501/51 Peerless Avenue, Mermaid Beach, QLD 4218 | Property Value & History | OnTheHouse
OFF MARKET

501/51 Peerless Avenue
Mermaid Beach QLD 4218

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 77m2
Land area: 89m2
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Property Details for 501/51 Peerless Ave, Mermaid Beach

501/51 Peerless Ave, Mermaid Beach is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2018. The property has a land size of 89m2 and floor size of 77m2. While the property is not currently for sale or for rent, it was last sold in October 2024.

Building Type
Unit
Year Built
2018
Floor Size
77m2
Land Size
89m2
Local Government
Gold Coast City
Lot/Plan
501/SP294081

Last Listing description (December 2024)

Case Study:
Method of Sale: Private Treaty
Days on Market: 60

OFI Attendees: 21
Online Enquiries: 37
Views Online: 4,330

Presenting as new and perfectly positioned 300m from world class beaches, this 2-bedroom, 2-bathroom luxurious beachside apartment presents a rare opportunity to embrace all that this lifestyle location has to offer.

Architecturally designed and built to the highest of qualities to suit even the most fastidious of buyers, whether you're seeking a low maintenance yet luxurious lock-and-leave residence, modern beach home or fantastic investment opportunity, this property is designed to complement the desire for an unrivalled lifestyle.

The functional floor plan is designed with relaxed easy living in mind. Combining a harmonious blend of luxe coastal living with everyday comfort, this light-filled apartment offers seamless indoor/outdoor flow. Coastal style tones, textures, finishes with high ceilings and layered lighting add to the minimalistic luxury feel.

Well-equipped modern kitchen with quality stainless-steel appliances, island bench, abundance of storage and mirrored splash backs. Open plan living and dining areas which flow seamlessly to the private balcony which overlooks stunning hinterland views, creating the perfect space to relax and unwind of an afternoon.

Sundrenched master suite with walk-in robe and stylish ensuite. Additional bedroom with built-in robes which is serviced by a contemporary family bathroom. Separate hidden laundry and study nook.

The highly desirable luxurious Neo building showcases 9 storeys of modern architecturally designed residential apartments anchored by a private residential lobby. Enjoy an easy stroll to patrolled swimming beaches, Pacific Fair Shopping Centre, The Star Hotel and Casino, public transport, parklands, neighbourhood cafes, restaurants, primary and senior schools. The Neo building offers a roof top garden, entertainment retreat and exercise sky deck which captures uninterrupted ocean, hinterland and skyline views.

Property Features:
Luxurious 2-bedroom, 2-bathroom beachside apartment
Modern kitchen with island bench, quality appliances and an abundance of storage
Open plan living and dining areas
Private balcony with stunning hinterland views
Master suite with walk-in robe and stylish ensuite
Additional bedroom with built-in robes
Split system air conditioning throughout including in both of the bedrooms
Separate laundry
Study nook
Single secure carpark plus storage cage
Fully furnished
Near new building completed in 2019
Architecturally designed building with roof top garden, private residential lobby, entertainment retreat and exercise sky deck with ocean, hinterland and skyline views
Perfectly positioned within walking distance to world class beaches, Pacific Fair, The Star, public transport, cafes, restaurants and schools

Property Specifics:
Council Rates: $1,391.08* per half year
Water Rates: $352.66* per quarter
Currently Rented at $860.00 per week until 10th December 2024
Body Corporate: $119.39* per week
*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 501/51 Peerless Ave, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$857,500
23 Oct 2024
Listed for Rent
$830/w
01 Sep 2023
  • 23 Oct 2024
    Sold for $857,500
  • 12 Sep 2024
    Listed for Sale Offers Over $849,000
  • 03 Aug 2023
    Listed for Rent $830 / 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 5,677 properties. Over the last 5 years, Houses in Mermaid Beach have seen a 92.60% increase in median value, while Units have seen a 111.40% increase. As at 30 November 2025:

  • The median value for Houses in Mermaid Beach is $2,724,302 while the median value for Units is $1,094,696.
  • Houses have a median rent of $875 while Units have a median rent of $800.
There are currently 33 properties listed for sale, and 30 properties listed for rent in Mermaid beach on OnTheHouse. According to Cotality's data, 325 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.