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Sold on 24 Sep 2024 - Price Unavailable

38 Tamborine Street
Mermaid Beach QLD 4218

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 101m2
Land area: 405m2
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Property Details for 38 Tamborine St, Mermaid Beach

38 Tamborine St, Mermaid Beach is a 2 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 405m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom House sold in Mermaid Beach in the last 12 months.

Building Type
House
Floor Size
101m2
Land Size
405m2
Local Government
Gold Coast City
Lot/Plan
52/RP43312

Last Listing description (September 2024)

This is a rare opportunity to secure a lucrative beachside landholding in the highly sought-after Mermaid Beach, one of the few remaining opportunities in the area. On the market for the first time in 43 years, this charming beach cottage is just footsteps from the surf and sand, offering a truly enviable lifestyle.

Whether you choose to develop the land (STCA) or landbank for the future, the potential here is endless. The existing property is a 2 bedroom, 1 bathroom home holding a coveted spot that provides easy access to some of the Gold Coast's best patrolled beaches, Surf Clubs, retail and dining, including the new Oxley precinct. From early morning swims and your favourite local cafe to evening strolls to an array of dining options, there is so much to love within this beachside pocket.

The proximity to Nobby Beach's vibrant cuisine scene adds to the appeal, with Gold Coast International Airport less than 17km away and the upcoming light rail station ensuring travel is convenient. With all it has to offer, it's easy to see why this location is so sought after!

Property Specifications:
• Rare opportunity to secure a lucrative beachside landholding in Mermaid Beach, a highly sought-after beachside location with a desirable lifestyle
• One of the few remaining opportunities in the area, on the market for the first time in 43 years
• Charming beach cottage just footsteps from the surf and sand
• Endless potential to develop the land (STCA) or landbank for the future
• Existing 2 bedroom, 1 bathroom home
• Coveted location with easy access to Gold Coast's best patrolled beaches, Surf Clubs, retail, and dining
• Close proximity to the new Oxley precinct and Nobby Beach's vibrant cuisine scene
• Close proximity to public transport, including the upcoming Light Rail station
• Convenient travel with Gold Coast International Airport less than 17km away

Rental Appraisal: Approx. $750 - $800 p/week
Council Rates: Approx. $3,401.20 half yearly
Water Rates: Approx. $225 per quarter

Disclaimer: The above information is accurate to the best of our knowledge; however, we advise that all interested parties make their own enquiries as we will not be held responsible for any variation that may apply to this information. 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

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Property History for 38 Tamborine St, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
24 Sep 2024
  • 24 Sep 2024
    Sold for $2,650,000
  • 14 Aug 2024
    Listed for Sale Auction
  • 30 Dec 1980
    Sold for $71,000
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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 5,607 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 43 properties listed for sale, and 29 properties listed for rent in Mermaid beach on OnTheHouse. According to CoreLogic's data, 264 properties were sold in the past 12 months in Mermaid beach.

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