SOLD
RECENT ADVICE
Sold on 02 Feb 2024 for $1,390,000

1/31-33 Peerless Avenue
Mermaid Beach QLD 4218

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 305.73m2
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Property Details for 1/31-33 Peerless Ave, Mermaid Beach

1/31-33 Peerless Ave, Mermaid Beach is a 3 bedroom, 2 bathroom Apartment with 2 parking spaces. The property has a land size of 305.73m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 3 bedroom Apartment sold in Mermaid Beach in the last 12 months.

Building Type
Apartment
Land Size
305.73m2
Local Government
Gold Coast City
Lot/Plan
1/BUP102821

Last Listing description (February 2024)

Embrace a lifestyle of luxury in this renovated three-bedroom, two-bathroom, two car apartment, perfectly situated in the heart of Mermaid Beach. This residence offers a unique opportunity to become one of the privileged six owners of an expansive 810m2 double block located within the unlimited height zoning (High density zoning) area in Mermaid Beach! Given that the zoning boundary end at Peerless Avenue, this presents an exceptional long-term investment opportunity for anyone aiming to capitalise on arguably the best location on the Gold Coast all while enjoying the lifestyle Mermaid Beach has to offer.

Property Features:
*Spacious three-bedroom, two-bathroom

*Large outdoor terrace for year-round entertaining
*Air-conditioned open-plan living/dining area seamlessly integrates with the expansive wrap-around balcony
*Contemporary modern kitchen with modern finishes
*Generously sized second bedroom with built-in robes
*Large main bathroom with plenty of space
*Secure side-by-side basement parking
*Low body Corporate and an outdoor pool

Location Highlights:
Nestled just moments from the golden sands of Mermaid Beach and the vibrant energy of Broadbeach, this residence presents a golden opportunity for owner-occupiers and astute investors alike. Boasting walking proximity to Pacific Fair Shopping Centre, public transport, and the trendy entertainment precincts of Mermaid Beach, Nobby Beach, and Broadbeach, every convenience is at your doorstep.

Investment Potential:
This property stands as one of only six apartments on the expansive 810m2 double block, showcasing unlimited future potential in the sought-after high-density residential zone. With low body corporate fees and a well-maintained boutique block, this apartment promises a lifestyle of sophistication and ease.

Golden Opportunity Awaits:
The owner is open to considering offers in writing prior to the auction, providing an exclusive chance to secure this Mermaid Beach gem. Whether you're seeking a beach side residence, investment property, or holiday retreat, act now and arrange your private inspection today.

Inspection is a Must:
Don't miss this golden opportunity - secure your piece of Mermaid Beach luxury today! Contact us to arrange your private inspection.

We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. * denotes approximate measurements.

Property History for 1/31-33 Peerless Ave, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$1,390,000
02 Feb 2024
Listed for Rent
$1.00k/w
30 May 2024
  • 13 May 2024
    Listed for Rent - Price not available
  • 02 Feb 2024
    Sold for $1,390,000
  • 05 Jan 2024
    Listed for Sale Auction
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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 5,622 properties. Over the last 5 years, Houses in Mermaid Beach have seen a 89.00% increase in median value, while Units have seen a 102.72% increase. As at 31 August 2024:

  • The median value for Houses in Mermaid Beach is $2,497,613 while the median value for Units is $961,144.
  • Houses have a median rent of $850 while Units have a median rent of $750.
There are currently 39 properties listed for sale, and 39 properties listed for rent in Mermaid beach on OnTheHouse. According to CoreLogic's data, 270 properties were sold in the past 12 months in Mermaid beach.

Suburb Insights for Mermaid Beach 4218

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Nick Lapenna
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Geoff Cusack
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Ray White Burleigh Group
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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.