OFF MARKET

1/93 Albatross Avenue
Mermaid Beach QLD 4218

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 126m2
Land area: 588m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 11 Nov 2024
Low

High
Save

Property Details for 1/93 Albatross Ave, Mermaid Beach

1/93 Albatross Ave, Mermaid Beach is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1983. The property has a land size of 588m2 and floor size of 126m2. While the property is not currently for sale or for rent, it was last sold in December 2021.

Building Type
Unit
Year Built
1983
Floor Size
126m2
Land Size
588m2
Local Government
Gold Coast City
Lot/Plan
1/BUP5681

Last Listing description (December 2021)

Auction this Sunday 19th December, 11am on site!

Surrender to the sense of peace and relaxation that envelops you in this tranquil beachfront setting, literally footsteps to the famous golden sands and rolling waves of Mermaid Beach. Whether you're in search of your home away from home or looking to make the ultimate lifestyle change by the beach, you can't afford to miss this.


Apartments like this rarely come available, 3 bedroom apartments on the beachfront have been tightly held over the past 18 months. Don't miss your opportunity to secure this rare apartment as you could be waiting some time for the next one!

Our seller has purchased elsewhere, this property will be sold at Auction with all genuine cash offers considered prior to.

Positioned on the ground floor of the tightly held 'Paloma', this generous apartment is truly a rare find featuring 3 large bedrooms, each with built in wardrobes, 2 bathrooms including a master with ensuite.

The spacious light filled open plan living, kitchen and dining area each boast beautiful ocean views and direct access onto the beachfront gardens and communal pool.

Renowned for its desirable position, 'Paloma' offers only 12 units on an incredible 2,428m2 beachfront allotment and an enviable lifestyle for the fortunate residents that call it home.

Wake to the soothing sound of waves crashing, the salty smell of the sea and the cool ocean breezes that waft through your beachfront windows. The azure blue Pacific Ocean is your backdrop as you enjoy relaxed mornings, lazy afternoons and balmy nights from your private coastal oasis.

With no roads to cross to the pristine stretch of coastline that will forever adorn your view, this is what absolute beachfront living is all about.

Live, dine and play in the Gold Coast's hottest and most sought after location. Enjoy daily strolls along the picturesque beaches, catch up with friends over a cool drink and meal at one of the many stylish bars and restaurants at your fingertips. The kids will also love the close proximity to parks and their Nipper program at the Nobby Beach Surf Club!

This sought after precinct also offers close proximity to world class shopping at Pacific Fair, the Star Casino and the Broadbeach entertainment precinct, all within a few minutes' drive plus the added convenience of the upcoming stage 3 of the G-Link.

Features:
- Absolute beachfront 3 bedroom, 2 bathroom ground floor apartment
- Master bedroom with ensuite and walk in wardrobe
- Open plan living, kitchen and dining with ocean views
- Security basement car accommodation plus ample visitor parking
- Renovation potential - make your personal touches and add value
- 'Paloma' - tightly held absolute beachfront block on 2,428m2 land area
- Direct beach access, inviting in ground pool and BBQ entertaining
- Prestigious Mermaid Beach address
- Prime Nobby's Beach address
- Easy stroll to cafes, bars and restaurants

Auction: Sunday 19th December, 11am on site (unless sold prior)
Auction terms: $100,000 deposit, 30 - 60 days settlement (Buyer's choice)

Council rates: $4,500 per annum (approx.)
Water rates: $1,500 per annum (approx. - variable upon consumption)
Body corporate fees: $152 per week (approx.)
Rental estimate: $1,200 per week on a permanent rental basis

The limited availability of 3 bedroom beachfront units in older style buildings make this a rare find and an opportunity not to be missed.

For a copy of the information pack or to arrange a private inspection, contact Matt Maguire or Luke Henderson today!

Due to State Government Legislative requirements, to bid at auction photographic ID is required for registration. The deposit is due to be paid immediately after the fall of the hammer on auction day unless other prior arrangements have been made.

This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes only.

Potential buyers should make their own inspections and enquiries and seek their own independent legal advice before signing a contract of sale, to satisfy themselves that all details relating to the property are correct.

Property History for 1/93 Albatross Ave, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$2,400,000
19 Dec 2021
  • 19 Dec 2021
    Sold for $2,400,000
  • 03 Dec 2021
    Listed for Sale AUCTION
  • 19 Nov 2021
    Sold for $1,600,000
Sign in to see more transactions

Commute Calculator

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 5,609 properties. Over the last 5 years, Houses in Mermaid Beach have seen a 101.41% increase in median value, while Units have seen a 105.35% increase. As at 31 October 2024:

  • The median value for Houses in Mermaid Beach is $2,605,736 while the median value for Units is $973,758.
  • Houses have a median rent of $800 while Units have a median rent of $775.
There are currently 43 properties listed for sale, and 30 properties listed for rent in Mermaid beach on OnTheHouse. According to CoreLogic's data, 264 properties were sold in the past 12 months in Mermaid beach.

Suburb Insights for Mermaid Beach 4218

Market Insights
Mermaid Beach Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Mermaid Beach Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.