Imagine living, investing, or building in one of the Gold Coast’s most exclusive canal-front enclaves — where every day feels like a coastal escape, and every moment is framed by the sparkling waterways of Broadbeach Waters. 1 Sarasota Key presents a rare and highly coveted opportunity: a 584m² east-facing waterfront block with a 20.2m frontage, combining immediate rental income, lifestyle potential, and unlimited scope for redevelopment or bespoke architectural creation.
The existing 70-year-old residence, solid and fully liveable, is cleverly divided into three self-contained living spaces, currently generating $1,800 per week. This means that whether you are an investor, a developer, or a family dreaming of a new waterfront masterpiece, you can benefit from immediate income while planning your next move.
The real magic lies in the possibilities: a knock-down and rebuild of a luxurious modern home, a multi-level canal-front residence, or even dual dwellings (STCA), all within a stone’s throw of Broadbeach’s world-class amenities. With neighbouring properties commanding multimillion-dollar prices, this site offers instant prestige and long-term value growth.
Step outside, and you can already feel the lifestyle this location promises. Walk to Pacific Fair for shopping and fine dining, wander along the canals, or stroll to the beach and Broadbeach’s vibrant cafés and restaurants. On weekends, enjoy boating or waterside relaxation just steps from your door. This is coastal living at its finest — a place where the Gold Coast lifestyle becomes your everyday reality.
Why this property is a once-in-a-lifetime opportunity:
Prime waterfront block: 584m², east-facing, 20.2m frontage, canal access
Income while you plan: $1,800/week across three self-contained units
Architectural freedom: build your dream home, dual dwellings, or multi-level HMO (STCA)
Prestigious surroundings: multi-million-dollar homes, modern developments, and blue-chip coastal location
Exceptional lifestyle: walk to Broadbeach beaches, cafes, Pacific Fair, The Star Casino, and luxury amenities
Scarce opportunity: canal-front blocks with this frontage rarely become available
The current home includes:
A two-bedroom main residence with ensuite, kitchen, dining, and living area
A guest wing with private entrance, one bedroom, kitchen/dining, and bathroom
A studio conversion from half the garage with kitchenette, bathroom, and main living/bedroom
A 4m x 6m gazebo with spa, water filtration, and fenced pool area
Split-level backyard with retaining walls and canal-edge landscaping
This is not just a property — it’s a canvas. It’s a chance to create a bespoke masterpiece, capture the canal-front lifestyle, and secure a foothold in one of the Gold Coast’s most desirable locations. With waterfront supply dwindling and Broadbeach Waters considered the pinnacle of prestige, the window to act is limited — the astute buyer will recognize the value immediately.
Opportunities like this are extremely rare. Whether you are an investor, developer, or owner-builder, this property will not remain on the market for long. Serious buyers are encouraged to register their interest and arrange private inspections immediately to avoid missing out on this unparalleled lifestyle and investment opportunity.
Private inspections available immediately, contact Altora today. Owners instructions are clear - must be sold!
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