SOLD
RECENT ADVICE
Sold on 17 Mar 2024 for $1,700,000

2 Merchants Parade
Marcoola QLD 4564

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Floor area: 332m2
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Property Details for 2 Merchants Pde, Marcoola

2 Merchants Pde, Marcoola is a 5 bedroom, 3 bathroom Terrace with 2 parking spaces. The property has a floor size of 332m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 5 bedroom Terrace sold in Marcoola in the last 12 months.

Building Type
Terrace
Floor Size
332m2
Local Government
Sunshine Coast Regional
Lot/Plan
17/SP111736

Last Listing description (March 2024)

In one of Marcoola’s most sought-after premium pockets, just 200m from the pristine ocean and sands of Marcoola Beach is this seaside gem. This one of a kind property is a rare opportunity for buyers looking to secure both a home and a smart investment, allowing for both residential and commercial use.

Perfectly appointed on a North Facing corner block, this four-storey delight overlooks the lush Glen Retreat Park and is just steps to Marcoola’s nearby cafes and restaurants.

The light-filled residential residence is smartly situated on the three upper levels. The first two levels encompass three generous bedrooms, two freshly renovated bathrooms, a separate renovated laundry, an office/second living space and a superbly renovated kitchen in the heart of the home which connects to the open-plan living, dining and spacious north-facing balcony.

With air-conditioning, ceiling fans, and new flooring, no expense has been spared in this luxurious renovation. The top level of the property is an exclusive and private rooftop retreat, with grand views of the surrounding hinterland. This is the perfect space to entertain friends, watch the sunsets and relax in the heated jacuzzi.

The ground floor stands out as a prime investment or commercial feature, having previously operated as a hair salon and currently serving as a second dwelling, guaranteeing a steady passive income. Complete with a two-car garage accessible from both residential and commercial spaces, it offers a front reception/living area with street access, an office/bedroom, kitchen, additional office space, bathroom, and laundry facilities. This unique space is ideal for accommodating a range of businesses or tenants.

Such a premium and conveniently situated beachside property, 2 Merchants Parade will appeal to a wide range of buyers - families looking for a beachside escape with dual living potential, investors wanting multiple income streams, business owners looking for a space to work, live and enjoy, the options are endless.

Summary of Features
- Five-bedroom, three-bathroom, Multi-use beach side investment
- Elegantly renovated kitchen, bathrooms, and laundry
- Double car garage (currently used as an additional office, work, and retail space)
- Airconditioning, comprehensive security system, crim-safe doors
- Stylish stone kitchen bench tops with high quality Bosh Appliances
- New quality flooring throughout and plantation shutters
- No body corporate fees
- Private upstairs rooftop with luxurious jacuzzi with grand views of the surrounding hinterland
- Multiple access points for residential and commercial space
- 200m to the pristine beaches of Marcoola Beach
- Optimal location, with restaurants, transport, parks, bike paths and boardwalks all within walking distance

Property History for 2 Merchants Pde, Marcoola, QLD 4564

A timeline of how this property has performed in the market
Last Sold
$1,700,000
17 Mar 2024
  • 25 Jun 2024
    Listed for Rent $500 / week
  • 17 Mar 2024
    Sold for $1,700,000
  • 13 Mar 2024
    Listed for Sale UNDER CONTRACT
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About Marcoola 4564

The size of Marcoola is approximately 13.7 square kilometres. It has 11 parks covering nearly 27.9% of total area. The population of Marcoola in 2011 was 3,014 people. By 2016 the population was 3,162 showing a population growth of 4.9% in the area during that time. The predominant age group in Marcoola is 50-59 years. Households in Marcoola are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Marcoola work in a trades occupation. In 2011, 43.4% of the homes in Marcoola were owner-occupied compared with 47.8% in 2016.

Marcoola has 2,439 properties. Over the last 5 years, Houses in Marcoola have seen a 125.55% increase in median value, while Units have seen a 92.00% increase. As at 30 September 2024:

  • The median value for Houses in Marcoola is $1,327,248 while the median value for Units is $796,603.
  • Houses have a median rent of $680 while Units have a median rent of $680.
There are currently 29 properties listed for sale, and 4 properties listed for rent in Marcoola on OnTheHouse. According to CoreLogic's data, 100 properties were sold in the past 12 months in Marcoola.

Suburb Insights for Marcoola 4564

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Sarah Sinclair
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Emma Davis
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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.