46 Markeri Street, Mermaid Waters, QLD 4218 | House for sale | OnTheHouse
 
FOR SALE
Auction On Site, Friday 16 October at 12:30pm

46 Markeri Street
Mermaid Waters QLD 4218

Bedrooms: 5
Bathrooms: 5
Car spaces: 4
Floor area: 528m2
Land area: 1148m2
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Auction Time
Fri 16 Oct 12:30 pm
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Auction On Site, Friday 16 October at 12:30pm

Rare Dual-Living Waterfront Opportunity with Extraordinary Potential
Rich with extraordinary personality, versatility and possibility, this waterfront offering is in a league of its own. Sprawling across a supersized 1148m² allotment with skyline and hinterland views, it presides over a staggering 62m of water frontage while sitting just 600m (approx.) from the beach. Held by the same family for over 30 years, it presents a rare and potentially lucrative opportunity. Not only can you benefit from a dual-occupancy residence already in place but also capitalise on an exceptional landholding and rebuild a new residence that maximises its remarkable proportions, outlook and location.
A distinctive haven with its high-pitched gable roofline, the charming interiors reveal exposed-beam ceilings and oversized porthole windows that frame skyline and hinterland vistas. Both the fully self-contained residences enjoy private access, making this ideal for multi-generational families or as an income-producing asset to offset your mortgage. The first home is a delightful two-bedroom, three-bathroom configuration with a large loft/potential bedroom and sunken lounge. The second dwelling is a stylish three-bedroom, two-bathroom residence featuring a sunlit master suite, modern kitchen and spacious living and dining zones.
Outside, the sheer waterfront scale is breathtaking. A vast wraparound alfresco terrace – also perfect for entertaining – offers an enticing place to savour idyllic panoramas that sweep down the canal. Alternatively, soak them up from the sunny pool and cabana that rests in a prime waterfront position or as you enjoy the expansive palm-tree-lined lawns. A boat ramp with electric winch makes embracing life on the water effortless, complemented by an externally accessed gym/multipurpose room and secure off-street parking for up to seven vehicles.
The Highlights:
- Unique, endearing and character-rich dual-occupancy residence overlooking staggering 62m water frontage, and with skyline and hinterland vistas
- Vast 1148m2 block approx. 600m from the beach and close to cafes, shops and more
- Exceptional potential to renovate or rebuild, maximising the large landholding, outlook and location
- Distinctive exterior enhanced by a high-pitched gable roofline, diagonal cladding
- Interiors exude warmth and charm, offset by oversized porthole windows and raked, exposed beam ceilings
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Property Details for 46 Markeri St, Mermaid Waters

46 Markeri St, Mermaid Waters is a 5 bedroom, 5 bathroom House with 4 parking spaces. The property has a land size of 1148m2 and floor size of 528m2. The place is currently for sale with Kollosche.

Building Type
House
Floor Size
528m2
Land Size
1148m2
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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 6,229 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 69 properties listed for sale, and 18 properties listed for rent in Mermaid waters on OnTheHouse. According to Cotality's data, 264 properties were sold in the past 12 months in Mermaid waters.

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Marco De Vincentiis
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Gypsea Youngsmith
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Kollosche
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