OFF MARKET

39 Paradise Avenue
Miami QLD 4220

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
Floor area: 126m2
Land area: 610m2
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Property Details for 39 Paradise Ave, Miami

Building Type
Commercial
Floor Size
126m2
Land Size
610m2
Local Government
Gold Coast City
Lot/Plan
1/RP117712

Last Listing description (December 2022)

Located in the tightly held community of Miami is this 4-bedroom home with a large 85sqm shed. *For the astute investor or developer this 610sqm land is zoned as "low impact industry" so therefore suitable for many low impact industry, service industry and warehouse opportunities. This is a very desirable opportunity and therefore all offers will be considered prior to auction.

Currently tenanted till 29th June 2023 for $850 per week this 4-bedroom home could be continued to be rented or moved into next year.

4 Bedrooms

2 Bathrooms
Pool
85 sqm shed
Fully fenced
15 metre frontage
Current gross income $44,200*
Private location & walking distance to some of the Gold Coast's iconic beaches

Area Attractions
Miami Marketta 230 metres
North Burleigh Beach 2.0km
Burleigh Golf Club 450m
BSKT Cafe 1.5km

With a mix of commercial and residential properties on Paradise Avenue this is a thriving hub of activity and those looking with development aspirations, this property is probably one of the last suitable land sites in Miami.

*Note: All buyers should do their own independent research on property uses and all figures are approximates.

Auction - 6th October at 10am at The Star Casino

Property History for 39 Paradise Ave, Miami, QLD 4220

A timeline of how this property has performed in the market
Last Sold
$1,585,000
06 Oct 2022
Listed for Rent
$740/w
04 Jun 2021
  • 06 Oct 2022
    Sold for $1,585,000
  • 04 Jun 2021
    Listed for Rent - Price not available
  • 16 Aug 2020
    Sold for $995,000
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About Miami 4220

The size of Miami is approximately 3 square kilometres. It has 13 parks covering nearly 33.4% of total area. The population of Miami in 2011 was 6,364 people. By 2016 the population was 6,817 showing a population growth of 7.1% in the area during that time. The predominant age group in Miami is 30-39 years. Households in Miami are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Miami work in a professional occupation. In 2011, 53.8% of the homes in Miami were owner-occupied compared with 55.5% in 2016.

Miami has 4,871 properties. Over the last 5 years, Houses in Miami have seen a 116.55% increase in median value, while Units have seen a 120.77% increase. As at 31 October 2024:

  • The median value for Houses in Miami is $1,662,698 while the median value for Units is $1,039,566.
  • Houses have a median rent of $900 while Units have a median rent of $750.
There are currently 70 properties listed for sale, and 17 properties listed for rent in Miami on OnTheHouse. According to CoreLogic's data, 202 properties were sold in the past 12 months in Miami.

Suburb Insights for Miami 4220

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.