68 Petrel Ave, Mermaid Beach is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 405m2. While the property is not currently for sale or for rent, it was last sold in January 2025. There are other 3 bedroom House sold in Mermaid Beach in the last 12 months.
Enhanced by a prime location and a wealth of untapped potential, this is the lucrative property opportunity you've been waiting for. Positioned under 300m from the Nobby Beach coastline and approx. 500m from its thriving village-style dining precinct, explore your options to capitalise on this 405m2 block with 12.4m frontage. Rent out the fresh and tidy 3-bed, 1-bath existing home, landbank for future prosperity, or knock down and rebuild your dream beachside abode - the choice is all yours!
Best of all, you'll benefit from a coveted lifestyle. When you're not making the most of the sand and surf almost on your doorstep, stroll to the eclectic array of Nobby Beach cafes, restaurants and bars, including the new local favourite, The Oxley, for dinner or drinks. Mermaid Beach and Miami eateries, parks and entertainment are also within walking distance plus you're within 3.5km of all the delights Broadbeach has to offer, including The Star and Pacific Fair. Like all things of value, an opportunity of this calibre won't last long. Don't delay, inspect today!
Property Overview:
Council Rates: Approx. $3,403.98 half yearly
Water Rates: Approx. $445 per quarter
Rental Appraisal: Approx. $1,000 - $1,100 per week
* denotes approximate figure
**boundary lines indicative only
Disclaimer: The above information is accurate to the best of our knowledge; however, we advise that all interested parties make their own enquiries as we will not be held responsible for any variation that may apply to this information. The website may have filtered the property into a price bracket for website functionality purposes
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:
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