1/85 Petrel Avenue, Mermaid Beach, QLD 4218 | Property Value & History | OnTheHouse
OFF MARKET

1/85 Petrel Avenue
Mermaid Beach QLD 4218

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 70m2
Land area: 126m2
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Property Details for 1/85 Petrel Ave, Mermaid Beach

1/85 Petrel Ave, Mermaid Beach is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1994. The property has a land size of 126m2 and floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in November 2024.

Building Type
Unit
Year Built
1994
Floor Size
70m2
Land Size
126m2
Local Government
Gold Coast City
Lot/Plan
1/BUP100740

Last Listing description (December 2024)

Perfectly positioned minutes from family-friendly Nobby Beach and located just a short stroll from popular cafes, restaurants, bars, entertainment venues and the local surf club, this elevated, ground-floor, two-bedroom, two-bathroom apartment invites buyers seeking a well-considered, beautifully presented property in the heart of Mermaid Beach.

Impressively renovated with timber floors in the combined kitchen, living, dining, and both bedrooms, large-format tiles in the bathrooms, laundry, and balconies, light-reflecting neutral colours throughout paired with selective timber cabinetry, cleverly designed storage solutions, and large sliding barn doors in the laundry and ensuite, this home presents a perfect move-in-ready option for discerning buyers.

With two generous entertaining balconies, one off the living room at the front of the property and the second at the rear, this apartment supports the best of coastal living, offering two beautiful spaces to enjoy relaxed, al fresco-style dining with friends, with one being covered and the other partially covered and shaded by nearby mature trees.

Situated just minutes from the Gold Coast's stunning coastline, this well-positioned property supports an active, comfortable lifestyle. Whether it be an early morning surf or an afternoon yoga class, Mermaid Beach residents are spoiled for choice. You could also choose to stay in and enjoy an afternoon relaxing by the shared pool, reading a book or catching up with friends.

With Mermaid Beach Bowls Club just a short stroll away, you might prefer to get out and about, taking in an outdoor game, followed by dinner at the fabulous MexiCali Bar or breakfast at The Oxford in Nobby Beach.

A property of this nature will not be on the market long. Contact us today to secure this exceptionally presented and well-maintained apartment, in the ever-popular coastal suburb of Mermaid Beach.

Features include:

Two bedrooms
Two bathrooms (master with ensuite)
Split system air conditioning and fans throughout
Secure basement single-car space with overhead storage
Two generous balconies, one covered, the other partially covered
In a complex of 12 apartments
Pool and outdoor entertaining area in complex
Currently tenanted until January 2025, at $800 per week
Low body corporate

230m to local bus stop, with routes both north and south
300m to Nobby Beach
550m to The Oxley 1823 Atrium
550m to MexiCali Bar Y Taqueria
650m to Nobby's Beach Surf Club
700m to BSKT caf
900m to Woolworths, Mermaid Plaza
2km to Pizzey Park Sporting Fields and Miami Olympic Pool
4.6km to Bond University
3.5km to Pacific Fair Shopping Centre
15.4km to Gold Coast Airport

Property History for 1/85 Petrel Ave, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$975,000
07 Nov 2024
Listed for Rent
$770/w
09 Jun 2023
  • 07 Nov 2024
    Sold for $975,000
  • 27 Oct 2024
    Listed for Sale UNDER CONTRACT
  • 02 Jun 2023
    Listed for Rent $770 / week
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About Mermaid Beach 4218

The size of Mermaid Beach is approximately 1.5 square kilometres. There are 5 parks, covering nearly 2.0% of the 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 5,881 properties. Over the last 5 years, Houses in Mermaid Beach have seen a 53.89% increase in median value, while Units have seen a 79.61% increase. As at 30 June 2026:

  • The median value for Houses in Mermaid Beach is $3,031,364 while the median value for Units is $1,139,868.
  • Houses have a median rent of $1,400 while Units have a median rent of $830.
There are currently 64 properties listed for sale, and 32 properties listed for rent in Mermaid beach on OnTheHouse. According to Cotality's data, 336 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.