OFF MARKET

5/276 The Esplanade
Miami QLD 4220

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 100m2
Land area: 384m2
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Property Details for 5/276 The Esplanade, Miami

5/276 The Esplanade, Miami is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 384m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in January 2023.

Building Type
Unit
Year Built
1980
Floor Size
100m2
Land Size
384m2
Local Government
Gold Coast City
Lot/Plan
5/BUP3644

Last Listing description (February 2023)

Live the ultimate Gold Coast beachfront lifestyle today from this fantastic apartment located just a stone's throw to the sparkling Pacific Ocean, local surf clubs, boutique shopping & restaurants and only a short walk to some of the best local distilleries and breweries on the coast.

This is a fantastic opportunity for the astute investor, first home buyer or retiree to add a blue-chip property holding to their portfolio or to simply move in and enjoy the amazing lifestyle of one of Australia's best beachside suburbs.

The building 'SEVENTH AVENUE' is an original brick and tile construction with just 12 units sharing a generous 1,002M2 corner block allotment ripe for future redevelopment & developer interest

The unit has low holding costs at just $73.00 p/week body corporate and a rental yield in the vicinity of $750.00-$800.00 p/week or more through boutique Air-BNB holiday letting. The building has no on-site management or expensive amenities helping to keep the body corporate low.

Beachfront land in Burleigh Heads & Miami is quickly being developed & bought out by large investment funds with a limited supply of original buildings left for re-development.

Positioned perfectly on the Esplanade, you're only a few steps from basking in the beauty of Burleigh Heads beach, famous for its world-renowned surf break, iconic headland, and stunning nature reserve.

If you feel like venturing into town, it's just a short, easy stroll to James Street, Burleigh's popular shopping precinct with its bustling cafes, award winning restaurants, two supermarkets, organic health food shop, designer fashion and homeware boutiques and vibrant community.

Featuring an open plan lounge, dining with access to the balcony, a neat and tidy kitchen with plenty of cupboard space and two bedrooms both with built-ins and ceiling fans. Also has easy access off the Esplanade to a single undercover basement car space.

- $73.00 per week body corporate'
- $700.00-$750.00 p/w rental return
- Located on 2nd floor in a small well-maintained boutique building
- One of only 12 units sitting atop 1012sqm of prime beachfront land.
- Open plan design, with natural light & access to multiple balconies
- Neat and tidy kitchen with electric cooking & plenty of cupboard space
- 2 large double bedrooms both with built in robes, master with balcony access.
- Easy access under the building to the single car space
- No lift, pool, or on-site manager costs in this well-built block
- Located on the Esplanade directly across from pristine Burleigh Beach
- Close proximity to the popular James Street hub with trendy cafs, restaurants & shopping boutiques
- Walking distance to transport, surf clubs and Woolworths in Burleigh
- 10-minute drive to M1 Pacific Motorway
- 10-minute drive to Robina
- 20-minute drive to Coolangatta Airport & Tweed
- 45 minutes to outskirts of Brisbane 60 minutes to Brisbane Airport

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise

Property History for 5/276 The Esplanade, Miami, QLD 4220

A timeline of how this property has performed in the market
Last Sold
$925,000
27 Jan 2023
Listed for Rent
$825/w
27 Aug 2020
  • 27 Jan 2023
    Sold for $925,000
  • 16 Jan 2023
    Listed for Sale UNDER CONTRACT
  • 27 Sep 2019
    Listed for Rent $825 / week
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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 4,869 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 16 properties listed for rent in Miami on OnTheHouse. According to CoreLogic's data, 199 properties were sold in the past 12 months in Miami.

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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.