5/28 Peerless Avenue, Mermaid Beach, QLD 4218 sold on 12 September 2025 | OnTheHouse
SOLD
Sold on 12 Sep 2025 for $5,800,000

5/28 Peerless Avenue
Mermaid Beach QLD 4218

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 92m2
Land area: 50m2
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Property Details for 5/28 Peerless Ave, Mermaid Beach

5/28 Peerless Ave, Mermaid Beach is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1967. The property has a land size of 50m2 and floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in September 2025. There are other 2 bedroom Unit sold in Mermaid Beach in the last 12 months.

Building Type
Unit
Year Built
1967
Floor Size
92m2
Land Size
50m2
Local Government
Gold Coast City
Lot/Plan
5/BUP130

Last Listing description (January 2026)

Perfectly positioned just moments from the beach, this well-presented residence offers comfortable coastal living with space, light, and modern conveniences throughout.

Set across two levels, the home features air conditioning in each room, generous living areas, and a functional layout ideal for relaxed beachside living.

Property Features Include:

- Air conditioning in every room

- Spacious open-plan living and dining area

- Well-appointed kitchen with ample storage

- Timber flooring throughout the main living areas

- Two levels

- Private balcony/outdoor area

- Bathroom with shower and bath

- Internal laundry facilities

- Car accommodation included

- Light-filled interiors with neutral tones

Located in a highly sought-after pocket, this property is within walking distance to the beach and close to cafs, public transport, shops, and all that the coastal lifestyle has to offer.

This is an ideal opportunity for tenants seeking a low-maintenance home in an unbeatable beachside location.

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Property History for 5/28 Peerless Ave, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$5,800,000
12 Sep 2025
Listed for Rent
$750/w
08 Jan 2026
  • 08 Jan 2026
    Listed for Rent $750 / week
  • 12 Sep 2025
    Sold for $5,800,000
  • 09 Jan 2023
    Sold for $862,143
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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 5,845 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 47 properties listed for sale, and 25 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

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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.