2595 Gold Coast HighwayMermaid Beach QLD 4218
Property Details for 2595 Gold Coast Hwy, Mermaid Beach
Last Listing description (July 2024)
This 1,593-square-metre parcel of land is currently home to the 17-room Tropicana Motel, generating a holding income while awaiting its exciting transformation. Nestled in Mermaid Beach, only metres from the beach and close to a selection of the Gold Coast's finest entertainment venues and dining establishments.
This property previously held approval for an impressive development featuring 245 bedrooms across 24 serviced apartments, 92 permanent dwellings, and a 96-square-meter ground floor cafe. Although the previous approval lapsed in October 2019, it serves to outline the site's potential.
Within close proximity you'll find major lifestyle and transportation hubs, including The Star Casino, Pacific Fair Shopping Centre, Oasis Shopping Centre, Gold Coast Convention Centre, and Broadbeach South G-Link Station. Moreover, the vibrant Mermaid Beach neighbourhood boasts a variety of cafes, restaurants, and bars, all conveniently located within a five-minute drive.
Mermaid Beach is renowned as the Gold Coast's most sought-after suburb. With the ongoing influx of interstate and international migration to the Gold Coast, opportunities to develop and reside in such exclusive beachside communities are becoming increasingly rare.
3 Mermaid Avenue & 2595 Gold Coast Highway offers a blank canvas for a range of residential and commercial development possibilities in the Gold Coast's most desirable locale. Don't miss your chance to be a part of this exceptional opportunity.
The property is available for sale through Expressions of Interest.
Property History for 2595 Gold Coast Hwy, Mermaid Beach, QLD 4218
- 06 Feb 2024Sold for $12,100,000
- 16 Nov 2023Listed for Sale Contact Agent
- 24 Jan 2023Listed for Sale $10,000,000
Commute Calculator
Recent sales nearby
See more recent sales nearby/assets/perm/tlh4lpdib4i65j4rr6nro3fwze?signature=ac4f853738349a2c2c6bf5bcb5e21caa673a8f598f3bbea020c62af056f68bf2){kind=logo}
0
0
/assets/perm/w6rbehmc7ui6ve3jru2wrxl2si?signature=6b586bd35d4f4a222a79939411a2d6adf97fab3e9f1dd020becc97462476f8f9){kind=logo}
0Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0
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.
Suburb Insights for Mermaid Beach 4218
Market Insights
Mermaid Beach Trends for Houses
N/A
N/A
View TrendN/A
N/A
Mermaid Beach Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
