15 Hythe Street
Miami, QLD 4220

Discover an exceptional knockdown opportunity on one of Miami’s most desirable beachside streets. This prime 405 square meter block offers a rare combination of immediate lifestyle appeal and outstanding development potential in a tightly held coastal location.

This property presents three compelling options for potential buyers: you can build a spectacular trophy home, redevelop the site to enjoy strong returns with three stunning units featuring a roof garden plus basement level (preliminary multi-level unit plans are available including detailed designs), or simply relax and enjoy the coastal vibe of the original 1960s home, which already generates remarkable rental returns or performs well as an Airbnb.

With no neighbors directly across the road, the site offers privacy and elevated ocean views from the first floor and above, facing south-east. Located just 130 meters from the sand, the property connects directly to the new coastal walkway, providing effortless access to patrolled beaches, scenic lookout points, and the iconic Rainbow Stairs. Additionally, it is only moments from the vibrant Nobbys Beach precinct, North Burleigh, and Miami One, with a new light rail station a mere 200 to 250 meters away.

Premium Development Potential

The current owner has engaged New Paradigm Design, a leading Gold Coast design firm and architect, to prepare detailed preliminary plans for a sophisticated four-level including basement, three-unit luxury apartment complex with a roof garden.

The proposed design includes three full-floor apartments, each approximately 225 square meters in size, secure basement parking with lift access, a private swimming pool and sun-drenched courtyard, and an expansive roof terrace complete with pergola and entertaining space.

This modern, architecturally designed project maximizes the block's potential while capturing the essence of premium beachside living. The site supports medium residential zoning development, a rare find so close to the beach, allowing 3 to 4 levels, subject to council approval.

Strong Investment Fundamentals

The existing short-term rental (Airbnb) shows excellent performance with significant upside once redeveloped. It represents a valuable land banking opportunity in one of South-East Queensland’s highest growth coastal precincts.

The current dwelling features split-system air conditioning, ceiling fans throughout, a large double shed suitable for two cars, and additional undercover parking, enabling the generation of strong income while development plans progress.

Opportunities to secure such a genuine beachside block of this quality, with concept plans already prepared by a respected architect, are becoming increasingly rare. This is an outstanding proposition for developers, investors, or owner-occupiers seeking to create something exceptional in one of the Gold Coast’s most coveted locations.

Just 130 meters from the beach and a short walk to Nobbys’ cafes, bars, and restaurants, this location offers everything that makes Miami Beach and Nobbys so desirable. From sunrise swims to sunset strolls and vibrant nights out, boutique dining, coffee spots, bars, shopping, and retail are all within a short stroll, while your home remains tucked away in a quiet, secure, and highly sought setting.

Miami is nestled along Australia's stunning Gold Coast and is a vibrant coastal community known for its relaxed lifestyle, breathtaking ocean views, and world-class surf. This picturesque suburb offers a perfect blend of natural beauty and modern convenience, making it an ideal place to call home.

Enjoy pristine beaches, lush national parks, and scenic walking tracks with lookout points offering endless outdoor activities and breathtaking scenery. The local Nobbys shopping village features trendy cafes, boutique shops, ice cream parlors, and lively markets, creating a warm and welcoming atmosphere for residents and visitors alike.

Interested parties are encouraged to enquire today to receive the full preliminary plans and arrange a private inspection.