3/27 Peerless Avenue, Mermaid Beach, QLD 4218 | Property Value & History | OnTheHouse
OFF MARKET

3/27 Peerless Avenue
Mermaid Beach QLD 4218

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 85m2
Land area: 238m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 9 Feb 2026
Low

High
Save

Property Details for 3/27 Peerless Ave, Mermaid Beach

3/27 Peerless Ave, Mermaid Beach is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1982. The property has a land size of 238m2 and floor size of 85m2. While the property is not currently for sale or for rent, it was last sold in October 2020.

Building Type
Unit
Year Built
1982
Floor Size
85m2
Land Size
238m2
Local Government
Gold Coast City
Lot/Plan
3/BUP5102

Last Listing description (February 2026)

Be welcomed by an interior that surprises and delights in this fully furnished, breezy second-floor apartment, exuding relaxed beachside charm. Set in a prized position just footsteps from the white sands of Mermaid Beach, it also enjoys easy walking access to local cafes, restaurants and bars, delivering a lifestyle that's hard to beat.

The light-filled layout features open-plan living and dining, a generous kitchen with ample storage, two bedrooms with built-in robes, a large bathroom with separate toilet, good-size laundry and a large private wrap-around balcony, the perfect spot to soak up the morning sun. Centrally located, you're moments from local shops, public transport, Pacific Fair and the vibrant Broadbeach precinct, with the very best of the Gold Coast right at your doorstep.

Features include:

- Spacious second floor apartment
- Light and bright open-plan design flooded with natural light and ocean breezes
- 2 bedrooms with built-in robes
- 1 bathroom with separate toilet
- Sunny kitchen with loads of bench and storage space
- Generous living area with separate dining area
- Private undercover balcony
- Air-conditioned living area and ceiling fans throughout
- Secure building with single lock-up garage
- Unbeatable location, steps to the beach, local cafes, bars and restaurants, moments to the vibrant heart of Broadbeach, Pacific Fair and public transport

Details:
- Available 18th February
- 6 or 12 month lease
- Fully furnished
- Pets considered on application

Suburb profile:
Mermaid Beach is geographically positioned in the centre of the Gold Coast alongside a 5 kilometre stretch of golden sand and surf beach and home to the famous Hedges Avenue "Millionaires Row". Experience amazing views from Hedges Avenue and Albatross Avenue as kilometres of white sandy beaches await you. There are also some great parks in the area to enjoy a barbeque or a quiet picnic with friends and family.

Property History for 3/27 Peerless Ave, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$500,000
13 Oct 2020
Listed for Rent
$850/w
13 Jan 2026
  • 06 Feb 2026
    Listed for Rent $850 / week
  • 13 Jan 2026
    Listed for Rent $850 / week
  • 13 Oct 2020
    Sold for $500,000
Sign in to see more transactions
Commute Calculator

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 5,846 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 48 properties listed for sale, and 27 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.