OFF MARKET

8/29 Duet Drive
Mermaid Waters QLD 4218

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 102m2
Land area: 653m2
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Property Details for 8/29 Duet Dr, Mermaid Waters

8/29 Duet Dr, Mermaid Waters is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1983. The property has a land size of 653m2 and floor size of 102m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
Unit
Year Built
1983
Floor Size
102m2
Land Size
653m2
Local Government
Gold Coast City
Lot/Plan
8/BUP5868

Last Listing description (April 2023)

Close to everything this lifestyle location has to offer, in an ideal waterfront position, this top floor unit enjoys uninterrupted, wide water views!

The two bedroom unit sits proudly on the banks of Lake Intrepid at the end of a quiet unit block with very reasonable body corporate fees. The expansive water and hinterland views must be seen to be believed! Situated in a walk up complex of only 14 units, this is a perfect opportunity to buy and personalise this piece of paradise to your satisfaction!

The kitchen has a good size breakfast bar with a separate dining/ office area with the lounge opening out to the alfresco entertaining area looking over the lake. Downstairs there is a single lock up garage, with everything so close you can leave the car at home all weekend if you wish! Only a short distance to public transport, Broadbeach, Pacific Fair and the beach, this is the perfect first home or investment with value add potential.

Two bedrooms with built in robe and ceiling fan
Single lock up garage downstairs
Open plan kitchen with electric cook top and oven, ample storage and water views
Bathroom with separate bath, vanity, shower and toilet
Balcony with wide water views of Lake Intrepid and beyond to the hinterland
Body Corporate approx. $40 per week

Mermaid Waters is known as a quiet, family residential area comprising a series of lakes and canals winding through the neighbourhood providing recreational activities such as swimming and kayaking. Affordable waterfront properties are few and far between in this location - do not delay your interest as this property will be sold!

Contact Andrew Murray from Ray White on 0411 087 778 for further information.

Please note the photographs contained herein use virtually staged furniture to ensure privacy of the tenants and are used for advertising purposes only.

In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

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.

Property History for 8/29 Duet Dr, Mermaid Waters, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$520,000
16 Mar 2023
  • 16 Mar 2023
    Sold for $520,000
  • 20 Feb 2023
    Listed for Sale Auction
  • 16 May 1988
    Sold for $100,000

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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 6,178 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.