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Sold on 27 Apr 2024 for $2,643,000

18/125 Albatross Avenue
Mermaid Beach QLD 4218

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 146m2
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Property Details for 18/125 Albatross Ave, Mermaid Beach

18/125 Albatross Ave, Mermaid Beach is a 3 bedroom, 2 bathroom Apartment with 1 parking spaces. The property has a floor size of 146m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 3 bedroom Apartment sold in Mermaid Beach in the last 12 months.

Building Type
Apartment
Floor Size
146m2
Local Government
Gold Coast City
Lot/Plan
18/BUP6017

Last Listing description (April 2024)

SOLD BY TOLEMY STEVENS

This property was sold at auction by The Tolemy Stevens Team

Method of Sale: Sold at Auction

Marketing Campaign: Social, Press and Digital Campaign

Inspections: 59

Enquiries: 42

Days on Market: 28

Wake to the soothing sound of waves and cool ocean breezes, enjoy relaxed mornings, lazy afternoons, and the night lights of the skyline on your own private oceanfront balcony. Step out onto the sands of the pristine stretch of coastline, with the patrolled beach at your doorstep ensuring peace of mind for the whole family - this is what beachfront living is all about!

Positioned in one of the most prestigious streets in the country, Albatross Ave, a boutique building of only 21 residences set on a massive 2,059m2 blue chip absolute beachfront land, welcome to "Albatross North". In the last 7 years only one 3 bedroom has been available for sale.

Apartment 18 on the 6th floor, is one of only seven apartments that boasts the most forward beachfront position within the building, boasting uninterrupted ocean views both up and down the coastline never to be built out.

Currently presented as an attractive "luxury Airbnb" rental where the seller enjoys extremely attractive returns, this rental can be passed onto the new owner, otherwise vacant possession can be offered on settlement. With 5-star reviews and super host status this apartment has returned $121k in 15 months with the current owner also enjoying the unit as well during this period. There's plenty of potential for a greater return or to keep as is and enjoy.

Apartment features:
• 167m2 of absolute beachfront living
• Spacious 3 bedrooms all with ocean views, 2 bathrooms
• Fully renovated, not a cent to spend
• 6th floor, Connected to the sand, Relaxed Beach-House feel
• Large open plan living, dining and entertaining areas
• Fully equipped Gourmet kitchen, Miele appliances, coffee machine
• Fully furnished and styled with quality designer furniture
• 3 generous balconies - Watch sunrise to sunset
• Sea breezes flow through from front to back, light and bright apartment
• East balcony - Ocean views of the whole coastline from Coolangatta to Sth Stradbroke Island
• West Balcony - Skyline, hinterland, and glorious sunset views
• Large frontage to the ocean - 3 directional panoramic views
• 1 car space plus storage cage on title
• Fully air-conditioned
• Set on a massive 2,059m2 of prime beachfront land
• 1 of only 21 owners, boutique building, 7 floors in total
• Rare corner position, set at the start of Hedges Avenue, end of Albatross Ave
• Communal heated outdoor beachfront pool and BBQ area
• Short stroll to world class shopping and dining precincts

This is truly the ultimate position for a luxury holiday home, returning investment, private residence, or strategic land hold, either way the choice is yours.

Situated in the sought-after Albatross Avenue enclave, 150m from BSKT café and 300m from the bustling Nobby Beach restaurants, shops, and necessary amenities - all accessible on foot, it's also just 15.5km from Gold Coast Airport and minutes from the delights of Pacific Fair shopping centre, The Star Casino, Broadbeach Convention Centre and more.

This is a prized lifestyle many covet, and few achieve. Experience this pinnacle of low maintenance, absolute beachfront luxury for yourself that epitomises the ultimate beachfront sanctuary.

Private Auction: Saturday 27th April at 1.00pm, On-Site

Exclusively Listed by Tolemy Stevens of Coastal - Luxury Beachfront Specialist.
www.tolemystevens.com.au

Disclaimer: 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.

Disclaimer: 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.

Property History for 18/125 Albatross Ave, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$2,643,000
27 Apr 2024
  • 27 Apr 2024
    Sold for $2,643,000
  • 04 Apr 2024
    Listed for Sale AUCTION ON-SITE
  • 16 Aug 2022
    Sold for $2,050,000
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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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Tolemy Stevens
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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.