2/116 Petrel Avenue, Mermaid Beach, QLD 4218 | Property Value & History | OnTheHouse
FOR SALE

2/116 Petrel Avenue
Mermaid Beach QLD 4218

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 80m2
Land area: 265m2
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Property Details for 2/116 Petrel Ave, Mermaid Beach

2/116 Petrel Ave, Mermaid Beach is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1978. The property has a land size of 265m2 and floor size of 80m2.This Property is currently listed for sale with COASTAL °

Building Type
Unit
Year Built
1978
Floor Size
80m2
Land Size
265m2
Local Government
Gold Coast City
Lot/Plan
2/BUP2847

Last Listing description (February 2026)

Located mere footsteps from the Golden Sands of Mermaid Beach, this beautiful two-bedroom, one-bathroom ground floor apartment captures an abundance of natural light and cool calming sea breezes all year round. Perfectly positioned within a boutique building of only 9 apartments on an 809sqm beachside block, this beach home is within easy walking distance to everything that this lifestyle location has to offer.The functional floor plan is designed with relaxed easy living in mind. Sundrenched open plan living and dining spaces are serviced by split system air conditioning and flow seamlessly to the North-East facing balcony, offering the perfect space to relax and unwind or entertain friends and family in style. A modern kitchen forms the heart of the home with plenty of bench space, quality appliances, island bench, breakfast seating and an abundance of storage.Two generously sized bedrooms both with ceiling fans and built-in robes. Renovated combined family bathroom and laundry with large walk-in shower, floor to ceiling tiles and separate toilet. Single allocated carparking space in secure basement with electric roller door.Situated in the Gold Coast's most exclusive beachside pocket, promoting a relaxed carefree lifestyle in a location to love among popular cafes, parklands, restaurants and bars, patrolled surfing beaches, The Oxley, Nobby's Precinct, public transport, local schools, retail shops, sporting facilities, and the soon to be operating light rail stage 3A development all only footsteps from your door.Property Features: 2-bedroom, 1-bathroom ground floor beach apartment 200m flat walk to the sand and surf Positioned within a boutique building of only 9 apartments on a double beachside block (809sqm) Sundrenched open plan living and dining spaces North-East facing entertaining area which captures beautiful sea breezes Modern kitchen with electric appliances, island bench, breakfast seating, plenty of bench space and an abundance of storage Two generously sized bedrooms both with ceiling fans and built-in robes Renovated bathroom with walk-in shower, floor to ceiling tiles and separate toilet Allocated carparking space in secure basement with electric roller door Split system air-conditioning Walking distance to world class beaches, restaurants, cafes, bars, public transport, shops and schoolsProperty Specifics: Council Rates: $2,046.86* per half half year (investment rate) Water Rates: $344.90* per quarter Body Corporate Rates: $62* per week (10% incentive discount applied for early payment) Rental Appraisal: Estimated rental income of $800-$850* per week (currently leased for $800 per week until 4th June 2026)*Approx.Disclaimer: 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.

Property History for 2/116 Petrel Ave, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$450,000
17 Sep 2019
Listed for Rent
$800/w
16 Apr 2025
  • 03 Feb 2026
    Listed for Sale Offers Over $919,000
  • 16 Apr 2025
    Listed for Rent $800 / week
  • 08 Apr 2024
    Listed for Rent $800 / week
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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 5,843 properties. Over the last 5 years, Houses in Mermaid Beach have seen a 70.23% increase in median value, while Units have seen a 100.06% increase. As at 31 January 2026:

  • The median value for Houses in Mermaid Beach is $2,589,068 while the median value for Units is $1,097,445.
  • Houses have a median rent of $875 while Units have a median rent of $820.
There are currently 51 properties listed for sale, and 23 properties listed for rent in Mermaid beach on OnTheHouse. According to Cotality's data, 314 properties were sold in the past 12 months in Mermaid beach.

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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.