Monaco Property Group reveals $500 million NALU on Miami beachfront

Monaco Property Group has revealed NALU By Monaco, a $500 million development of 44 private residences on a 7,238sqm beachfront site at 122 Marine Parade, Miami, Gold Coast.

The landmark residential development comprises of only 44 private residences across a 7,238sqm beachfront site, at the base of the iconic Nobby’s headland in Miami Beach, set within the tightly held coastal enclave between Nobby’s Beach and Burleigh Heads, moments from the prestigious Hedges and Albatross avenues.

NALU’s iconic site benefits from 80 metres of beach frontage with substantial private residences, expansive outdoor living areas and more than 3,000sqm of resident-only lifestyle and wellness amenity

The launch represents a once-in-a-lifetime opportunity to secure a residence at one of Australia’s most exclusive beachfront addresses.

The project is the vision of Monaco Property Group Jonathan Grasso, with architecture by BDA Architecture, interiors by Tom Mark Henry and landscape design by LDG Landscape Architecture.

The iconic site was acquired by Monaco Property Group for $70 million in 2024.

Michael Kollosche, principal of the project’s exclusive sales and marketing agency, said NALU had been conceived for buyers seeking the convenience of apartment living while retaining the qualities they valued in a substantial home.

“People moving from large beachfront and waterfront homes are accustomed to space, privacy and the ability to entertain family and friends comfortably," Michael said.

"They want less maintenance without compromising on how they live."

“That was central to the thinking behind NALU: generous residences, substantial outdoor spaces and an amenity offering that makes the move feel like an improvement in lifestyle.

“The site is a major part of that. 

"It offers more than 7,200 square metres, 80 metres of beach frontage and three street frontages, with the headland immediately behind it. 

"The Nobby’s Beach retail and dining precinct is also within 450 metres.

"That combination is exceptionally difficult to replicate.”

Michael said enquiry included owners of nearby Hedges Avenue and Albatross Avenue beachfront homes, alongside buyers from Brisbane, Sydney, Melbourne and New Zealand.

“For local owners, the appeal is being able to remain connected to the coastline and community they love, with less responsibility for maintaining a large property,” Michael said.

“For buyers coming from elsewhere, it is the opportunity to secure a residence with the proportions of a home, supported by extensive private amenity, security and a dedicated concierge service.”

NALU brings together house-like proportions, expansive private outdoor spaces and an exceptional lifestyle and wellness offering to create a deeply considered way of living.

The collection spans residences from 237sqm through to the largest homes exceeding 1,400sqm, with layouts designed for everyday living, entertaining and visiting family. 

12 select residences feature their own private rooftop terraces with pools, outdoor kitchens and dining areas, creating expansive private spaces, extending the living experience beyond the interiors, for entertaining and relaxation.

At the heart of NALU’s extensive resident amenity is a world-class bathhouse and wellness offering, incorporating a thermal mineral pool, two cold plunges, snow room, sauna, steam room and red-light therapy suite.

A Technogym-equipped gymnasium, reformer Pilates and yoga studio, alongside two expansive resort-style swimming pools, further support an integrated approach to wellness and daily living. 

Residents will also have exclusive access to a private lounge with kitchen and dining facilities, golf simulator and Chairman’s boardroom with integrated conference facilities.

Monaco Property Group co-founder Jonathan Grasso said the scale and location of the site had been fundamental to NALU’s design, allowing the team to draw inspiration from two defining natural assets - Nobby’s Hill and the Miami beachfront.

“This is a project we want to stand the test of time. Every decision, from the scale and architecture to the landscaping, wellness and amenity, has been considered around how people will live here, both now and well into the future,” said Michael.

“The scale and rarity of the site presented an opportunity to do something not seen before – to create a more boutique
collection of larger beachfront residences, with greater privacy, more generous amenity and an uncompromising focus on quality.

“Nobby’s Outlook is part of the Gold Coast’s history. 

"We recognise the responsibility that comes with this location and want NALU to make an enduring contribution to it.”

Construction has already commenced on site, with G&H Civil appointed to undertake early works.

NALU will be delivered through Monaco Property Group’s construction arm, which is set to be EastBuild Partners, and will be supported by seasoned project and construction managers, Eastview.

The delivery team will be led by construction industry expert Graham Goldman, supported by Eastview’s more than three decades of project and construction management experience. 

Eastview’s experience extends across some of the most recognisable residential developments on the Gold Coast.

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