1/31-33 Peerless Avenue, Mermaid Beach, QLD 4218 | Property Value & History | OnTheHouse
OFF MARKET

1/31-33 Peerless Avenue
Mermaid Beach QLD 4218

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 210m2
Land area: 306m2
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Property Details for 1/31-33 Peerless Ave, Mermaid Beach

1/31-33 Peerless Ave, Mermaid Beach is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1995. The property has a land size of 306m2 and floor size of 210m2. While the property is not currently for sale or for rent, it was last sold in February 2024.

Building Type
Unit
Year Built
1995
Floor Size
210m2
Land Size
306m2
Local Government
Gold Coast City
Lot/Plan
1/BUP102821

Last Listing description (September 2025)

Embrace a lifestyle of luxury in this renovated three-bedroom, two-bathroom, two car apartment, perfectly situated in the heart of Mermaid Beach. This residence offers a unique opportunity to become one of the privileged six owners of an expansive 810m2 double block located within the unlimited height zoning (High density zoning) area in Mermaid Beach! Given that the zoning boundary end at Peerless Avenue, this presents an exceptional long-term investment opportunity for anyone aiming to capitalise on arguably the best location on the Gold Coast all while enjoying the lifestyle Mermaid Beach has to offer.

Property Features:
*Spacious three-bedroom, two-bathroom

*Large outdoor terrace for year-round entertaining
*Air-conditioned open-plan living/dining area seamlessly integrates with the expansive wrap-around balcony
*Contemporary modern kitchen with modern finishes
*Generously sized second bedroom with built-in robes
*Large main bathroom with plenty of space
*Secure side-by-side basement parking
*Low body Corporate and an outdoor pool

Location Highlights:
Nestled just moments from the golden sands of Mermaid Beach and the vibrant energy of Broadbeach, this residence presents a golden opportunity for owner-occupiers and astute investors alike. Boasting walking proximity to Pacific Fair Shopping Centre, public transport, and the trendy entertainment precincts of Mermaid Beach, Nobby Beach, and Broadbeach, every convenience is at your doorstep.

Investment Potential:
This property stands as one of only six apartments on the expansive 810m2 double block, showcasing unlimited future potential in the sought-after high-density residential zone. With low body corporate fees and a well-maintained boutique block, this apartment promises a lifestyle of sophistication and ease.

Golden Opportunity Awaits:
The owner is open to considering offers in writing prior to the auction, providing an exclusive chance to secure this Mermaid Beach gem. Whether you're seeking a beach side residence, investment property, or holiday retreat, act now and arrange your private inspection today.

Inspection is a Must:
Don't miss this golden opportunity - secure your piece of Mermaid Beach luxury today! Contact us to arrange your private inspection.

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

Property History for 1/31-33 Peerless Ave, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$1,390,000
02 Feb 2024
Listed for Rent
$1.00k/w
30 May 2024
  • 13 May 2024
    Listed for Rent - Price not available
  • 02 Feb 2024
    Sold for $1,390,000
  • 05 Jan 2024
    Listed for Sale Auction
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About Mermaid Beach 4218

The size of Mermaid Beach is approximately 1.5 square kilometres. It has 5 parks covering nearly 2.0% of total area. The population of Mermaid Beach in 2016 was 6533 people. By 2021 the population was 7329 showing a population growth of 12.2% in the area during that time. The predominant age group in Mermaid Beach is 20-29 years. Households in Mermaid Beach are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mermaid Beach work in a professional occupation.In 2021, 50.80% of the homes in Mermaid Beach were owner-occupied compared with 43.50% in 2016.

Mermaid Beach has 5,674 properties. Over the last 5 years, Houses in Mermaid Beach have seen a 92.60% increase in median value, while Units have seen a 111.40% increase. As at 30 November 2025:

  • The median value for Houses in Mermaid Beach is $2,724,302 while the median value for Units is $1,094,696.
  • Houses have a median rent of $875 while Units have a median rent of $800.
There are currently 29 properties listed for sale, and 26 properties listed for rent in Mermaid beach on OnTheHouse. According to Cotality's data, 328 properties were sold in the past 12 months in Mermaid beach.

Suburb Insights for Mermaid Beach 4218

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.