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Sold on 01 Nov 2024 for $970,000

5/5-7 Lavarack Road
Mermaid Beach QLD 4218

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 79m2
Land area: 290m2
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Property Details for 5/5-7 Lavarack Rd, Mermaid Beach

5/5-7 Lavarack Rd, Mermaid Beach is a 2 bedroom, 1 bathroom Unit and was built in 1982. The property has a land size of 290m2 and floor size of 79m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 2 bedroom Unit sold in Mermaid Beach in the last 12 months.

Building Type
Unit
Year Built
1982
Floor Size
79m2
Land Size
290m2
Local Government
Gold Coast City
Lot/Plan
5/BUP5322

Last Listing description (December 2024)

Experience the ultimate beachside lifestyle in this beautiful unit, perfectly positioned just a short stroll from the golden sands of Mermaid Beach. Set in an amazing location, this property offers the convenience of walking distance to one of the Gold Coasts most desired beaches, Nobby Beach shops and the vibrant Oxley precinct, where you'll find an array of cafes, restaurants, and boutiques. Enjoy the best of coastal living with everything you need right at your doorstep.

- 2 spacious bedrooms, both with built-in wardrobes.
- 1 modern bathroom plus an additional powder room.

- Bright, open-plan living and dining area.
- Large sun-drenched balcony.
- Well-appointed kitchen with quality finishes and stunning ocean views.
- Fully equipped air conditioning and ceiling fans throughout.
- Secure parking for 1 car.
- Light-filled interiors with a seamless indoor-outdoor flow.
- Small boutique building of 8 on a 809sqm double beachside block, ensuring privacy and exclusivity.
- Close to public transport and future light rail stage 3A development, schools, and local amenities.

This unit offers a rare opportunity to own a piece of paradise in one of the Gold Coast's most sought-after locations.

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Property History for 5/5-7 Lavarack Rd, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$970,000
01 Nov 2024
Listed for Rent
$340/w
06 Sep 2009
  • 01 Nov 2024
    Sold for $970,000
  • 15 Oct 2024
    Listed for Sale $970,000
  • 29 May 2018
    Sold for $460,000
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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 5,631 properties. Over the last 5 years, Houses in Mermaid Beach have seen a 28.19% increase in median value, while Units have seen a 106.31% increase. As at 30 November 2024:

  • The median value for Houses in Mermaid Beach is $1,796,952 while the median value for Units is $967,390.
  • Houses have a median rent of $850 while Units have a median rent of $770.
There are currently 42 properties listed for sale, and 17 properties listed for rent in Mermaid beach on OnTheHouse. According to CoreLogic's data, 274 properties were sold in the past 12 months in Mermaid beach.

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