SOLD
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Sold on 22 Aug 2024 for $638,000

317/2342 Gold Coast Highway
Mermaid Beach QLD 4218

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 84m2
Land area: 113m2
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Property Details for 317/2342 Gold Coast Hwy, Mermaid Beach

317/2342 Gold Coast Hwy, Mermaid Beach is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2001. The property has a land size of 113m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Unit sold in Mermaid Beach in the last 12 months.

Building Type
Unit
Year Built
2001
Floor Size
84m2
Land Size
113m2
Local Government
Gold Coast City

Last Listing description (August 2024)

Top floor fully furnished apartment 300m from the beach. Perfectly located overlooking the splash zone water park, this property is positioned right next to all the facilitates the award winning Turtle Beach Resort has to offer. This fully furnished 2 Bedroom apartment is located on the top floor and is only 300m from the beautiful golden beaches. The property offers various options for the owner whether you want to owner occupy, long term rent or have a steady income from a holiday rental where you can enjoy your holidays on the beautiful Gold Coast. Currently being run as an Air Bnb, there are future bookings already in place which can kickstart your earnings.

Features include:
* 2 bedrooms

* 2 bathrooms including ensuite
* Combined dining/living
* Generous size kitchen
* Front and rear balcony
* Reserved basement carpark
* Fully furnished

Facilities include:
* 4 Resort pools and spas including a separate Adult Retreat
* Splash zone waterpark with slides, water cannons and splash bucket
* Poolside restaurant and bar
* Tennis court
* 15 hole mini golf course
* 7 BBQ areas
* Kids club
* Games room
* 22 seat cinema
* Gym
* Sauna
* Basement car parking
* Gated complex with onsite security
* Rates approx. $880 1/2 year
* Water approx. $400 per quarter
* Body Corp approx. $133 per week

Walk to the beach, local shops, cafes and dining and only a short trip to Pacific Fair shopping destination, Star Casino and entertainment complex, The Convention Centre, Broadbeach and Nobby Beach social hubs.

Mermaid Beach is a highly sought after beachside destination with significant infrastructure being added in the coming years. Stage 3 of the Light rail will path past Turtle Beach Resort with a stop directly out the front connecting you with Gold Coast theme parks all the way to the Gold Coast Airport. The new Woolworths shopping complex has recently opened 200m of the complex. This added infrastructure is guaranteed to add future capital revenue so ensure you make this a high priority to inspect.

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.
* denotes approximate measurements.

Property History for 317/2342 Gold Coast Hwy, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$638,000
22 Aug 2024
  • 22 Aug 2024
    Sold for $638,000
  • 25 Jun 2024
    Listed for Sale UNDER CONTRACT
  • 25 May 2022
    Listed for Sale $550,000
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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 5,622 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.

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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.