19/21-23 Peerless Avenue, Mermaid Beach, QLD 4218 | Property Value & History | OnTheHouse
OFF MARKET

19/21-23 Peerless Avenue
Mermaid Beach QLD 4218

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 64m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 17 Aug 2026
Low

High
Save

Property Details for 19/21-23 Peerless Ave, Mermaid Beach

19/21-23 Peerless Ave, Mermaid Beach is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1999. The property has a floor size of 64m2.

Building Type
Unit
Year Built
1999
Floor Size
64m2
Local Government
Gold Coast City

Last Listing description (March 2021)

Perfectly positioned just metres to the surf and sand of Mermaid Beach and adjoining the multi-million dollar homes of the exclusive Hedges Avenue is this affordable, entry level opportunity to enter into the sought-after beachside property market!

This fabulous unit with its modern renovation and quality position is sure to appeal to the owner occupier looking to enjoy an easy low maintenance lifestyle within walking distance to everything, or the astute investor in search of the perfect beachside addition to their property portfolio!


Set on the top floor of "Montego Sands" this 1 bedroom unit offers bright and airy interiors with modern finishes throughout. The spacious, light filled living space is air conditioned for all year-round comfort and flows out onto a sunny North facing balcony, perfect for lazing back and enjoying the cool coastal breezes.

You'll live everyday like a holiday as the fortunate new owner of this fantastic unit. The beach is conveniently located at the end of the street, but if the surf is rough, there's a heated swimming pool and spa with BBQ area on site to enjoy! Residents of "Montego Sands" also enjoy the peace of mind of intercom security access and secure basement parking.

Relish in the lifestyle this sought-after location has to offer! Your new daily routine will include a morning surf or leisurely strolls on the beach and dining at the endless array of nearby restaurants, cafes and bars. Also offering close proximity to the world class shopping at Pacific Fair, the excitement of Star Casino and the convenience of the Light Rail Station all just an easy walk from home.

Features:
- Modern 1 bedroom, 1 bathroom unit
- Sunny North-East facing balcony with ocean glimpses
- Air-conditioned living room
- Intercom security
- Fully Furnished
- Single basement car parking
- Well maintained complex with on site pool, spa & BBQ area
- Sought after address adjoining Hedges Avenue and with the beach at the end of the street
- Easy walk to world class shopping at Pacific Fair and light rail station
- Close to Star Casino, Gold Coast Convention Centre and the cafes and restaurants of Broadbeach

Council rates: $2,000 per annum (approx.)
Water rates: $1,500 per annum (approx.)
Body Corporate: $113 per week (approx.)
Rental income: Currently tenanted at $390 per week until May 2021

Contact Luke Henderson or Matt Maguire today for further information or to arrange your inspection!

Potential buyers should make their own inspections and enquiries and seek their own independent legal advice before signing a contract of sale, to satisfy themselves that all details relating to the property are correct.

Property History for 19/21-23 Peerless Ave, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
  • 16 Feb 2021
    Listed for Sale Offers Over $350,000
  • 12 Dec 2018
    Listed for Sale Offers over $330,000
Commute Calculator

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 5,867 properties. Over the last 5 years, Houses in Mermaid Beach have seen a 40.80% increase in median value, while Units have seen a 72.73% increase. As at 31 July 2026:

  • The median value for Houses in Mermaid Beach is $2,903,254 while the median value for Units is $1,117,658.
  • Houses have a median rent of $1,400 while Units have a median rent of $850.
There are currently 73 properties listed for sale, and 34 properties listed for rent in Mermaid beach on OnTheHouse. According to Cotality's data, 313 properties were sold in the past 12 months in Mermaid beach.

Suburb Insights for Mermaid Beach 4218

Market Insights
Mermaid Beach Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Mermaid Beach Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.