207/98-106 Marine Parade, Miami QLD 4220

207/98-106 Marine Parade, Miami QLD 4220
2-bed apartment | 103 sqm internal | Marine Parade frontage | Miami State School catchment | Not currently listed What makes this property stand out is its size. At 103 square metres of internal area, this two-bedroom apartment is significantly larger than what is typically found in coastal apartment stock, where units often trade space for location. The Marine Parade address places it on the beachfront corridor, which generally attracts a mix of downsizers seeking single-level living and lifestyle buyers who prioritise immediate beach access over a house and yard. The configuration with two parking spaces is also a practical advantage in a premium coastal strip where car storage can be tight. This property would suit an owner-occupier looking for a genuine coastal home rather than a compact investment unit, and the Miami State School catchment adds family appeal without compromising the beachside character. Several factors may influence how this property is valued. The building age and floor level are not confirmed from available records, and both can materially affect light, views, and noise exposure on a frontage road like Marine Parade. The apartment sits within a 1,796 square metre site, which is a relatively large lot for an apartment building in this corridor, but without knowing the total unit count or common-area quality, it is difficult to assess whether the land component adds meaningful value. The estimated rental yield in the area is moderate, which suggests the market here is driven more by capital growth and lifestyle demand than by cash flow, so a buyer should weigh how long they intend to hold and whether the property’s size and position justify a premium over smaller units in the same street.
Detailed Independent Property Report prepared  by PropCred Analyst team for 207/98-106 Marine Parade, Miami QLD 4220
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Market Insight:

Miami presents a premium coastal market with a clear divergence between its established house and unit segments. Demand is anchored by lifestyle buyers seeking enduring value, with units demonstrating notably stronger and more consistent capital growth. The market is active, with houses transacting efficiently, though their performance shows recent variability. Future prospects are underpinned by this sustained unit demand, yet the higher-priced house segment may face constraints from broader affordability pressures.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

2

Land

1796m²

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