28 Peerless AvenueMermaid Beach QLD 4218
Property Details for 28 Peerless Ave, Mermaid Beach
28 Peerless Ave, Mermaid Beach is a 14 bedroom, 7 bathroom Unit with 7 parking spaces and was built in 1965. The property has a land size of 809m2.
Last Listing description (December 2025)
Unmissable Beachside Opportunity
Whether you're seeking a long-term passive income stream, a value-add renovation project, or a luxury new development opportunity, this property delivers on all fronts.
A rare and exceptional opportunity to secure a north-facing, beachside property in one of the Gold Coast's most coveted and tightly held enclaves - Mermaid Beach.
Situated on the beachside of the Gold Coast Highway, this expansive 809sqm* double block offers an unparalleled combination of location, income, and long-term development potential. With an existing Development Approval (DA) in place for eight luxury apartments, the groundwork has already been laid for a premium residential project.
Currently comprising 7 x 2-bedroom townhouses, all on individual titles, the property provides immediate and consistent income, with all residences fully tenanted. This secure holding presents the ultimate set and forget investment, while offering scope to further add value through strategic renovations or future redevelopment.
Key features include:
809sqm* prime beachside land
7 x 2-bedroom townhouses (on separate titles)
All units generating solid holding income
To be sold in one line - Complete Package
Current DA for 8 luxury apartments
Outstanding potential to renovate, hold, or redevelop
Mermaid Beach is undergoing a significant transformation, with strong demand from downsizers, professionals, and interstate buyers fuelling rapid growth in premium residential developments. Just 200 metres from patrolled beaches and walking distance to vibrant local cafs and restaurants, this lifestyle-rich location continues to set the benchmark for prestige coastal living.
Nearby attractions include the popular BSKT Caf, The Holliday Coffee Shop, and the evolving Nobby Beach precinct - now home to The Oxley, a 4,000sqm lifestyle hub featuring boutique retail, delis, and fine dining.
This is a rare opportunity to acquire a blue-chip beachside holding in a booming growth corridor.
Don't miss your chance to capitalise on this extraordinary development-ready site in one of the Gold Coast's most desirable suburbs.
The vendor's circumstances require an immediate sale.
For further information or to request a copy of the Information Memorandum, please contact the exclusive agents at LJ Hooker Broadbeach.
Property History for 28 Peerless Ave, Mermaid Beach, QLD 4218
- 16 Jul 2025Listed for Sale Contact Agent
- 18 Nov 2021Listed for Sale Offers Over $6,000,000
- 22 May 2020Listed for Rent $400 / week
Recent sales nearby
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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 5,867 properties. Over the last 5 years, Houses in Mermaid Beach have seen a 67.79% increase in median value, while Units have seen a 92.92% increase. As at 30 April 2026:
- The median value for Houses in Mermaid Beach is $2,983,428 while the median value for Units is $1,147,978.
- Houses have a median rent of $1,400 while Units have a median rent of $830.
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