SOLD
Sold on 14 Jun 2024 for $3,900,000

5/18 Duet Drive
Mermaid Waters QLD 4218

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 69m2
Land area: 228m2
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Property Details for 5/18 Duet Dr, Mermaid Waters

5/18 Duet Dr, Mermaid Waters is a 2 bedroom, 1 bathroom Unit and was built in 1982. The property has a land size of 228m2 and floor size of 69m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom Unit sold in Mermaid Waters in the last 12 months.

Building Type
Unit
Year Built
1982
Floor Size
69m2
Land Size
228m2
Local Government
Gold Coast City
Lot/Plan
5/BUP4217

Last Listing description (November 2024)

Discover your new home in this bright and spacious 2 bedroom, 1bathroom unit ideally located in Mermaid Waters.

Situated within a quiet and well-maintained complex, this property offers both comfort and convenience, perfect for those looking to enjoy the Gold Coast lifestyle.

Property Features:

- Two Generous Bedrooms: Both bedrooms come with built-in wardrobes and
plenty of natural light.
- Open Plan Living Area: Spacious and airy, the living area flows seamlessly to a
private balcony where you can relax and enjoy the coastal breezes.
- Well-Equipped Kitchen: With ample storage, modern appliances, and a f
functional layout for easy meal prep.
- Bathroom with Separate Toilet: Includes a shower and bath, perfect for a
relaxing soak after a day at the beach.
- Laundry Facilities: Internal laundry for added convenience.
- One Secure Garage Space: Secure single lock-up garage included.
Complex Amenities:
- Resort-Style Pool

Property History for 5/18 Duet Dr, Mermaid Waters, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$3,900,000
14 Jun 2024
Listed for Rent
$355/w
02 Nov 2020
  • 04 Nov 2024
    Listed for Rent $620 / week
  • 14 Jun 2024
    Sold for $3,900,000
  • 23 Oct 2020
    Listed for Rent - Price not available
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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 6,179 properties. Over the last 5 years, Houses in Mermaid Waters have seen a 103.10% increase in median value, while Units have seen a 102.32% increase. As at 31 October 2024:

  • The median value for Houses in Mermaid Waters is $1,874,168 while the median value for Units is $814,080.
  • Houses have a median rent of $1,150 while Units have a median rent of $730.
There are currently 42 properties listed for sale, and 13 properties listed for rent in Mermaid waters on OnTheHouse. According to CoreLogic's data, 343 properties were sold in the past 12 months in Mermaid waters.

Suburb Insights for Mermaid Waters 4218

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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.