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Overview
This exceptional development potential opportunity comprises two adjoining lots located at 3640 & 3642 Main Beach Parade, within one of the Gold Coast's most prestigious coastal precincts. The combined land area of approximately 2,068 square metres offers significant scale, featuring 40 metres of frontage to both Main Beach Parade and Montgomery Avenue, presenting a substantial canvas for visionary development.
Each lot, roughly 1,034 square metres in size, holds the capability to support a development gross floor area (GFA) of up to 24,000 square metres over 40 storeys. This substantial development potential invites consideration for luxury mixed-use or residential towers that could deliver panoramic views encompassing the ocean, Broadwater, and hinterland, enhancing lifestyle appeal and value.
Positioned mere metres from the sand, the location offers an unmatched beachfront living experience, appealing particularly to developers and investors seeking generational scale and prime ocean proximity. The site benefits from conceptual plans and geotechnical reports, facilitating informed decision-making and easing the development process for prospective buyers.
Offers are invited via Expressions of Interest, either for individual 1,034 sqm lots or the total combined 2,068 sqm parcel, accommodating flexible acquisition strategies.
Local Market Insights
In Main Beach, Quiet Listings observed 2 new parcels of land entering the market over the last 30 days, down from 3 during the previous 30-day period, with an average advertised asking price of $12,625,000. The property type mix of listed properties is predominantly Apartments at 58%, followed by units (15%), and houses (15%). Ray White was the most active agency in this area, representing 74.8% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Main Beach QLD 4217
Market Insights for Main Beach QLD 4217
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
