1/19 Riviera Road, Miami QLD 4220

3 bed duplex | 150m to Miami Beach | low-maintenance coastal hold | 2003 build on 76sqm lot This property occupies a rare position: a three-bedroom duplex within walking distance of Miami Beach, on a compact but efficient 76sqm lot. The 2003 build offers modern floorplans with built-in robes, air conditioning, and secure parking—features that reduce ongoing maintenance and appeal directly to owner-occupiers seeking a lock-and-leave beachside lifestyle. Its catchment for Miami State School and High School adds family buyer depth, while the reliable NBN and 5G coverage support remote workers. The strongest buying case lies in its scarcity: duplexes this close to the beach with three bathrooms and two car spaces are uncommon, giving the buyer a differentiated position in a market where coastal proximity is the primary demand driver. The key risk is the lot size—76sqm limits future subdivision or significant extension, which may cap long-term capital growth compared to larger blocks. The 2003 build also means systems like air conditioning and roofing may need renewal within a decade, though the current low-maintenance profile offsets immediate outlay. On opportunity, the $2.15m asking sits below Property.com.au’s $2.23m estimate, suggesting room for negotiation if comparable sales support it. Rental estimates of $1,425 weekly provide a 3.4% gross yield, viable for an investor seeking a stable coastal hold. Hold this for lifestyle use or as a medium-term rental; avoid expecting land-banking upside.