX1 is a theme park express service only). All bus services on the Gold Coast are provided by Kinetic Group under contract by Translink, a subsidiary of the Department of Transport and Main Roads.

• Education

Miami State High School is a government secondary (7-12) school for boys and girls at 2137-2205 Gold Coast Highway (28.0628°S 153.4378°E). In 2018, the school had an enrolment of 1,255 students with 103 teachers (100 full-time equivalent) and 62 non-teaching staff (45 full-time equivalent). It includes a special education program certified through the National Disability Insurance Scheme.

• Shopping

Miami One is home to Coles, Australia Post and over 23 speciality stores.

• Sports and Recreation

Pizzey Park is a major Gold Coast sporting and recreational located at 80 Pacific Avenue.

A number of well-known sporting teams represent the local area, including the Burleigh Bears, the Eastern Cobras, and Miami Beach Surf Life Saving Club.

Region

A broad overview of the Gold Coast housing market shows home values have moved higher. Annually, home values have been increasing since August 2013, showing an overall strengthening across the market.

Australia

CoreLogic: HOME VALUE INDEX – 1st Feb 2023 – Tim Lawless

Housing upswing carries into 2024 with national dwelling values rising 0.4%

Australia’s housing upswing continued through the first month of 2024 with CoreLogic’s national Home Value Index (HVI) rising 0.4% in January. Up from the 0.3% increases seen in November and December, this marks the 12th straight month of value rises.

Beneath the headline result, housing market performance remains diverse around the country. Three capitals recorded a subtle decline over the month (Melbourne -0.1%, Hobart -0.7% and Canberra -0.2%), while, Perth, Adelaide and Brisbane values continued to rise at the monthly rate of 1% or more.

CoreLogic’s research director, Tim Lawless, identified Perth as a stand out among the capital cities for a persistently rapid rate of capital gains. “Perth home values rose a further 1.6% in January, on par with the city’s growth trend in November and December and only slightly lower than the recent high of 1.8% recorded in October. The western capital continues to see housing demand outweigh supply, helping to push values 16.7% higher over the past 12 months. Despite that, housing prices remain relatively affordable compared with most capital cities, with the median dwelling value sitting just under $677,000.”

House values have continued rising at a faster rate relative to unit values in January, with the gap between the median capital city house and unit values rising to a record high of 45.2% in January. Across the combined capitals, detached housing values rose by half a percent over the month, adding the equivalent of around $4,800 to the median house value while units increased a smaller 0.1%, equivalent to a $900 lift.

“Since the commencement of the upswing, capital city house values have surged 11.0% higher while unit values are up 6.9%. It seems that most Australians are willing to pay a higher premium than ever for a detached home,” Mr Lawless said.

Regional markets are now showing a stronger trend in value growth relative to the capital cities. The combined regional index rose 1.2% over the rolling quarter compared with a 1.0% rise across the combined capitals index.

“While both the combined capitals and combined regional markets are losing momentum in the pace of value growth, the capital city trend has slowed more sharply, mostly due to the flattening of growth conditions in Melbourne and Sydney,” Mr Lawless said. “Across the other states, regional WA, SA and Queensland continue to record a slower pace of growth relative to their capital city counterparts; these are also the three regional markets where dwelling values are at record highs.”

Despite worsening housing affordability, the volume of home sales has held slightly above average over the past three months. CoreLogic estimates there were 115,241 dwellings sold over the three months ending January; 11.9% higher than the same period last year and 0.5% above the previous five-year average for this time of the year.

“Despite ongoing cost of living pressures, high interest rates, low consumer sentiment and affordability constraints, homes are still selling. Housing demand has been buoyed by high migration, but also tight rental markets that have probably incentivised renters to transition towards home ownership if they can afford to do so,” Mr Lawless said.

CoreLogic: HOME VALUE INDEX – 1st February 2024 – Tim Lawless

Whether you are looking to buy to live in, or you know a friend that could be interested or you are looking to rent it as an investment this is a great property and great long term proposition. Contact John Tsoulos on 0410 583 875 or (08) 8423 6176 for a no obligation discussion on how we can work with you to create more wealth for you over the longer term.