SOLD
Sold on 27 Apr 2024 for $3,676,000

1/111 Albatross Avenue
Mermaid Beach QLD 4218

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 94m2
Land area: 228m2
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Sold By
Amir Prestige Group Mermaid Beach
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Property Details for 1/111 Albatross Ave, Mermaid Beach

1/111 Albatross Ave, Mermaid Beach is a 3 bedroom, 1 bathroom Townhouse with 2 parking spaces and was built in 1982. The property has a land size of 228m2 and floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 3 bedroom Townhouse sold in Mermaid Beach in the last 12 months.

Building Type
Townhouse
Year Built
1982
Floor Size
94m2
Land Size
228m2
Local Government
Gold Coast City
Lot/Plan
1/GTP1050

Last Listing description (July 2024)

Footsteps from the sand and surf and occupying one of the last lucrative landholding opportunities on exclusive Albatross Avenue. The first time offered to the market in 30 years, this 228m2 area (plus 29m2 common property area) north-east corner block is the gateway to a dream beachside lifestyle. With a limited supply of knock-down/rebuild or development sites, this is a great chance to create a bespoke beachside haven or luxury development.

Currently hosting an original 1962 brick veneer low-set, 3-bedroom beach house behind a charming picket fence, explore your options to knock down and rebuild or develop this site. Zoned for Medium Density Residential Development, capitalise on its location and build upwards, embracing beach and any potential city skyline views.


Positioned in Mermaid Beach, there's a good reason why this suburb is so sought-after. A prime coastal location to live, dine and play, its proximity to the sand, surf and burgeoning foodie hubs unites a love of premium living and dining within a stunning beachside setting.

When you're not enjoying an early morning beach stroll or swim, head to nearby BSKT for an organic breakfast, or make plans to meet friends for dinner at a choice of tempting eateries, including the newest popular culinary destination, The Oxley. Pacific Fair and the glitz and glamour of The Star Casino are waiting in approx. 3km, along with all the delights of Broadbeach, plus with the light rail coming soon, you'll have easy access to public transport, to travel up and down the coastline to all first-class Gold Coast amenities.

Will you be the one to turn this unparalleled opportunity into reality? Arrange your inspection today.

Property Specifications:

Extremely unique property opportunity, only 50m from the beach
Enticing potential, with a limited supply of Mermaid Beach knock-down/re-build or development sites
First time to market in 30 years
Zoned for Medium Density Residential Development
Capitalise on the location and build up to embrace beach and city skyline views
Northeast corner block, 257m2
Occupying a sought-after position on the easterly side of Albatross Avenue
Original 1962 brick veneer low-set cottage tucked behind a charming picket fence
Current 3-bed, 1-bath home includes separate lounge and dining, separate laundry, double carport, paved courtyard
Prestigious enclave close to vibrant Mermaid and Nobby Beach eateries, including The Oxley and BSKT cafe
Approx. 3km from Broadbeach, home to Pacific Fair, The Star Casino and GC Convention Centre
Ample public transport, soon to be enhanced with the light-rail

Disclaimer: The above information has not been verified. We advise you confirm the accuracy of details before entering into a contract. Amir Prestige and its employees cannot be held responsible for any inaccurate details supplied here

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Property History for 1/111 Albatross Ave, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$3,676,000
27 Apr 2024
  • 27 Apr 2024
    Sold for $3,676,000
  • 25 Mar 2024
    Listed for Sale SOLD FOR $3,676,000.00
  • 21 Mar 1994
    Sold for $235,000

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About Mermaid Beach 4218

The size of Mermaid Beach is approximately 1.5 square kilometres. It has 5 parks covering nearly 2% of total area. The population of Mermaid Beach in 2011 was 5,722 people. By 2016 the population was 6,524 showing a population growth of 14.0% in the area during that time. The predominant age group in Mermaid Beach is 20-29 years. Households in Mermaid Beach are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mermaid Beach work in a professional occupation. In 2011, 41.3% of the homes in Mermaid Beach were owner-occupied compared with 43.5% in 2016.

Mermaid Beach has 5,624 properties. Over the last 5 years, Houses in Mermaid Beach have seen a 86.14% increase in median value, while Units have seen a 94.65% increase. As at 31 July 2024:

  • The median value for Houses in Mermaid Beach is $2,424,549 while the median value for Units is $910,639.
  • Houses have a median rent of $900 while Units have a median rent of $750.
There are currently 38 properties listed for sale, and 36 properties listed for rent in Mermaid beach on OnTheHouse. According to CoreLogic's data, 277 properties were sold in the past 12 months in Mermaid beach.

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