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Sold on 12 Aug 2024 - Price Unavailable

242/2360 Gold Coast Highway
Mermaid Beach QLD 4218

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Property Details for 242/2360 Gold Coast Hwy, Mermaid Beach

242/2360 Gold Coast Hwy, Mermaid Beach is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Apartment sold in Mermaid Beach in the last 12 months.

Building Type
Apartment
Local Government
Gold Coast City
Lot/Plan
42/SP141084

Last Listing description (August 2024)

Discover an exceptional ground floor apartment, make it your home or a perfect investment opportunity at Turtle Beach Resort, a family-friendly haven that promises impressive returns. This property is a standout addition to any portfolio, offering the advantage of taking on six months' worth of bookings in advance. With a current turnover of $67,000 per annum and a 95% occupancy rate, it's a lucrative prospect.

The light-filled interior is designed for relaxed living, featuring two spacious bedrooms, two bathrooms, and low-maintenance finishes throughout. Enjoy year-round comfort with split system air-conditioning in the open-plan kitchen, dining, and living areas. Both front and rear balconies enhance the indoor-outdoor lifestyle.

Each bedroom comes with built-in robes, while the master bedroom boasts an ensuite. Additional conveniences include an in-unit laundry and a parking space for one car.

Guests will love the resort's amenities, which include a splash zone water park, four pools, waterslides, saunas, spa pools, and a 22-seat cinema for endless entertainment.

Located within easy reach of stunning beaches, vibrant shops, cafes, and restaurants, this property is also conveniently close to public transport, Pacific Fair Shopping Centre, and The Star Gold Coast Casino.

• Splash Zone Waterpark with 4 water slides, 2 toddler slides, dumping bucket, water cannons
• Four separate swimming areas
• Pool water slides
• Four spas
• Two saunas
• Playground and Gated children's area's
• 15-hole putt-putt golf course
• Arcade games room with coin-operated video and table games
• Floodlit tennis court
• Fitness room with the latest equipment
• 22-seat cinema with 4 showtimes daily
• Eight BBQ entertainment area's
• The Deck Restaurant & Bar
• Tour Desk for bookings, tickets and transfers to Gold Coast attractions and airport.

• PROPERTY FINANCIALS HOLIDAY LETTING
• TOTAL - $67,000 P.A approx*

• Permanent Rental Appraisal: $750-800 PW

*The above figures are based on information contained within the AirBnB ledger provided to us. The holiday bookings summary should be read in conjunction with the respective executed AirBnB documents and not relied upon in isolation. A copy of the holiday letting ledger can be provided upon request of the marketing agent.

Seize this incredible investment opportunity in the heart of Mermaid Beach. Contact us today to schedule a viewing!

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Property History for 242/2360 Gold Coast Hwy, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
12 Aug 2024
  • 27 Jul 2024
    Sold for $630,000
  • 03 Jun 2024
    Listed for Sale $650,000+
  • 08 Jul 2021
    Sold for $385,000
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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 5,595 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 40 properties listed for sale, and 33 properties listed for rent in Mermaid beach on OnTheHouse. According to CoreLogic's data, 268 properties were sold in the past 12 months in Mermaid beach.

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Sean Taylor
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Dylan Taylor
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Ray White Burleigh Group
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