16 Marine Pde, Miami
A homeowner who bought up neighbouring beachfront titles over four years has nearly tripled his outlay, after the combined property sold for $9.3 million at auction.
The seller purchased the first beachfront home for $1.513m in 2017 before buying the adjoining residence for $2.36m in 2020.
Once both homes were in the same ownership, a concealed internal door linking the two self-contained residences was uncovered, allowing the properties to be marketed and sold together as a dual-living offering with twin titles.
The property sold under the hammer
The house had 10m beach frontage
Marketing agent Amir Mian, of Amir Prestige, said the strategy enhanced the overall value of the coveted 567 sqm parcel at 16 Marine Pde, Miami.
“The property looked like it was designed for multigenerational living, but the original owner kept one title and sold one off,” Mr Mian said.
“When the seller took ownership of both, they discovered an interconnecting door that had been gyprocked over.
“It made sense to market the two titles together, and the buyers are a family who plan to share the property with their two adult sons.”
Each level has a large oceanview balcony
The three-storey property includes multiple self-contained living zones, extensive garaging and beachfront balconies, with configurations suited to multigenerational living or future adaptation, subject to approval.
“This rare coastal holding presented a once-in-a-generation opportunity with lifestyle flexibility, proven income capability and long-terms redevelopment potential,” the listing stated.
The property’s penthouse-style top level had three bedrooms and two bathrooms with open-plan living and dining areas, a modern kitchen and large balcony capturing interrupted ocean views.
Living spaces have a relaxed coastal aesthetic
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Three more bedrooms and two bathrooms plus kitchen and living spaces anchored the first floor, while on the ground level a one-bedroom studio with large recreational space was well-suited as a teen or parents’ retreat, Mr Mian said.
PropTrack data shows Miami house prices jumped 6.7 per cent over the past 12 months, to a median of $1.855m.
Mr Mian said Miami was a growth market, enhanced by tram and public transport links and a thriving beachside dining and shopping strip.
The sale was one of several high-end deals closed at Amir Prestige’s Grand Summer Auction Event at The Langham Hotel, which generated more than $80m total.
Other standout results included a $13m Broadbeach Waters waterfront property, a $6.4m Main Beach sub-penthouse sold prior to auction, and a $3.16m Southport home sold under the hammer.
The event drew more than 150 registered bidders and achieved a 50 per cent clearance rate.
Mr Mian said strong buyer depth, particularly from interstate and offshore purchasers, underpinned competition across the top end of the market.
A modern kitchen anchors this living zone
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