5/62 Petrel Avenue, Mermaid Beach, QLD 4218 sold on 20 March 2025 | OnTheHouse
 
SOLD
Sold on 20 Mar 2025 for $870,000

5/62 Petrel Avenue
Mermaid Beach QLD 4218

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 81m2
Land area: 305m2
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Property Details for 5/62 Petrel Ave, Mermaid Beach

5/62 Petrel Ave, Mermaid Beach is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1981. The property has a land size of 305m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in March 2025. There are other 2 bedroom Unit sold in Mermaid Beach in the last 12 months.

Building Type
Unit
Year Built
1981
Floor Size
81m2
Land Size
305m2
Local Government
Gold Coast City
Lot/Plan
5/BUP4243

Last Listing description (May 2025)

Soothing, warm and cosy, this is very cool beach unit, which is sandwiched between the beautiful and vast Mermaid beach and the now very hip Nobby Beach. With 2 beds, 1 bath and a single lock up garage, the unit has been thoughtfully renovated. It's either the perfect launch pad for life in the GC or the ideal investment, either as an Airbnb or a permanent rental. You are move in ready.

With only a 350 metres or a 3 minute walk to the beach, a 2-minute walk to shops, cafes, bars, restaurants and transport, there is really no better position in the whole of the city. Morning walks by the beach, followed by an Acai at BSKT or eggs benny at the Oxley, dinner down at Ally Chow/Gemillini, followed by a short Uber ride to the Casino and finally a last drink back Nobby's at Cambus Wallace.

The position is so good because it really appeals to anyone in all walks of life. Close to nature for the lovers of the outdoors and also close to the action for those more nocturnal.

This is a Bondi Beach in the making and is ideal for working couples, downsizers, investors, Airbnber's (doubt that's a word) and anyone seeking low maintenance, beachside living without the exorbitant price tag.and.there is so much more room to grow in this market. Mermaid is hot!!

The photos, dialogue and the map will answer most of your queries, but if you have any further questions, call me on 0475 046 561. Happy to guide you through.

HIGHLIGHTS:

Private, light-filled, beachside unit
2 Bedrooms/1 Bathrooms/single lock up car park
Air conditioning
Open kitchen
Minutes walk to Nobby Beach and Shops (perfect for Saturday and Sunday walks and push bike rides)
Low maintenance
Renovated
7 units in total in the complex
Low Body corporate fees
Pets allowed - subject to body corp approval
A very short walk to Nobby Beach, Shops, Cafes, Bars and Restaurants
Still one of the fastest growing and more attractive areas on the Gold Coast
Local grocery store and delicatessen close by
POTENTIAL INCOME:
Rental potential: $800-$850 per week (approx.)
Airbnb/Stayz: $290 - $580 per night (entire home)

Body corporate: $78 per week approx.

SCHOOL CATCHMENT ZONE:

Miami State School
Miami High School
Somerset College
Kings Christian College
Hillcrest Christian College
Bond University

DISTANCES:

Bus Stop - 350 m
Major Shopping Centre - 5.8 km

Primary School - 2.4 km
High School - 850 km
Parkland - 550m

Highway - 11.1 km
Train Station - 7.4km
Beach - 350m

In preparing this information we have used our best endeavors to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein

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Property History for 5/62 Petrel Ave, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$870,000
20 Mar 2025
Listed for Rent
02 Apr 2024
  • 20 Mar 2025
    Sold for $870,000
  • 05 Feb 2025
    Listed for Sale Submit Offers
  • 22 Mar 2024
    Listed for Rent $850 / 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, 313 properties were sold in the past 12 months in Mermaid beach.

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