SOLD
Sold on 15 Dec 2023 for $1,430,000

127 Barrier Reef Drive
Mermaid Waters QLD 4218

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 203m2
Land area: 771m2
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Property Details for 127 Barrier Reef Dr, Mermaid Waters

127 Barrier Reef Dr, Mermaid Waters is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1986. The property has a land size of 771m2 and floor size of 203m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 4 bedroom House sold in Mermaid Waters in the last 12 months.

Building Type
House
Year Built
1986
Floor Size
203m2
Land Size
771m2
Local Government
Gold Coast City
Lot/Plan
303/RP179641

Last Listing description (February 2024)

Welcome to 127 Barrier Reef Drive, Mermaid Waters. Situated on a large 771sqm block, this property presents a spectacular opportunity to purchase, with full Development Approval for two luxury free standing homes designed by award winning MiDesign Studios based in Burleigh Heads. It's your choice, build, occupy, rent or sell.

This is your chance to acquire a sophisticated home in the popular coastal suburb of Mermaid Waters. Occupying a prime position, neighboring beautiful leafy parkland that meanders alongside picturesque Lake Hugh Muntz and less than 10 minutes to Mermaid's patrolled beaches, this property invites savvy investors or motivated renovators in search of huge potential.

The original brick home built in the 1980's provides a fantastic blank canvas for a keen renovator. The solid brick, four bedroom, two bathroom home would make the perfect mid-century modern or Palm Springs revival, with open spaces, solid brick walls and an abundance of arches. All four bedrooms are generous, as are the entertaining areas.

With direct access to local transport, just minutes from local shopping centres, gyms, beaches, restaurants and cafes, this property supports an active, social lifestyle for those who want to indulge in what the Gold Coast has to offer! This conveniently located property offers a series of lakes and canals winding through the neighbourhood providing recreational activities such as swimming and kayaking.

Easy access to local shopping at Q Super Centre, Pacific Fair and Robina Town Centre complexes; education at Miami State School, Miami High School, Merrimac High School, All Saints Anglican School, Somerset College, Marymount College and Bond University. Sporting facilities at Pizzey Park including a skate park, swimming complex, Burleigh Bears Leagues Club, Burleigh Soccer Club, Little Athletics and a gymnastics club. All these facilities are within a few minutes' drive, or use the well-appointed bus routes. Mermaid Waters lets you enjoy all of the excitement the Gold Coast has to offer right at your fingertips!

Seeking the coastal lifestyle? Secure your piece of paradise today and call Joel Boniwell on 0424 436 181!

Location:
- 6m or 1 min walk to local bus stop
- 500m or 6-min walk to Q Super Centre shopping and dining precinct
- 1.8km or 4-min to Merrimac State High School
- 2.6km or 5-min drive to Surfers Paradise Golf Club
- 3.1km or 5-min drive to Pacific Fair Shopping Centre
- 3.1km or 8-min drive to Mermaid Beach surf beach

Property History for 127 Barrier Reef Dr, Mermaid Waters, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$1,430,000
15 Dec 2023
Listed for Rent
$850/w
19 Jul 2022
  • 15 Dec 2023
    Sold for $1,430,000
  • 29 Sep 2023
    Listed for Sale Offers Over $1,495,000
  • 07 Jul 2022
    Listed for Rent $850 / week
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About Mermaid Waters 4218

The size of Mermaid Waters is approximately 7.1 square kilometres. It has 23 parks covering nearly 7.3% of total area. The population of Mermaid Waters in 2011 was 11,789 people. By 2016 the population was 12,042 showing a population growth of 2.1% in the area during that time. The predominant age group in Mermaid Waters is 40-49 years. Households in Mermaid Waters are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mermaid Waters work in a professional occupation. In 2011, 64.9% of the homes in Mermaid Waters were owner-occupied compared with 66.1% in 2016.

Mermaid Waters has 6,191 properties. Over the last 5 years, Houses in Mermaid Waters have seen a 115.57% increase in median value, while Units have seen a 91.65% increase. As at 31 July 2024:

  • The median value for Houses in Mermaid Waters is $1,870,467 while the median value for Units is $762,224.
  • Houses have a median rent of $1,200 while Units have a median rent of $700.
There are currently 47 properties listed for sale, and 24 properties listed for rent in Mermaid waters on OnTheHouse. According to CoreLogic's data, 349 properties were sold in the past 12 months in Mermaid waters.

Suburb Insights for Mermaid Waters 4218

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Contact agent
Joel Boniwell
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Disclaimer
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.