SOLD
Sold on 17 May 2024 for $525,000

38/2342-2358 Gold Coast Highway
Mermaid Beach QLD 4218

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 54m2
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Property Details for 38/2342-2358 Gold Coast Hwy, Mermaid Beach

38/2342-2358 Gold Coast Hwy, Mermaid Beach is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2001. The property has a floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 1 bedroom Unit sold in Mermaid Beach in the last 12 months.

Building Type
Unit
Year Built
2001
Floor Size
54m2
Local Government
Gold Coast City
Lot/Plan
38/SP133857

Last Listing description (June 2024)

Set back away in quiet corner with lush tropical gardens you will love the large outdoor covered balcony giving a lovely, private outdoor area. Proudly presented my Fair Commission Property Sales. We ONLY Charge 1% Commission To Sell Your Property. Sell Smart, Save Thousands, It's Your Future!
The unit has a near new split system air condition and security screens fitted for peace of mind. Newly laid floating timber look flooring in main living area gives a light and bright outlook. Offering secure allocated, numbered car parking which is super close to unit making it handy when you have been out shopping.
Main key features of the property are:-

* Split system air conditioning
* Security Screens
* Large outdoor covered out door entertainment area
* Ideal ground floor unit set away in privacy
* Allocated underground secure carparking
* Walk 400m to Mermaid Beach
* Separate European laundry cupboard
* New upgraded floating timber look flooring
* Ceiling fans throughout

Only a 400m walk to the beautiful beach, catch a bus to Broadbeach, Pacific Fair Shopping Centre or head into Surfers Paradise. The light rail has commenced and is due for completion in 2025, this property will only increase in value. Currently returning $575 per week with top tenant willing to stay on longer lease. Current market value for units like this are approx. $620-$630 per week given its popular location.

It's a great property to retire into having all the resort facilities or suit professions couple wanting to be close to everything. Or set and forget by adding it to your property portfolio. You have a choice of AirBnB, Long fixed Lease or on site resort holiday letting are all viable options of this property.

Resort facilities are as follows:-
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
* 22 seat cinema
* Gym, games room, sauna
* Gated complex with onsite security

* $1200 Rates approx. 6 months
* $135 Body Corp p/w approx
* $400 Water rates 3 months approx

PLease note the property is currently tenanted and 24 hours notice is required.
FAIR COMMISSION PROPERTY SALES
Sell Smart, Save Thousands, It's Your Future!

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Property History for 38/2342-2358 Gold Coast Hwy, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$525,000
17 May 2024
Listed for Rent
$290/w
19 Mar 2013
  • 17 May 2024
    Sold for $525,000
  • 10 May 2024
    Listed for Sale Offers Over $499,000
  • 03 Sep 2019
    Sold for $217,000
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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 5,627 properties.

    There are currently 37 properties listed for sale, and 30 properties listed for rent in Mermaid beach on OnTheHouse. According to CoreLogic's data, 288 properties were sold in the past 12 months in Mermaid beach.

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