A young British tourist who was reported missing on the Gold Coast has died.

Lewis Jack, 22, was last seen on Saturday night in Surfers Paradise, with Queensland Police on Tuesday asking the public for help to find him.

On Wednesday morning, police issued an update confirming Mr Jack had tragically died.

He was found by water police about 7.40pm on Tuesday night.

The death is not being treated as suspicious, and detectives believe he fell into the water near the Isle of Capri while affected by alcohol and drowned.