72 Marine Pde, Miami is going under the hammer on Friday.
ONE of the last remaining beachfront shacks in Miami on the Gold Coast is set to draw a crowd when it goes under the hammer on Friday.
The property at 72 Marine Pde has had no shortage of interest since it hit the market earlier this month with more than 150 inquiries, according to Kollosche agent Carlie Mills, who is marketing the property alongside principal Michael Kollosche.
The shack is in a prime location at Miami.
It has a huge backyard.
“It’s one of the last remaining shacks along Marine Pde and obviously properties likes this don’t come up often,” Ms Mill said.
“We have had huge demand for this property.
“It’s a 678sq m block with over 12m of frontage which has been driving up demand.
“Most blocks in Mermaid Beach and Miami only have 4-5m of frontage.”
72 Marine Pde, Miami goes under the hammer on Friday.
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The blue shack, complete with a white picket fence, original timber flooring, and timber veneer cabinetry, has buyers torn on whether to hold, renovate or rebuild.
“This property definitely has buyers divided,” Ms Mills said.
“Some want to keep the original 1960s beach shack, others may want to develop or do a new build.”
The shack overlooks the beach.
Ms Mills said most interest had been from Gold Coast buyers with some interstate inquiries.
“We’ve had a handful of interstate inquiries with buyers looking at moving up and enjoying the lifestyle that this property provides,” Ms Mill said.
The vendors bought the property in January, 2020, and a change of circumstances meant they needed to now sell.
It is one of the last remaining beach shacks on Marine Pde.
“We are struggling to find anything comparable to this property,” she said.
“Being a large block with a large frontage, the opportunities are really endless here.
“You’re not only buying the property but you’re buying the lifestyle.”
Justin Nickerson of Apollo Auctions will call the auction on Friday at 12 noon.
Miami has experienced rapid growth over the city’s Covid property boom, with houses up a staggering 103.1 per cent over three years to a median of $1.5 million, PropTrack data reveals.
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