4 Magnetic Street, Mermaid Waters, QLD 4218 | House for sale | OnTheHouse
 
FOR SALE
Offers over $1,739,000

4 Magnetic Street
Mermaid Waters QLD 4218

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 737m2
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Blank Canvas - Rare Renovation Opportunity Backing Waterfront Parkland

Opportunities like this are becoming increasingly difficult to find in Mermaid Waters. Offered for the first time in 41 years and set on a substantial 737m² north-east facing block in a quiet, tightly held pocket, this solid brick and tile property offers an exciting opportunity for buyers looking to renovate, improve and add significant value over time.
The home is presented in largely original condition and has been well loved and carefully maintained over the years. While it is perfectly liveable as is, the real opportunity lies in transforming the existing residence into something truly special. Whether you're planning a considered renovation, modernising the interiors or planning a complete overhaul and taking advantage of the generous land to enhance the outdoor spaces, there is plenty of scope here.
The existing floorplan provides three good-sized bedrooms all with built in robes, and two bathrooms, with the master bedroom featuring its own ensuite. The functional kitchen with original timber cupboards offers plenty of storage space. There is also a separate toilet, dedicated dining room and separate laundry, giving you a solid foundation to work from. Carpet and ceiling fans feature throughout, along with split-system air conditioning for year-round comfort.
Take advantage of the good-sized double garage, while pedestrian side access provides added convenience and flexibility for accessing the backyard.
At the rear, the property really comes into its own, with an enormous undercover entertaining area overlooking a large, flat grassed yard. There is a garden shed already in place, while the generous dimensions of the block provide plenty of room to create landscaped gardens, additional outdoor living spaces or potentially introduce a swimming pool, subject to the relevant approvals.
Beyond the backyard is one of the property's biggest advantages - Morialta Park, a large waterfront parkland, with direct pedestrian gate access from the property. It's an exceptional lifestyle benefit, particularly for families, those with dogs or anyone who enjoys having expansive open space right on their doorstep.
And then there's the location. Tucked away on a quiet road accessed only by local traffic, this is a private and peaceful pocket of Mermaid Waters while remaining incredibly convenient. The Q Supercentre is within 1 kilometre, providing easy access to shops, dining, services and everyday essentials, while Mermaid Beach is just 3km away and Merrimac State High School is also close by.
For buyers who can recognise the potential underneath, this is a property worth serious consideration. A solid brick and tile home, substantial 737m² landholding, double lock-up garage, pedestrian side access and waterfront parkland at the rear combine to create an outstanding opportunity to renovate, add value and secure a sizeable piece of Mermaid Waters in a fantastic Gold Coast location.
Property Features
• 737m² landholding offered for first time in 41 years
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Property Details for 4 Magnetic St, Mermaid Waters

4 Magnetic St, Mermaid Waters is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 737m2. The place is currently for sale with COASTAL °.

Building Type
House
Land Size
737m2
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About Mermaid Waters 4218

The size of Mermaid Waters is approximately 7.1 square kilometres. There are 23 parks, covering nearly 7.3% of the total area. The population of Mermaid Waters in 2016 was 12045 people. By 2021 the population was 13088 showing a population growth of 8.7% in the area during that time. The predominant age group in Mermaid Waters is 30-39 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 2021, 68.60% of the homes in Mermaid Waters were owner-occupied compared with 66.10% in 2016.

Mermaid Waters has 6,223 properties. Over the last 5 years, Houses in Mermaid Waters have seen a 51.01% increase in median value, while Units have seen a 75.05% increase. As at 31 August 2026:

  • The median value for Houses in Mermaid Waters is $2,149,184 while the median value for Units is $980,438.
  • Houses have a median rent of $1,400 while Units have a median rent of $850.
There are currently 62 properties listed for sale, and 16 properties listed for rent in Mermaid waters on OnTheHouse. According to Cotality's data, 271 properties were sold in the past 12 months in Mermaid waters.

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Guy Powell
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