SOLD
RECENT ADVICE
Sold on 28 Jul 2024 for $667,000

7/38 Duet Drive
Mermaid Waters QLD 4218

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Property Details for 7/38 Duet Dr, Mermaid Waters

7/38 Duet Dr, Mermaid Waters is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces.This Property is currently listed for rent with COASTAL °

Building Type
Apartment
Local Government
Gold Coast City
Lot/Plan
7/BUP4581

Last Listing description (July 2024)

Nestled in a boutique complex of only 14 units, this charming ground-floor residence offers an idyllic opportunity for those seeking a harmonious blend of comfort and convenience. The layout includes two generous bedrooms and two bathrooms, plus an open-plan living and dining area that connects to a well-equipped kitchen, ensuring ample space for relaxation and privacy. Outside, the covered alfresco patio provides a perfect space for entertaining, while a single garage offers practicality and security.

Presenting exceptional value for both investors and owners, this relaxed home offers a low-maintenance entry into the desirable suburb of Mermaid Waters. Situated within close proximity to lively shopping and dining hubs, tranquil parklands, and the beach, you'll be spoilt for choice with the ultimate in both lifestyle and location right on your doorstep.

Features include:

- Ground floor unit
- Boutique complex of only 14 residences
- 2 generous bedrooms with built-in robes
- 2 bathrooms (one ensuite and one combined bathroom/laundry)
- Air-conditioned, open-plan living and dining area
- Well equipped kitchen with convenient breakfast nook
- Covered alfresco patio
- Single car garage
- Low body corporate (approx. $44/week)
- Idyllic location within close proximity to the beach, schools, parks, shopping and dining

Suburb profile:
Centrally located to the very best the Gold Coast has to offer, Mermaid Waters provides relaxation and lifestyle second to none! Filled with an array of trendy cafes, restaurants and bars – you'll be spoilt for choice. Moments away from beaches, shopping mecca Pacific Fair, sports and recreation precinct Pizzey Park and Primary and High Schools. The waterfront properties offer direct ocean access, ideal for water enthusiasts and leafy parks and bikeways appeal to the outdoorsy type. A friendly community suburb, Mermaid Waters has something on offer for everyone.

Property History for 7/38 Duet Dr, Mermaid Waters, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$667,000
28 Jul 2024
Listed for Rent
$750/w
14 Aug 2024
  • 14 Aug 2024
    Listed for Rent $750 / week
  • 28 Jul 2024
    Sold for $667,000
  • 18 Jul 2024
    Listed for Sale For Sale
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About Mermaid Waters 4218

The size of Mermaid Waters is approximately 7.1 square kilometres. It has 23 parks covering nearly 7.3% of total area. The population of Mermaid Waters in 2011 was 11,789 people. By 2016 the population was 12,042 showing a population growth of 2.1% in the area during that time. The predominant age group in Mermaid Waters is 40-49 years. Households in Mermaid Waters are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mermaid Waters work in a professional occupation. In 2011, 64.9% of the homes in Mermaid Waters were owner-occupied compared with 66.1% in 2016.

Mermaid Waters has 6,191 properties. Over the last 5 years, Houses in Mermaid Waters have seen a 115.57% increase in median value, while Units have seen a 91.65% increase. As at 31 July 2024:

  • The median value for Houses in Mermaid Waters is $1,870,467 while the median value for Units is $762,224.
  • Houses have a median rent of $1,200 while Units have a median rent of $700.
There are currently 46 properties listed for sale, and 25 properties listed for rent in Mermaid waters on OnTheHouse. According to CoreLogic's data, 351 properties were sold in the past 12 months in Mermaid waters.

Suburb Insights for Mermaid Waters 4218

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Arthur Girard
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John Reid Real Estate
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.